Community > Posts By > warmachine

 
warmachine's photo
Fri 08/07/09 11:16 AM
For the record, this move is not socialism. It's a forced Nationalizing.

This is not a move that Marx would make, on the contrary, it's one that Hitler did.

warmachine's photo
Thu 08/06/09 07:32 AM
http://www.prisonplanet.com/a-special-thanks-from-alex-jones.html

warmachine's photo
Tue 08/04/09 08:04 PM
My fault... I'm the kook and you're the paranoid overthinker...

I'm thinking sitcom!


smokin drinker

warmachine's photo
Tue 08/04/09 08:02 PM
And theres more...


http://www.prisonplanet.com/more-proof-against-wtc-7-lies.html

warmachine's photo
Tue 08/04/09 07:59 PM
Are there cases where some folks just have a chemical imbalance or are simply broken emotionally?

Yep.

However, the use of antidepressants doubled between 1996 and 2005.

Thats ridiculous.

Being sad is apart of the human condition and you become stronger as a person when you face the situation that fosters sadness head on and overcome it.

I grew up dirt poor and lived in states custody as a kid, however, I'm a much better and stronger person, after I dumped the pharma mind bending psychotropics and faced life like a man, like an adult.

Just my take, no two people are the same and as such will handle things differently.

warmachine's photo
Tue 08/04/09 07:54 PM
Some good info there.

Most people aren't really aware of things like Tuskegee, MKUltra and those types of atrocities.

There was another group that took alot of shortcuts at the expense of human life, Our Government protected them and brought them here to continue their work.

Those people were Nazi's.

warmachine's photo
Tue 08/04/09 07:51 PM



Kane and Barney Frank

Glenn Jacobs
Lew Rockwell.com
Tuesday, August 4, 2009

I was in the Boston airport late this morning flying to LaGuardia. As I was talking on my phone, I recognized Congressman Barney Frank walking past me. Not wanting to miss the opportunity, I hung up my cell phone and approached Congressman Frank. Here is our conversation:

Me: “Congressman Frank (handshake), why are you holding H.R. 1207 in committee?”

Frank: “What is 1207?”

Me: “Ron Paul’s bill to audit the Fed.”

Frank: “Oh, yeah. Ron and I have talked about that. We are going to attach it to a comprehensive monetary Fed bill.”

Me: “But you’re not going to water it down, right?”

Frank: “No, we don’t want people to trade off of what the Fed is doing so we don’t want it released the same day.”
Me: “Cause the American people deserve to know what the Fed is doing?”

Frank: “That’s what I just said. You come up to me and you’ve got a chip on your shoulder. And I don’t understand it!” Turns and walks away.

Frank’s statement that he “doesn’t want people to trade off what the Fed is doing” is absurd. An audit takes place after an action. Even releasing it the same day wouldn’t matter as one would need foreknowledge to take advantage of the Fed’s actions in the way Frank is talking about. Besides, the Fed already publishes press releases, policy statements, speeches, etc. In addition, how perverted is it that every investment decision is subject to the actions of a small group of central planners?)

Now, to be fair, I should have introduced myself to Congressman Frank and thanked him for some really great piece of legislation he had introduced – except that as a libertarian, I couldn’t think of anything worthwhile to thank him for – but I was excited and wanted to catch him before he boarded his plane (he was flying to Reagan, one gate down from mine). However, I was pleasant, courteous, and respectful during the entire encounter and would have gladly thanked him for his time given the chance. Instead Congressman Frank stormed off like a petulant child.

I guess when it comes to politicians and their constituents (read employees and their bosses) courtesy and respect are a one-way street.


warmachine's photo
Sun 08/02/09 07:47 AM
Naa... couldn't be...

warmachine's photo
Sun 08/02/09 07:21 AM
There's good and there's bad, I agree. I tend to only post these kinds of stories when the tale is just obnoxiously ridiculous.

I think this one qualifies.

warmachine's photo
Sun 08/02/09 07:13 AM


Well, AB, that totally depends on whether or not you choose to ignore our countries history of utilizing false flag events to further agendas.

We did this on another thread.

Reckon you didn't want to pull that back up... Cause it has logical refutations of your stance.

That is where I discussed it... Therefore I really don't wish to chase my tail with you on this subject...

Please enjoy your posting sir.


Yeah, we did this, more specifically on the 9/11 topic, but it goes far deeper than that. I continue to repesctfully disagree that the majority of the refutations rely on logic, just because they seem to ignore serious points of reference that would change the dynamic of the end game.
That aside, this is far more a broad subject than 9/11, which isn't used by anyone seriously concerned about whats been going on in our seats of power, contrary to a earlier post.

Either we have to come to the conclusion that all these politicians, over decades, just all have horrible jugdement in character or... well, I think you know where I'm going with that.


warmachine's photo
Sun 08/02/09 07:05 AM
You've hijacked nothing, Adj. You and I don't always agree on everything, but we are both passionate people seeking to to redirect our fellow citizens eyes away from the distractions long enough for them to see the magicians gimmicking their next trick to strip us of our liberties.

Why is is it so hard to comprehend, that there are is a group of elitist, eugenics worshiping, power mad criminal archtypes running the show and making the calls?

Why is it so hard to come to grips with that their end game is a one world system that they control, with 80% of us dead?

Thats what they say, on shows they go on, in their speeches and in their writing.

What's the theory in that? Crap, the new science czar literally wrote the book on forced sterilzing, but I'm the kook, Adj4u, you're the kook?


warmachine's photo
Sun 08/02/09 06:55 AM
Those things are not much more than government protected ponzi schemes.

warmachine's photo
Sat 08/01/09 02:06 PM
Ala. police: Taser use on disabled man justified
(AP) – 4 days ago

MOBILE, Ala. — Officers who used pepper spray and a Taser to remove a man from a store bathroom found out only later he was deaf and mentally disabled and didn't understand they wanted him to open the door, police said Tuesday.

A spokesman for the Mobile Police Department said the officers' actions were justified because the man was armed with a potential weapon — an umbrella.

But relatives of Antonio Love, 37, have asked for a formal investigation and said they plan to sue both the police and the store.

"I want justice," Love's mother, Phyllis Love, said Tuesday.

The woman said her son hears only faintly, has the mental capacity of a 10-year-old and didn't realize that it was the police who were trying enter the bathroom.

"He thought the devil was out there trying to get in to get him," she said.

Antonio Love, in a written statement and in a television interview given in sign language about the confrontation, said he had a badly upset stomach last Friday and went into a Dollar General store to use the restroom.

Police spokesman Christopher Levy said Tuesday store workers called officers complaining that a man had been in the bathroom for more than an hour with the door locked. Officers knocked on the door and identified themselves, but the person didn't respond.

Officers used a tire iron to open the door, but the man pushed back to keep it shut. Officers saw the umbrella and sprayed pepper spray through a crack trying to subdue the man, Levy said. They shot the man with a Taser when they finally got inside, he said.

Officers didn't realize Love was deaf or had mental problems until he showed them a card he carries in his wallet, Levy said. He was arrested on a charge of disorderly conduct, but officers released him and took him home after a magistrate refused to issue a warrant.

Levy said officers were justified in using force against Love since he had an umbrella.

"The officers really worked within the limits of our level-of-force policy," he said. "We had no information about who this guy was."

Phyllis Love said her son, who has worked in the garden department at a Lowe's store for several years, was scared when he realized someone was trying to get into the bathroom with him. He put water on his face and on the floor after being hit with pepper spray, she said.

"He didn't know it was a policeman until they busted the door in on him," she said. "He had a knot on his head from where it hit him."

Levy said police wish the confrontation had never occurred. The internal investigation will include a review of Love's complaints that officers laughed at him after realizing he was deaf, he said.

"We'll make whatever efforts we can to resolve this situation, hopefully so this man will be able to trust police in the future so we can help him. Obviously, it's going to be a rough road," he said.


warmachine's photo
Sat 08/01/09 01:50 PM
Why Bernanke Is in Panic Mode

Gary North
Lew Rockwell.com
Saturday, August 1, 2009

Bernanke video: He stutters; he stammers; he is in visible panic mode over Ron Paul’s bill to audit the Federal Reserve. Watch it. You’ll love it! Then send it to your friends.

Usually, when Ben Bernanke is interviewed, he has the demeanor of a college professor in the presence of freshman students. Of course, as a full professor, he did not have to teach freshmen. That is for untenured assistant professors to do. Stammering and stuttering are therefore a real departure for him. There is a reason for this.

For the first time since 1914, there is a public debate in Congress over the Federal Reserve’s power. Never before has a majority of the House of Representatives called for what should always have existed: Congressional scrutiny over the FED’s money. Bernanke says that Ron Paul’s bill to audit the Federal Reserve is a bill to audit Federal Reserve policy. Yet the bill says nothing about auditing policy. So, what is he talking about?

Bernanke says that Congress can have access to an audit at any time. Sure it can – an audit vetted and sanitized by the FED, where no one knows which banks got what bailout money. This is an audit in the way a CIA audit is an audit. The main differences are these: (1) the CIA legally operates only outside the borders of the United States; (2) the CIA can assassinate any uncooperative Congressman who insists on a full audit. The FED does not have the second power, but it is not limited by the first restriction.

What has Bernanke panicked is this: the Federal Reserve has bailed out the biggest banks and has let over 50 little ones die. This is crony capitalism at its most notorious.
The threat is that Congress will discover what should be obvious: the biggest banks last October almost went bankrupt. Bernanke and Paulson admitted this to Congressional leaders. This is how they got the leaders to authorize the Treasury bailout. This is why the FED swapped marketable Treasury debt for unmarketable toxic debt at face value with the biggest banks.

Which banks? The FED refuses to say.

This is the heart of the matter. This is what has Bernanke in a panic. If Congress compels a full audit – a real audit, not a FED-controlled audit – individual members of Congress will discover that the American financial system is a house of cards. A few of them will release the results of the audit to the public. This will include Website publishers, who will go over the audit, line by line. The mainstream media will face being scooped by newsletter writers, so they will try to publish first.

The public will find out which banks are not safe. This is what has Bernanke in panic mode.

The public will pull deposits out of the biggest, least safe banks and open new accounts at banks that look safer. That will bust some very big banks.

There is no way that the FDIC could cover the losses of even one of these giant banks. It is down to $12 billion in assets, mostly T-bills. It would have to come to Congress for the line of credit that Congress has extended: $500 billion.

The banking cartel would face a breakdown. Why? Because the public would finally learn which big banks got how much money, how much Treasury debt for toxic assets, and on what terms.

KEEPING DEPOSITORS IN THE DARK

Bernanke says this bill is all about criticizing Federal Reserve policy. Not really. It is all about exposing policy to the public, and letting them decide where to deposit their money.
This thought of depositors finding out which banks are at risk is what the Federal Reserve was created in 1913 to prevent. The banking cartel must prevent bank runs from spreading. If the public had explicit information on what the FED did and why, the public would be in a position to pull their money out of illiquid, economically insolvent large banks.

Bernanke feigns a fear of Congress setting policy. What he is afraid of is depositors setting policy. He does not want depositors to see which banks are at risk.

The bankers live in fear of their depositors. Depositors can bust a bank in a matter of days. All they need to do is write a check or send a bank wire transfer from their present bank to a different bank. If too many depositors pull money out of Bank A to send to Banks B, C, or D, Bank A goes under. The FDIC has to have a Friday afternoon emergency session where it absorbs the bad assets of Bank A and opens bidding for the good assets.

The big banks love this when they are not the targets of the bank run. They can buy up millions of dollars of good assets, while palming off the bad assets to the FDIC. If the FDIC can’t cover the losses, then Congress picks up the tab. A sweet deal for the surviving banks!

But what if the surviving banks are being held together with accounting gimmicks. Example: the FED “lends” Treasury bills (marketable) at face value to big banks that are sitting on a hundred billion dollars in unmarketable assets: bad real estate loans. The receiving banks list the Treasury bills as their capital. The government auditors are then instructed to evaluate the solvency of the banks in terms of the quality of their loans – in this case, T-bills. No problem!

But these assets are borrowed from the FED. In theory, the FED can force the banks to swap back at face value. At that point, the banks are technically bankrupt. These assets have no liquid market.

The solvency of the American banking system rests on smoke and mirrors. Bernanke knows this. Congress is ignorant. Congress thinks things are probably OK. But a majority of House members want to be safe. They don’t want the folks back home to believe that they are asleep at the wheel, which Congress has been since 1914 with respect to the Federal Reserve. So, a majority of House members co-sponsored Ron Paul’s bill to audit the FED.

Barney Frank understands the threat. He has bottled the bill up in committee. This way, members who support the bill can tell the folks back home that it’s not their fault. If they are asked about this, they can say, one by one, “I am really sorry. I did my best, but the bill is bottled up in committee. There is nothing I can do.”

Of course there is something they can do. They can vote to bring the bill to the floor for a vote. There, they will be exposed to the folks back home. Did they vote “yes” to audit the FED? By co-sponsoring the bill, they can tell the folks back home, “I’m with you on this.” By letting Frank bottle it up in committee, they can plead powerlessness. Nice.

It’s all smoke and mirrors. It’s all about not letting depositors find out how their banks are doing.

BERNANKE IS CONTEMPTUOUS OF CONGRESS

Bernanke said this on-camera: “The public does not want Congress to set monetary policy.” If that really is the case, then it is odd what the United States Constitution says about this. Consider Article 1.

Section 1. All legislative powers herein granted shall be vested in a Congress of the United States, which shall consist of a Senate and House of Representatives.

Then Article 8 spells out the powers of Congress. These include:

To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;

To provide for the punishment of counterfeiting the securities and current coin of the United States.
That surely appears as though Congress does have lawful power over money. That in turn seems as though the public can ask Congress to fulfill its duties. That seems as though Congress has the legal right to audit or set policy for the private agency – the Federal Reserve Bank of New York – that executes the monetary policy of the government agency, the Board of Governors of the Federal Reserve System.
The way that the public kept both Congress and the commercial banks under control was through the silver standard, up until about 1815, and then by the international gold coin standard until late 1913, when the Senate rushed through the Federal Reserve Act when most members had gone home for the Christmas recess. President Wilson signed the bill into law that evening: a very fast track.

When Dr. Bernanke showed contempt for Congress in the name of the American people, he forgot to mention an alternative to both the Federal Reserve and Congress: the gold coin standard. That system lodged the power of the veto in the hands of the public. That was why commercial bankers, central bankers, and politicians joined forces to ridicule both the gold standard and the earlier silver standard.

A precious metal coin standard – coins payable at a government-fixed price on demand for paper money – gives the public too much authority over monetary policy. This gives them too much authority over government tax policy: no inflation tax.

The Federal Reserve Act transferred legally sovereign power over money from Congress to the Board of Governors of the FED. The Board of Governors labored under the restraint of the gold coin standard domestically until Roosevelt unilaterally abolished it in 1933. Then Nixon unilaterally abolished the last remaining traces of the international gold standard in 1971. That left the Federal Reserve System with nearly uncontested power over money, with only the infamous and much-denigrated “bond vigilantes” possessing an independent veto over FED policy.

Bernanke is adamant: any attempt by Congress to monitor the activities of the FED is an assault on Federal Reserve sovereignty. The Constitution lodges such sovereignty in Congress, but Congress delegated this sovereignty to the not-yet operational Federal Reserve in late 1913.

Ron Paul’s bill is the first bill ever to gain widespread support in the House to transfer the right to audit the FED to Congress. This is the first time since 1914 that any Congressman has persuaded a majority of his colleagues to assert the legal sovereignty that the Constitution delegates to Congress with respect to money. This is why Bernanke is in panic mode.

This is the first chink in the FED’s armor since 1914. This bill is a nightmare for the FED. Yet the FED’s staffers are going to get paid their above-market salaries and keep their fully vested pensions, with or without an audit by Congress.
PANIC IN THE BOARDROOMS

The real panic is in the boardrooms of the largest banks. This bill will allow Congress to see the specifics of the sweetheart arrangement that big banks have had with the FED. Congress will get the statistical facts, and newsletter writers will interpret them for subscribers – rich subscribers.

The big bankers know that their banks would be insolvent without Federal Reserve bailouts, Treasury Department bailouts, and smoke-and-mirrors accounting. They know that any light thrown on the system’s smoke-and-mirrors accounting will reveal the insolvency of the biggest banks.

The directors of these banks do not want the public to be able to get access to these facts by means of a full-scale audit of the Federal Reserve System. The paper trail, meaning the digital money trail, leads to their banks. This terrifies them. It should.

The big bank bankers are now in full defensive mode. They see the threat. They dare not go public with warnings about letting the public gain access to full information about the bailouts since last September. This would appear to be self-serving, which it would unquestionably be. So, they let Bernanke be their spokesman, as if Bernanke and the Board of Governors were not enforcers of the fractional reserve banking cartel.

This puts Bernanke on the spot. He dares not tell his interviewers that the United States Constitution lodges in Congress legal sovereignty over the money of the United Stares. He does not want to remind the public of this Constitutional fact. So, he denigrates Congress as incompetent to set monetary policy. He is therefore contemptuous of the Constitution, but he dares not let this slip out. That would not be prudent.

If Ron Paul’s bill is kept bottled up, this will be grist for the mill of a growing number of Americans who have only recently learned about the existence of the Federal Reserve System. From the beginning, the Federal Reserve was designed to be a mystery to the public. This strategy succeeded for over 90 years. But Ron Paul’s Presidential campaign at long last began to gain attention for the FED. The campaign took place in 2008. That was the year of the crash and the desperation bailouts. This was bad timing for the FED. This bad timing led this year to widespread member support in the House of Representatives for an audit of the FED. Worse yet, the bill was sponsored by Ron Paul – the FED’s greatest Congressional opponent in this generation. This is very bad news for the banking cartel. It took place on Bernanke’s watch. He is in panic mode.

CONCLUSION

The Federal Reserve has lost a lot of its legitimacy. It has also lost a lot of its secrecy. By opposing the audit, Bernanke is positioning himself as an anti-democratic representative of the Wall Street banks. Of course, this is what every FED chairman has been. But this is the first time since 1914 that any FED chairman (or his equivalent) has had to adopt this positioning in full public view.

This is bad news for the Federal Reserve. When the economy gets worse, as it will, the FED will receive its share of the blame, which is considerable. Bernanke is the primary visible agent of the FED. He will no longer get a free ride. The critics are at long last getting a hearing by the informed public – the people with lots of money deposited in large banks. This is why he has been going on television to present his case. No other FED chairman in history has been forced to do this. This is a sign of the degree of panic in the boardrooms.

The more often Bernanke goes on TV, the more people will think: “Methinks he doth protest too much.”

This is a very good thing.


warmachine's photo
Sat 08/01/09 01:39 PM
Government only knows how to extort and counterfeit.

Name me one market that government has gotten their tentacles into that has improved said market?

They couldn't even run a brothel.

warmachine's photo
Sat 08/01/09 01:36 PM
Well, AB, that totally depends on whether or not you choose to ignore our countries history of utilizing false flag events to further agendas.

warmachine's photo
Sat 08/01/09 01:31 PM
There it is, sometimes, no matter where you go, what the evidence is, it just doesn't seem to be good enough for some people if it doesn't fit into their ideals of what the world is, regardless of the truth.


Spun with love... for my fellow citizen, adj4u, smokin drinker

laugh

Side arguements aside, I go back to my original thought, Why would government be spending all this time building this kind of thing up and then not use it?

DHS head Napalitano guarunteed that we'd be seeing this thing come back with increased lethality.


warmachine's photo
Sat 08/01/09 10:15 AM




H1N1 Pandemic: Pentagon Planning Deployment of Troops in Support of Nationwide Vaccination

Michael Chossudovsky
Global Research
Friday, July 31, 2009

According to CNN, the Pentagon is “to establish regional teams of military personnel to assist civilian authorities in the event of a significant outbreak of the H1N1 virus this fall, according to Defense Department officials.”


First, 'Global Research' is not a legit source for any article unless you are an internet conspiracy freak or just can't think for yourself. It's a font for limited political (if you can even call it that) views. In other words, your source sucks and you are a willingly blind fool for using it as information.

The rest of that anti-globalization dogma isn't even worth discussing.


Global research isn't legit... Seems to me that the article posted sources it's material. Where's the Conspiracy theory? It's fact, everything I posted is fact. Unlike what those criminals in washington would like you to believe, that truth is some matter of perspective or can be viewed from the abstract, I disagree. Truth is an absolute and in the case of this swine flu crap, the truth is absolutely disgusting!

You don't even have a source and I'm the fool? Whatever, globalization didnt lead us into some 'star trek' utopia. it's led us into more and more conflict, disasters in economics, more criminal behaviour by those who seek the seats of power.

Where's the conspiracy when these scumbags get on the t.v. or write books calling for New World Order, New International Order or whatever variation of a Global Technocracy you want to lay on the table. When Obama goes to Russia and the Russian Prez. unveils the new global currency... that what, doesn't exist? Didn't happen? Some sort of internet wacko theory?


I'm a fool? When the mainstream is forced to report on forced innoculations, mass internments and handing out vaccines that are admittedly not tested, but it's somehow some kooky conspiracy theory?

I would counter with, if you aren't going to pull your head out of the sand to see who is kicking you in the a$$...




Hey man - I'm a hard-core libertarian by personal views. I just think that spouting internet conspiracies serves no one but the political fronts that back the publications in the first place.

If you want to bash the press in the US fine (I agree it sucks), but hold yourself to a higher standard with re-publishing information or you are a hypocrite. It seems you have decided to take an even lower standard for what you post up by functioning as a mouth-piece for these groups masquerading as legit news sites. Why do that to yourself and what you believe in?


I don't spout anything, what I post is fact. I do alot of backing up and checking before I post anything. when it comes to being a libertarian, I roll the line with the Wayne Allen Roots, the Ron Pauls and the Lew Rockwells.

I posted a article from Rueters too, about the same topic, which was the original source of ridicule, that walmart was being positioned to use as a hub for the vaccinations, is rueters also a less than source of info or does posting from to different news sources, that both source their info still land me in hypocrite category A?
The global research article in fact sources to everything from CNN to NorthComs own websites, Global research may not be perfect, but they and other net based information sites are doing a tough job in the face of a state/corporate (read fascist) run media masquerading as independent news.


I'm not on here proclaiming Obama to be a Kenyan, or that Hillary Clinton and George Bush shapeshift into demons during blood ritual orgies. I put on here things like Henry Kissinger on CNBC, postulating that Obama has a perfect chance to usher in the New World Order.

Where's the "theory" in that?

warmachine's photo
Sat 08/01/09 09:56 AM


H1N1 Pandemic: Pentagon Planning Deployment of Troops in Support of Nationwide Vaccination

Michael Chossudovsky
Global Research
Friday, July 31, 2009

According to CNN, the Pentagon is “to establish regional teams of military personnel to assist civilian authorities in the event of a significant outbreak of the H1N1 virus this fall, according to Defense Department officials.”


First, 'Global Research' is not a legit source for any article unless you are an internet conspiracy freak or just can't think for yourself. It's a font for limited political (if you can even call it that) views. In other words, your source sucks and you are a willingly blind fool for using it as information.

The rest of that anti-globalization dogma isn't even worth discussing.


Global research isn't legit... Seems to me that the article posted sources it's material. Where's the Conspiracy theory? It's fact, everything I posted is fact. Unlike what those criminals in washington would like you to believe, that truth is some matter of perspective or can be viewed from the abstract, I disagree. Truth is an absolute and in the case of this swine flu crap, the truth is absolutely disgusting!

You don't even have a source and I'm the fool? Whatever, globalization didnt lead us into some 'star trek' utopia. it's led us into more and more conflict, disasters in economics, more criminal behaviour by those who seek the seats of power.

Where's the conspiracy when these scumbags get on the t.v. or write books calling for New World Order, New International Order or whatever variation of a Global Technocracy you want to lay on the table. When Obama goes to Russia and the Russian Prez. unveils the new global currency... that what, doesn't exist? Didn't happen? Some sort of internet wacko theory?


I'm a fool? When the mainstream is forced to report on forced innoculations, mass internments and handing out vaccines that are admittedly not tested, but it's somehow some kooky conspiracy theory?

I would counter with, if you aren't going to pull your head out of the sand to see who is kicking you in the a$$...


warmachine's photo
Sat 08/01/09 09:27 AM
75% Favor Auditing The Fed
by Rasmussen Reports

So much for the ongoing secrecy of the nation’s independent central banking system. A new Rasmussen Reports national telephone survey finds that 75% of Americans favor auditing the Federal Reserve and making the results available to the public.

Just nine percent (9%) of adults think that’s a bad idea and oppose it. Fifteen percent (15%) aren’t sure.
Over half the members of the House now support a bill giving the Government Accounting Office, Congress’ investigative agency, the authorization to audit the books of the Federal Reserve Board.

Support for the bill has grown now that the Obama administration is proposing to give the Fed greater economic regulatory powers. The Fed which sets U.S. monetary policy was created as an independent agency to keep it free of politically-motivated interference.

Fed Chairman Ben Bernanke in a town forum filmed on Sunday which is airing this week on PBS stations said he is strongly opposed to the audit legislation. “I don’t think the American people want Congress running monetary policy,” he said. Howard Rich addressed this issue in a recent commentary and concluded it was important to locate the “trillions of dollars” the Fed has spent over the last year-and-a-half.

The new survey finds that an overwhelming majority of Americans in every demographic category – including age, gender, political affiliation, race and income – disagree with Bernanke and favor auditing the Fed to make its secretive deliberations public.


Fifty-two percent (52%) of Americans support Bernanke’s efforts to speak out more publicly than his predecessors as Fed chairman, but his favorables have gone down over the past month. A plurality (41%) think the previous Fed chairman, Alan Greenspan, did a better job, too.

While the president hopes to expand the Fed chairman’s regulatory controls, 46% of Americans say he already has too much power over the economy.

Fifty-one percent (51%) oppose expanding the Fed’s regulatory powers.

Despite Bernanke’s pledge that the Fed will keep interest rates and inflation down, 54% of Americans think interest rates will be higher a year from now, up 20 points from April.

Perhaps helping to drive the support for regularly auditing the Fed is the growing unpopularity of Obama’s economic initiatives to date. While the Fed is an independent agency, just 20% of Americans believe the Fed chairman is truly independent of the Obama administration. Sixty percent (60%) say his decision-making is influence by the president.


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