US Federal Reserve chairman Ben Bernanke threatens US financial collapse if the Fed is allowed to be publicly audited

[jose v]

US Federal Reserve chairman Ben Bernanke threatens US financial collapse if the Fed is allowed to be publicly audited
On Thursday 25th June 2009, Ben Bernanke was questioned by Congressman John Duncan (Republican - Tennessee) about his response to the fact that a majority of Congress was co-sponsoring Ron Paul’s HR1207 bill to audit the US Federal Reserve. Bernanke clearly regarded the bill’s intent as hostile to the institution he represents: “My concern about the legislation is that if the GAO is auditing not only the operational aspects of the programs and the details of the programs but making judgments about our policy decisions (it) would effectively be a takeover of policy by the Congress. A repudiation of the Federal Reserve would be highly destructive to the stability of the financial system, the Dollar and our national economic situation.” Bernanke did not mention that the Fed is a constitutionally illegal private banking corporation owned and controlled by major European monied interests.

http://www.prisonplanet.com/bernanke-threatens-economic-collapse-if-fed-audited.html

[ian]

ya, let it crash. Lets end the tyranny.