Geithner: Auditing the Fed is a "line that we don't want to cross" (Video)
By James Corbett | The Corbett Report
In an interview released today by Digg and the Wall Street Journal, Treasury Secretary Timothy Geithner was pressured about the growing popular movement to Audit the Fed spearheaded by Texas Congressman Ron Paul. A visibly uncomfortable Geithner attempts to dismiss the question by stating "I'm sure people understand that you want to keep politics out of monetary policy."
When Geithner is again pressed on the issue, he makes the stunning assertion that conducting an audit of the Federal Reserve—something never before done in its 96 year history—is a "line that we don't want to cross," proclaiming that such a move would be "problematic for the country."
Geithner's response that auditing the Fed would give politicians dangerous control over American monetary policy is mistaken at best and a deliberate lie at worst. Allowing the public to know what happened to their $24 trillion in bailout money does not give undue control of monetary policy to the people's elected representatives. Instead, such an audit would finally allow the public to see how their money has been spent in the midst of the largest spending binge in the history of the world's economy, hardly an unreasonable demand given the well-documented revolving door between the Treasury and Goldman Sachs, the main recipient of bailout funds. Ultimately, the Treasury Secretary is left spewing the absurdity that "I think even the sponsor of that bill recognizes how important it is to us to have the Fed independent of politics," which can only be said to be true insofar as Ron Paul—the sponsor of House Resolution (HR) 1207— wants to abolish the Federal Reserve system altogether.
That the Wall Street Journal would even pressure the Treasury Secretary on serious issues like the Audit the Fed movement may be surprising, given that the Wall Street Journal is a mouthpiece of the financial oligarchy and that editor Paul Gigot, like Geithner himself, is a Bilderberg attendee. Needless to say, this was not a typical inside-the-beltway interview. Instead, questions were submitted and voted on by the Digg community, with the top 10 questions being posed to Mr. Geithner.
As a result, the Secretary was bombarded by pointed questions about his documented tax evasion from 2001-2004, the wisdom of spending trillions of dollars in the light of long-term dollar devaluation and even, in the words of one particularly irate questioner, "Why are you running the Treasury Department?" Despite presumably having had time to prepare responses to each question well in advance, Geithner is still visibly discomfited by the entire exchange, picking at his shirt cuff and coughing nervously throughout the interview.
In one particularly telling moment, Geithner even admits "We have been forced to do just extraordinary things and, frankly, offensive things to help save the economy."
That these questions are only being asked now, almost a year into the bailout and several months after the new administration has taken office, further highlights how the controlled corporate media is doing everything in its power to keep to well-trodden and uncontroversial areas in their interviewing of key administration officials. This interview is testimony to the power of the citizen journalism movement that is attempting to hold those in power accountable for their actions. We can only hope that the Obama Administration lives up to their promise to be the "cyber" administration by allowing more such question-and-answer sessions in the future.
Article from: CorbettReport.com
G. Edward Griffin on the Federal Reserve System
"The author of "The Creature From Jekyll Island," G. Edward Griffin, on the cartel structure of the Federal Reserve System and the 1910 "money trust" meeting on Jekyll Island responsible for drafting the principles of the Owners-Glass Bill/Federal Reserve Act signed into law by President Wilson. Clip from the film "FIAT EMPIRE - Why the Federal Reserve Violates the U.S. Constitution."
Video from: YouTube.com
G. Edward Griffin - 4th of July & The Creature From Jekyll Island
July 5, 2007
The Capitalist Conspiracy: An Inside View of International Banking by G. Edward (Video)
America: Freedom to Fascism (Video)
The Bankers Manifesto of 1892
The People vs The Banks
The Creature from Jekyll Island
The Capitalist Conspiracy: An Inside View of International Banking
G. Edward Griffin - 'Big Sister' Hillary Clinton
Federal Reserve loses suit demanding transparency
Controlling the Global Economy: Bilderberg, the Trilateral Commission and the Federal Reserve
Gallup Poll: Americans Turning Against Federal Reserve
Spitzer: Federal Reserve is ‘a Ponzi scheme, an inside job’
The Federal Reserve is Bankrupt
Federal Reserve sets stage for Weimar-style Hyperinflation
Who Owns The Federal Reserve?
Latest News from our Front Page
Better Marry A Redhead- Turns Out They Might Be Genetically Superior
Editors Note: Mass immigration into Ireland and other European countries where red-heads (a global minority) are the most numerous, is a real threatening scenario. Couple this with promotion of mixing of the races and education teaching young people to hate themselves (and their heritage (if they are European) and you have a volatile and genocidal cocktail. In fact, National Geographic ...
Eating Three Meals a Day Declared Racist by Mother Jones
"Dogmatic adherence to mealtimes is anti-science, racist..."
An article featured in the left-leaning news outlet Mother Jones this week declares the act of eating three meals a day to be racist.
In a piece entitled, “Why You Should Stop Eating Breakfast, Lunch, and Dinner,” writer Kiera Butler asserts that strict adherence to mealtimes is not only “anti-science,” but “racist” as well.
“When European ...
Not Again: More US AID, Missiles Shipped to al Qaeda, al Nusra and ISIS in Syria, Iraq
Two weeks ago, 21WIRE reported on how ISIS and other terrorists militants operating in Syria and Iraq are receiving regular weapons and ‘supply drops’ – forming a ‘rat line’ which seems to be playing a crucial role in keeping this highly profitable conflict going on both sides.
This week, it’s been reported that Jabhat Al-Nusra fighters have been brandishing US-supplied ...
Swedish parliament removes Baroque artist's bare breasted painting for offending feminists and Muslims
A nude painting named Juno, which was painted by baroque artist G E Schröder and has hung in the dining room of the Swedish Parliament for 30 years has been taken down for fear of offending the sensitivities of feminists and Muslim visitors, Swedish newspaper, The Local reported on Thursday.
Explaining the ban on the baroque breasts, a source from the ...
White US children will be minorities by 2020 after immigrant 'baby boom', Census reveals
This is the result of an ongoing trend of declining birth among white Americans and a baby boom among immigrant groups, as well as a surge in immigration.
By the year 2020, 50.2percent of all children in the US are expected to be non-white, according to the Census. By 2044, whites will be outnumbered by minorities.
The Census study, released ...
|More News » |