The Golden Truth: Looks Like Bernanke Was Saved By Big Bank Payouts to Senate Republicans...

Monday, January 25, 2010

Looks Like Bernanke Was Saved By Big Bank Payouts to Senate Republicans...

Big banks exercised their 1st Amendment right, as upheld by the Supreme Court last week, and utilized the funding of some Senate Republican flex-spending accounts to buy support for Bernanke:

Ben Bernanke's future as the leader of the Federal Reserve was in doubt late last week, but he's been bailed out by a strange coalition: The White House and the Senate Republican leadership. Here's the article: Bank Money For Republicans Saves Bernanke

If nothing else, this demonstrates the fact that Corporate America has become our Government. Based on polling conducted before Senate reconfirmation hearings, Americans strongly opposed the reappointment of Bernanke. Last week his reappointment was in serious doubt, but the Republicans, who mostly opposed him, now seem to have found Bernanke religion. You can connect the dots for yourself.

3 comments:

EdwardoMonday, 25 January, 2010
I feel about Bernanke's re-appointment the same way I imagine I would have felt about the assassination of Hitler during WWII. Let Bernanke stay on so that the ultimate defeat of the enemy, which is the entire Federal Reserve Banking System, may be total.

I've never liked the idea of Bernanke acting as the ultimate lighting rod of criticism and recrimination with respect to bankster malfeasance. The entire Federal Reserve system, like the whole Nazi Party-and I do not, by any means, equate the two entities as being even close on the grand scale of wickedness, but I make the juxtaposition simply to make a point-must be eradicated.
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BillMonday, 25 January, 2010
I'd love for someone to connect the money dots from this group of Bernanke supporters to the entities that sent cash and how much.
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Dave in DenverMonday, 25 January, 2010
Well, I think we know the big banks would be the ones putting some nice campaign donations into the coffers of the Senators sitting on the fence, especially the ones in tight races this year.

And we know Enron's chief lobbyist is the one sprinkling the fairy dust around Capitol Hill:

"strategy on the Bernanke confirmation was being led by former Enron lobbyist Linda Robertson, who is viewed as an effective advocate for the banking chief on Capitol Hill"

http://www.zerohedge.com/article/two-more-senators-endorse-bernanke-former-enron-lobbyist-garners-support-yet-another-con

Problem is, by the time the relevant filings are made by each Senator, this weekend's largesse will be lost in shuffle
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Why Gold?

Gold is the world's oldest currency. You exchange your fiat currency (dollars, euros, yen, yuan) into gold as an insurance policy against catastrophic Central Bank and Government policies which serve to destroy the value of fiat currencies and destroy democracy.

Gold can ONLY be considered an investment to the extent that it remains significantly and historically undervalued in relation to the fiat currencies against which its value is measured. Otherwise it remains the world's oldest currency and is completely free from the counterparty risk associated with currency by Government fiat (i.e. fiat currencies rely on a Government's "full faith and credit.")

Quote Of The Month Courtesy of "Jesse"

Unfortunately for Larry Summers, Ben Bernanke, and their friends at the BIS, they have not yet figured out how to print physical gold, silver, and other essential commodities, and the world is reaching the point where it might simply start ignoring the New York based markets with respect to essential commodities such as basic materials, oil, foodstuffs, and the like, as they become increasingly irrelevant, fraudulent, and Orwellian. And then where will the financial engineers be, except with no more excuses and no place to hide?

Here is the link to his entire commentary, well worth a read:

http://jessescrossroadscafe.blogspot.com/2010/07/gold-daily-chart-shock-and-awe-for.html

Great Quote From Jim Rogers On Govt CPI Reporting

JR: I mean, we have inflation now. If you go to the shop, whether it’s groceries, or education or insurance or health care, prices are going up for everything. The government lies about it in the US. Some countries lie, many countries don’t: Australia, China, India and Norway. Many countries don’t lie about it and acknowledge that we have inflation. Others lie about it, the UK and the US, but if you go shopping you know prices are up.

Q: Are you saying that the American Consumer Price Index (CPI) published by the US Bureau of Labor Statistics is a lie?

JR: In my opinion, yes, of course it is. Have you looked at it? They’ve changed their accounting several times in the past few decades. When housing was 20% to 25% of the CPI and housing was going up, they didn’t count it, saying rents weren’t going up, and then when home prices started going down, they counted it. It’s the same with many things. It’s staggering some of the tortuous reasoning that the BLS has used over the past 25 or 30 years. When the price of gasoline goes up, they say it’s not really going up because it’s better gasoline, better quality, therefore you’re getting more for your money. I mean, it’s endless, the stuff that they say and for some reason people sit there, although more and more people are catching on, and accept what the government says.

source: www.clusterstock.com

Quote of the Week

"The primary function of a Central Bank is to engage in the massive transfer of wealth from the middle class to the wealthy elite. The Federal Reserve was set up to do this with the blessing and support of Congress." - Dave in Denver

If you refuse to believe the above, please read "The Creature From Jekyll Island: A Second Look at the Federal Reserve" by G. Edward Griffin and then explain to me why the Senate voted down the Vitter Amendment and Congress refuses to pass a law requiring a full audit of the Fed, even though the Fed is using taxpayer-backed money to bailout Wall Street and Europe.