.
"These measures are very much out of step with the global consensus on the appropriate role of central banks, and they would seriously impair the prospects for economic and financial stability in the United States,"

Erm, central banking is unAmerican according to the Founding Fathers. That the banksters were able to bribe weak men in Congress into allowing one to be established in America doesn't undo the premise that CONGRESS is supposed to control the money, not a tiny group of private, ultra-rich bankster cartels.

And you talk about "stability"? see 1930: "Great Depression", and now 2007: "Global Recession with American Depression". Yet, the banksters got rich off both of those calamities.

The privately owned and deceitfully named Federal Reserve Bank should be shut down, not just audited. But that puts too much power in the hands of the people..the power to control their own money supply, and they might not bail out the banksters every time they lose a bet.

Fuck you, Bernanke.
.

Excellent comment.

Never thought I'd see YOU agreeing with Savanster. These are strange times indeed.

Strange days indeed! Good comment Savantster.

The Fed is a criminal enterprise. Here is long, long movie on the Fed. It's a long movie, and worth while.

http://video.google.ca/videoplay?docid=-5153195...

American history is generally not taught in history class. They have been screwing us for years. The first step in fighting back is getting informed.

Fuck you Bernanke!

I am surprised too. His comment helped push me along in fact.

Madoff didn't want an audit, either.

The similarity seems unavoidable.

Don't just audit them: BUST THEM UP. Get rid of the FED and their insane greed. The banks should belong to US, not to ultra rich people. They already have enough for many, many lifetimes, they don't need any more, especially when millions in this country don't even have enough food for their families.

Abolish the FED. PERMANENTLY. I feel NO sympathy for those who might go to jail over it, I really don't. In fact, the more of these scum we can lock up forever the better.

North Dakota has it's own bank, and so should the rest of us. One that is ACCOUNTABLE to US, not just to their own greed.

The Federal Reserve OWNS YOUR ASS. If you use dollars or have any of your savings in dollar denominated assets then you are a slave to PRIVATE bankers (i.e the Federal Reserve, not a government agency but a private corporation owned by bankers).

Stop using dollars. Put all your savings into gold and silver. Stop paying your taxes. Default on all your credit cards. STARVE THE BEAST.

DEBTOR'S REVOLT!!!

Poor Benny. What'cha hiding Benny boy? I agree with the Savantster and a hearty 'second the motion', FUCK YOU BERNANKE!

I would be scared too if I were complicit in the looting of billions (trillions?) of dollar from the American people.

From “Unheralded warnings from the founding fathers”:

Thomas Jefferson speaking on the first attempt to establish a central bank in America:
“The system of banking is a blot left in all our Constitutions, which, if not covered, will end in their destruction. I sincerely believe that banking institutions are more dangerous than standing armies; and that the principle of spending money to be paid by posterity is but swindling futurity on a large scale.”

“The end of democracy, and the defeat of the American revolution will occur when government falls into the hands of the lending institutions and moneyed incorporations.”
“If the people ever allow the banks to issue their currency, the banks and corporations which will grow up around them will deprive the people of all property, until their children wake up homeless on the continent their fathers conquered.”

“Paper is poverty… It is not money, but the ghost of money.”

“There is an artificial aristocracy, founded on birth and privelege, without virtue or talents… The artificial aristocracy is a mischievous ingredient in government, and provisions should be made to prevent its ascendency.”
__________________
James Madison speaking on the first attempt to establish a central bank in America:

“History records that the money changers have used every form of abuse, intrigue, deceit and violent means possible, to maintain their control over governments, by controlling money and its issuance.”

“It is proper to take alarm at the first experiment on our liberties. We hold this prudent jealousy to be the first duty of citizens and one of the noblest characteristics of the late revolution. The free men of America did not wait until usurped power has strengthened itself by exercise and entangled the question in precedents. They saw all the consequences in the principle, and they avoided the consequences by denying the principle.”
___________________________
Andrew Jackson speaking on the second attempt to establish a central bank in America:
“If congress has the right under the Constitution to issue paper money, it was given them to use themselves, not to be delegated to individuals or corporations.”

“I am one of those who do not believe that a national debt is a national blessing, but rather a curse to a republic, inasmuch as it is calculated to raise around the administration a monied aristocracy dangerous to the liberties of the country.”

President Jackson told the bankers “You are a den of vipers and thieves. I intend to rout you out, and by the Eternal god, I will rout you out!”
_________________________
Abraham Lincoln speaking on the third attempt to establish a central bank in America:

“The money powers prey on the nation in times of peace and conspire against it in times of adversity. The banking powers are more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. They denounce as public enemies all who question their methods or throw light upon their crimes.

I have two great enemies, the Southern Army in front of me, and the bankers in the rear. Of the two, the one at my rear is my greatest foe. As a most undesirable consequence of the war, corporations have been enthroned, and an era of corruption in high places will follow. The money power will endeavor to prolong its reign by working upon the prejudices of the people until the wealth is aggregated in the hands of a few, and the Republic is destroyed.”
_____________________
In 1913, the bankers/corporations finally achieved their goal when the Federal Reserve was created.

President Woodrow Wilson, after having broken campaign promises and betrayed his country by signing into law the Federal Reserve Act:

“I am a most unhappy man. I have unwittingly ruined my country.
A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation therefore, and all our activities, are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world. No longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.”
_________________________________
Congressman Louis T. McFadden (Congressional Record, June 15, 1934):

“Every effort has been made by the Federal Reserve Board to conceal its power. But the truth is, the Federal Reserve Board has usurped the government of the United States.
It controls everything here; and it controls our foreign relations. It makes or breaks governments at will. No man, and no body of men, is more entrenched in power than the arrogant credit monopoly which operates the Federal Reserve Board and Federal Reserve Banks.

These evil-doers have robbed the country of more than enough money to pay the national debt. What the National Government has permitted the Federal Reserve Board to steal from the people should now be returned to the people. The people have a valid claim against the Federal Reserve Board and the Federal Reserve Banks. If that claim is enforced, Americans will not need to stand in bread lines. Homes will be saved. Families will be kept.

What is needed here is a return to the Constitution of the United States. The old struggle that was fought out here in Jackson’s day must be fought over again.

The Federal Reserve Act should be repealed; and the Federal Reserve Banks — having violated their charters — should be liquidated immediately. Faithless government officers who have violated their oaths of office should be impeached and brought to trial.
Unless this is done by us, I predict the American people — outraged, robbed, pillaged, insulted, and betrayed as they are in their own land — will rise in their wrath and send a President here who WILL sweep the money changers from the temple.”

GET RID OF THIS GROUP OF GREEDY PRIVATE BANKERS BY ABOLISHING THE FEDERAL RESERVE ONCE AND FOR ALL.

Can someone send yvonneo's comment to the House of Congress, the Senate and the President? They would be surprised at how many U.S. citizens agree with our fore father's assesment.

james trafficant speech in congress

Mr. Speaker, we are here now in chapter 11.. Members of Congress are
official trustees presiding over the greatest reorganization of any Bankrupt
entity in world history, the U.S. Government. We are setting forth
hopefully, a blueprint for our future. There are some who say it is a
coroner's report that will lead to our demise.

It is an established fact that the United States Federal Government has
been dissolved by the Emergency Banking Act, March 9, 1933, 48 Stat. 1,
Public Law 89-719; declared by President Roosevelt, being bankrupt and
insolvent. H.J.R. 192, 73rd Congress m session June 5, 1933 - Joint
Resolution To Suspend The Gold Standard and Abrogate The Gold Clause
dissolved the Sovereign Authority of the United States and the official
capacities of all United States Governmental Offices, Officers, and
Departments and is further evidence that the United States Federal
Government exists today in name only.


The receivers of the United States Bankruptcy are the International
Bankers, via the United Nations, the World Bank and the International
Monetary Fund. All United States Offices, Officials, and Departments are now
operating within a de facto status in name only under Emergency War Powers.
With the Constitutional Republican form of Government now dissolved, the
receivers of the Bankruptcy have adopted a new form of government for the
United States. This new form of government is known as a Democracy, being an
established Socialist/Communist order under a new governor for America. This
act was instituted and established by transferring and/or placing the Office
of the Secretary of Treasury to that of the Governor of the International
Monetary Fund. Public Law 94-564, page 8, Section H.R. 13955 reads in part:
"The U.S. Secretary of Treasury receives no compensation for representing
the United States."

the untied states is a corperation we the people are nothing but moderm day share croppers just look at your pay check every week, for every 100$ you make you have to kick back 40$ back to the corperation just like a share cropper does with his crops he does all the work but he has to give up half the crops that he grows to the land owner. so tell me what is the difference between us and a share cropper i tell you not a fucking thing you

What'cha hiding....who you protecting.....Benny...? Yourself.. ? Goldman Sachs, BoA, Congressional members...?

The Fed played a major part in arresting the crisis, sorry I mean causing this crisis with the mounds of artificial wealth and real estate bubbles they created with there low to zero interest rates for the last decade, "the Fed is highly transparent", yeah sorry where did our 2 trillion dollars go?, Oh sorry I think you said "I don't Know". Absolute joke, forget the audit, END THE FED and return the power of the coin to to congress, like the constitution states. "The global consensus of central banking", what is this guy smoking.

Mr. Bermanke,
Could you explain to us why the Federal Reserve is a private bank not a Federal Institution or part of the US Goverment. Isn't it a private credit monopoly owned by The Rothchilds, Lazard's, Seif, Kuhn-Loeb and Warberg, Lehman Bros, Goldman Sachs, and the Rockefeller's. It's just called The Federal Reserve Bank because....it sounds so goverminty fresh. What reserves does it have exactly?

What a dog and pony show Bernake puts on.

what this will expose, as I have long believed, is that the US is completely broke and we are existing on a fiat currency. That is what this fool is afraid of people finding out.

Nothing worse than finding out that the great OZ is nothing more than an old fool behind a curtain.

The spoiled rich frat boy really doesn't want to know what he spent the money on or how much is left in the account because he can just ask daddy taxpayer to put more money there and it's problem solved!