SGM Metals LLC: Bernanke "FED NOT Regular Central Bank, But A Govt Agency"?!?!?

Aug. 16, 2012 - PRLog -- Infowars.com reports: [ Ron Paul, author of the Federal Reserve Transparency Act of 2012 (HR459) that will subject Bernanke & the privately-owned Federal Reserve Bank to a monetary audit policy has seen much support from his peers on Capitol Hill. The House of Representatives passed 327 – 98 on a vote last week which exceeded the necessary 2/3rd majority.

Bernanke, trying to deter the US Congress from digging into the private matters of the Fed, told House lawmakers that this legislation would allow a “nightmare scenario” of political meddling in monetary policy making. How pretentious of this head of the global Elite banking cartel to say that American representatives would be fumbling idiots meandering about in the matters of private shareholders being forced to disclose their agendas regarding our money system.

Paul, who is pushing for “transparency” in America’s relationship with the Fed, said that Americans are “sick & tired of what happened in the bailout & where the wealthy got bailed out & the poor lost their jobs & they lost their homes.”

Back in March, Bernanke lectured at the George Washington University in a propaganda stunt to reaffirm to the younger generations that the Federal Reserve is necessary & integral to the US monetary future. Bernanke claimed that “a central bank is not an ordinary commercial bank, but a government agency.”

By fabricating the factual need of the Fed as a cornerstone of our currency system, Bernanke tried to coerce the public on the benefits of the Fed. Dennis Kucinich said that “it’s time that we stood up to the Federal Reserve that right now acts like some kind of high, exalted priesthood, unaccountable to democracy.”

Paul wants to show the American public that their hard-earned money is going into off-shore accounts to support the global central banking cartels & fund their agendas. The focus is on the 2007 – 2009 “recession” that has laid the groundwork for hyper-inflation in the near future.

The Audit legislation will direct the Government Accountability Office (GAO), which is an independent congressional agency, to oversee a full review of the Fed’s monetary policy while conducting an audit of them & their decisions will be turned over to the Federal Open Market Committee.

Harry Reid said: “It’s taxpayer’s money that’s being used there but we don’t do that. Senator Dorgan has spoke out on the secrecy of the Federal Reserve System. He’s spoken out on the Federal Reserve more than anyone that I know in either body. But even though there is no entity in the world that controls our lives more than the Federal Reserve System, his speeches go unnoticed I’m sorry to say.”

It is Reid’s contention that the Fed “effect government, because of the money that government’s borrow.” Since the US government allows this privately-owned bank to sell them their currency instead of printing it themselves as is allowed by the US Constitution, give the Fed & central banking cartels rule over the American public through the ruse of taxation & the bull-dog collection agency known as the Internal Revenue Service (IRS). It appears that although Reid was once in support of this type of legislation, he is clearly not today as he has stated emphatically that the bill will be killed in the Senate.

Because of the central banking cartel’s takeover of the American people in 1913 with the signing of the Federal Reserve Act; which led to the monetary enslavement we are witnessing today as well as the transformation of America from a Constitutional Republic into a nation of serfs who are tied to the conspiratorial endeavors of the global Elite.

Obama has made it clear that he believes the legislation is a “really, really bad idea.”

In the words of Timothy Geithner, former US Treasury Secretary, asserted that an audit of the Fed is a “line that we don’t want to cross” & that if the American people successfully audit the Fed it would be “problematic for the country.”

As former head of the New York Fed, Geithner is doing a good job supporting the supposition Bernanke would like us all to believe – that somehow the central bank that caused this economic mess will be the only force to get us out. However, liberating the American public from debt slavery is not in the best interest of the privately owned bank. It is doubtful that the saving grace will befall from Bernanke or his laky, Geithner.

None of this true. It is the opposite – that the central banker need the American public to survive & without us, they will perish.

A revolutionary thought is that we could just create an alternative monetary system, stop using the Fed’s fiat currency & liberate ourselves from feudal slavery. That reality could happen tomorrow, if only with the accord of the American public that we are truly tired of being debt slaves to a system that is no more based in fact than the paper the US dollar is printed on.]

HR459 is the legacy piece of legislation that the great Dr. Ron Paul is leaving the nation with as he exits a four decade long career of fighting to preserve the Constitution. The founders created a system that granted the power to create the currency of the land directly in the hands of the government of the people, by the people in order to protect the nation moving toward the tyrannical inevitability that comes when a nation surrenders their right to create their currency & forfeits it to a private bank who’s intentions are inherently different from those of the nation. When the private bank is given permission to lend every single penny that is created at interest, you have a pretty good racket. So you have a wet dream where the govt. always wants to have endless monies at their disposal & they simply need to turn on their citizens & raise taxes to cover the interest payments, there seems to be nothing to act as a conscience for those in charge as there are no more checks & balances in place to restrain spending.

Enter HR459. This may be the final hope to get a peek inside the biggest loan shark in history. Notice that Ron Paul has been the sole voice in the dark for decades who has had the backbone to stand up to this back room deal making system that has funneled  $17 TRILLION to private EU banks since the housing crash began & this was all done without our knowledge, NOT EVEN THE US CONGRESS KNEW ABOUT IT!!! Once Ron Paul is gone I fear that there will be not one politician that will have the back bone to challenge the system so we must make this attempt successful or suffer a future with no oversight. So if we have a system that not only is wholly against what the founding fathers clearly laid out as the source of our nations money, but it also at its own discretion doles out TRILLIONS of our money that we as citizens are responsible to repay in future taxes, don’t you think it may be in the nations interest to be able to audit them in order to gauge what has been done thus far? Unfortunately this probably won’t pass into law & we will never get to know what is being done by the back room power brokers who control the worlds reserve currency. The next best idea in order to insulate your net worth from the disaster that is brewing, is simply remove yourself from the collateral damage zone by getting out of the dollar with at least a portion of your assets. The next layer of insulation will come from the only money that can’t be printed to the point of becoming worthless, gold & silver bullion. Establish your “Plan B” in physical gold & silver bullion and watch the unsupervised endless fiat money get printed, that will be tossed into the fractional reserve leverage machine created by the banks & Wall Street, which will destroy the purchasing power of the dollar at an ever faster rate than we have ever seen in history. Remember that it is a far better strategy to PREPARE your portfolio before the damage begins, rather than rushing to REPAIR your portfolio once the collateral damage has swallowed you whole. Tick, tock.