"...Not Confirm Bernanke Until Fed Opens Books for Auditors"

[WhiskeyGirl]

...Reps. Ron Paul (R-Tex.) and Alan Grayson (D-Fla.) argued that the Senate must postpone any vote on whether Bernanke should serve another four years “until the Federal Reserve releases documentation that will allow the public and the Senate to have a full understanding of the commitments that the Federal Reserve has made on our behalf.”

Why wasn't this done years ago?  Why isn't it done on a regular basis?  These are the folks in charge of our national cookie jar?

As the value of the dollar continues to erode, more and more people are blasting the Fed, questioning whether its monetary policy is destroying U.S. currency. And while Bernanke may still be held in high regard by banking elites for handing out free money to Wall Street in an effort to salvage the financial system, Main Street is souring on his secretive programs that put taxpayers on the hook for bankers’ bad loans and assets. This is evident in the fact that 303 House members have now signed on to cosponsor Paul’s landmark legislation (H.R. 1207), which calls for a full and public audit of the Federal Reserve.

“Since 2007, the Federal Reserve has expanded its balance sheet by $1.2
trillion and taken on substantial credit, interest-rate and foreign-exchange risk,” reads the letter from the two legislators.

http://www.americanfreepress.net/html/not_confirm_bernanke_198.html

Sounds like the stuff that got the bigs banks into trouble last year.  What's lurking on that balance sheet?

Who profits from all the manipulation of our currency?  Large global banks and businesses?

Any conflicts of interest?

[WhiskeyGirl]

The Federal Reserve runs our country

October 23, 2009 

The charade in NYC and Washington goes on. There is no question that our government is controlled by the unelected, that lurks behind the scenes or are appointed as bureaucrats to run our country. It was never more evident than when administrations changed last January. Team A replaced Team B, all of whom just happen to be members of the Council on Foreign Relations, the Trilateral Commission and the Bilderberg Group. There is no debate. There is only one plan and that is for one-world government. These are the Illuminists who will Shepard us into final bondage. This is what our government is all about today and has been since WWII.

The heart of the elitist control mechanism is the Federal Reserve and the Treasury Department. Control of our country emanates from these two entities. They control the purse strings of our nation. They allow us to pay for our own destruction. This is achieved by taxation and debt. The system in place has been used for centuries to keep control over people. The elitists want total power over us and all the inhabitants of the world.

Their plans to bring down the world’s economic and financial structure is well underway. The problem is that the public has begun to discover what they are up too via talk radio, the Internet and publications such as the International Forecaster. That has caused the elitists to accelerate their plans and that has opened the window of opportunity for us.

This is why now it is the appropriate time to pass HR1207 and SB604, bills to audit and investigate the Federal Reserve. Once the public discovers what these elitists have been doing to the American people for almost a century, they will disband the Fed and turn its job of monetary policy back to the Treasury where it was placed by our Constitution. This way we will have control and transparency. The next step will be to close the revolving door between Wall Street and Washington.

read more here - http://caps.fool.com/Blogs/ViewPost.aspx?bpid=282185&t=01009917921919779399