Geithner: Auditing the Fed is a "line that we don't want to cross" (Video)
2009 08 27
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
Hungary’s Orban Bashes Liberal Immigration Policy
2014 08 29
Hungary’s Prime Minister Viktor Orban on Monday lashed out against immigration, setting one of the main policy objectives of his next term in power after winning parliamentary elections in April.
“The goal is to cease immigration whatsoever,” said Hungary’s prime minister. “I think the current liberal immigration policy, which is considered obvious and morally based, is hypocrite,” Mr. Orban said.
At a ...
China’s “Duplitecture” Cities Mimic the World’s Greatest Architectural Hits
2014 08 29
The best knockoffs in the world are in China. There are plenty of fake designer handbags and Rolexes, but China’s knockoffs go way beyond fashion. There are knockoff Apple stores that look so much like the real thing that some employees believe they are working in real Apple stores. And then there are entire knockoff cities. There are Venices with ...
Kiev loses control of Novoazovsk, rebel troops advance in southeast Ukraine
2014 08 29
Kiev’s troops had to leave the eastern Ukrainian city of Novoazovsk to save their lives, said the country’s Security and Defense Council. The authorities admitted that self-defense forces are advancing and leading a counteroffensive in the southeast.
Along with Novoazovsk, Kiev troops have lost control over the villages of Amvrosiivka and Starobeshevo in the Donetsk Region of Eastern Ukraine.
According to Ukraine’s ...
Mohammed is most popular name in Oslo
2014 08 29
For the first time in the capital city’s history, Mohammed is the most common name for boys and men, said a study on Thursday.
Statistics Norway (Statistisk Sentralbyrå - SSB) has counted the population of Oslo and found that Mohammed is the most common male name in Oslo for the first time ever.
Jørgen Ouren of SSB said to NRK: “It is ...
Beaten to Death at McDonald’s
2014 08 29
To the four clean-cut college freshman out on a double date, it had seemed like a typical McDonald’s: spanking clean, well-lighted, and safe. It was in a good neighborhood too, right next to Texas A&M University in College Station -- a campus known for its friendly atmosphere and official down-home greeting: “howdy.”
Shortly after 2 A.M. that Sunday, they pulled into ...
|More News » |