Bernanke Issues a Warning to Congress: Is the Fed Getting too Political?

Thomas Jefferson said in 1802:
I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive
the people of all property - until their children wake-up homeless on the continent their fathers conquered.

Until Ron Paul or someone who has the balls to end the fed gets into office, I am keeping my money in gold and silver and not spending it into the economy. It doesn't make sense for me, as a retired person, to spend money on worthless crap if the government is going to keep taking it from me by printing dollars and lowering the value of each of them.

"Blowout January jobs report" You must be kidding. 1.2 million people fell from the labor force while its participation rate fell to a record low 63%.

I bet if he unexpectedly raised rates a notch he would get their attention. The fed has the power to force the hand if it sees fit. The fed has already done too much

Easy answer. First government stop spending more than they take in, second end the fed go back to currency backed up by hard assets. Deficit spending, devaluing our currency is an enormous hidden tax that devalues our paychecks and our savings.
Now for a radical thought, prosperity comes from sound money, savings and fiscal responsibility. Who would have thunk it?

FED manipulation is totaly screwing seniors' fixed income savings, while rewarding corrupt banksters and deadbeat homeowners!
How are people supposed to plan longterm when they don't know if 30yr mortgages are going to be 3% or 7%, and CDs are going to be 5% or 1%?
Do seniors and homebuyers now have to time the markets? Nice policy !!!

The Feds do a constant ebb and flow against the Euro to prop it up. As the dollar gains on the Euro, the Feds offsets the gains by increasing the money supply. As the problems persist in Europe, the Feds constantly has to manipulate the currency not to allow the dollar to gain strength. I disagree with them artificially keeping interest rates low, as this disrupts the free markets, and artificially offsets the checks and balances Capitalism was the basis of.

For those who don't know what Volker did... he raise interest rates to 19% to save the dollar, lots of people lost their homes, but it reset the market and kick started the economy.

"Give me control of a nation's money
and I care not who makes the laws."

-Mayer Amschel Rothschild

The reason we're in trouble in the US is the Federal Reserve. They were formed to protect the interest of the banks. They were formed by the wealthy bankers back in 1913 and they've been screwing the taxpayers ever since. They get the Treasury to print money and give it to the banks at no interest. The banks turn around and buy US Securities, dah!
This stimulous scam when Obama took office. Does anyone really believe banks were in trouble? Again they ask the FEDs for money they get it. They pay no interest. They can loan out 10X what they have in assets. The FEDs caused Congress to borrow. They killed the dollar back in the 30's when they changed from Silver Certificate to Federal Reserve Note. That meant Congress could now spend what wasn't backed by precious metal. One more thing, The FEDs are owned by the banks!
So you get rid of the FEDs, like JFK tried to, and we'll get out of debt. Keep the FEDs and the debt will always be here because that's what they want, to control the money supple.

Message to Fed. 1. Stop bloading the nation's money supply and creating counterfeit wealth. 2. Your QE2 ended in June and now unemployment, stocks and the economy is beginning to improve. 3. When a coffee salesman CEO at Starbucks makes 65 million in 1 year and the president of the United States makes 400k, you begin to realize the magnitude of the screwups your policies have created.

IMessage to Bernacke: If you really want to help, drain the swamp of the bloated worthless paper you created over the last 15 years and return true wealth the the American people that earned it.

END THE FED

The FED has ALWAYS been political, it just hasn't been as PUBLICLY POLITICAL as it is now because it is being empowered by politicians. Bankster bernanke needs to be SHUT DOWN!@

The Treasury Dept is supposed to be in charge of the nations money supply, NOT SOME PRIVATE BANKING CONGLOMERATE !

Well, his interest rate policy is stealing 1/3 of my income, so I think he's doing WAY too much.

Matt. You just figured this out now? As usual, you;re a little behind the curve. The FED was getting too political the second Helicopter Ben stood in front of the camera and spoke of QE1

the question is not too much or too little. It is a question of addressing the correct problem(s). Too big to fail, a concept that was universally admitted, has been completely ignored, and the five largest banks who before the financial crisis hit represented around 8% of the market, now represent close to 13% of the market. Trading in exotic financial instruments continues unabated. Corporations continue to be viewed as people, wshen they are clearly not. we gotta change the agenda of discussion.

When Bernanke is part of the problem here...loaning money to banks at 0% so they can loan it back to the Treasury/taxpayer and make a risk free profit. And he has the nads to lecture Congress?

Bernanke please resign!!!! In your regime congress could not balance the budget and you are encouraging congress to to run on more deficit, not a good fed policy. Your policy of devaluing dollar and print more money will hurt everybody. Their standard of living will go down. You are killing retired peolple on interest rates.

End the (un)Federal Reserve and its illegal enforcer, the IRS. Vote Ron Paul!

None of them have a clue!