Fresh off of two days of “testifying” before the toadies in the U.S. Congress; Ben Bernanke was feeling pretty good about himself – good enough to attack his Congressional nemesis, Ron Paul.

You’ll recall how in our last episode it was Dr. Paul who fired the salvo, reminding everyone again about his “Audit the Fed” bill. Paul noted that while the legislation was virtually certain to make it through the House of Representatives that the banker-servants in the Senate and the Executive Branch would never allow this legislation to pass.

However, this wasn’t good enough for Bernanke. And so he trotted out the same line he always uses, any time somone suggests that the (privately-owned) Federal Reserve have its first outside audit in its 100-year history. He claimed that any such audit would “compromise the independence” of the Federal Reserve’s bankers.

Fortunately, thanks to the $350 trillion LIBOR-fraud we now know exactly what he means by “compromising their independence”. If anyone ever audits this fraud-factory; B.S. Bernanke and all his buddies are heading straight to jail…

 

Bernanke Slams Ron Paul’s Fed Audit Bill

http://www.reuters.com/article/2012/07/18/us-usa-fed-audit-idUSBRE86H10Z20120718

Federal Reserve Chairman Ben Bernanke on Wednesday rebutted Republican lawmakers pushing a bill that would give Congress the ability to review monetary decisions, saying it could compromise central bank independence…

Posted in News By

Jeff Nielson