Bernanke: Fed audit a ‘takeover’ by Congress, trigger econ. collapse
• InfoWars.com"but making judgments about our policy decisions would effectively be a takeover of policy by the Congress and a repudiation of the Federal Reserve would be highly destructive to the stability of the financial system, the Dollar and our national economic situation."
Interesting how and AUDIT would produce such disasterious effects. The CONstitution decrees that CONgress is the body which is to control the money of the united states,
U.S. Constitution - Article 1 Section 8 - The U.S. Constitution ...The Congress shall have Power To lay and collect Taxes, Duties, ... To coin Money, regulate the Value thereof, and of foreign Coin
Summary: In option 1, the politicians will use their politically correct expertise to satisfy their need to win support and patronage to stay in power … and this is obvious.
Since every political opportunist has its own version of fiscal and monetary policy, expect a war in Congress that would create chaos and anarchy because this confrontation will spill over to their opposing constituencies in the parliament of the street. Picture this situation in your mind while vultures in Wall Street are picking our eyeballs out of the sockets, and the blood drawn creates a financial meltdown that spins the economy down the tube. The author of audit-the-Fed Trojan Horse gets his revolt against the Fed – and that’s all what the author wants. Co-authors of the bill in Congress just join and co-sign without looking. They are just there for the ride.
If in Option 2 we assume as true the premise that the Fed is run by “crooks” whose operations should be audited by Congress – an assumption that with a single punch we could knockout the Moon – what we need is not a congressional audit [that’s too pompous] but a handcuff to haul those crooks to jail.