Fed Chairman Ben Bernanke: What A Fool Believes

Federal Reserve "Propaganda" Curriculum Aimed at High Schools 

Written by Alex Newman

Monday, 19 March 2012 15:01 As the Federal Reserve came under increasing scrutiny by outraged lawmakers and the public in recent years, it hired a lobbyist to defend its controversial secrecy and produced propaganda-filled comic books aimed at young children. It even sought to develop a tool to spy on concerned citizens over the Internet. Now, as the anti-Fed outcry continues to grow, the embattled central bank has another dubious public-relations ploy in the works: reaching out to high-school students. As part of the new scheme, functionaries at the St. Louis Fed branch recently developed a curriculum for what they call an “economic education.” The course, posted online at a Fed-run “education” website, is designed to convince young Americans of the controversial institution’s supposed necessity and its alleged constitutionality. Of course, the lesson plan makes no mention of the fact that the privately owned Fed is actually nothing more than a banking cartel — let alone that all of the fiat currency it creates is issued as debt with impossible-to-pay interest attached. Critics promptly lambasted the idea. “It now appears that the propaganda masters at the Office of Central Planning have decided to go for young American minds while they are still pliable,” noted a recent article about the new scheme on the financial analysis site ZeroHedge. The piece, entitled “Fed to Take Propaganda to the Schoolroom: Will Teach Grade 8-12 Students about Constitutionality Of... The Fed,” blasted the curriculum as an effort to fill the minds of children with “dogmatic propaganda.” “It appears that as part of its reenactment of Goebbels ‘economic education’ curriculum, the Fed will now directly appeal to 8-12 grade students, in which it will elucidate on the premise of ‘Constitutionality of a Central Bank,’” the blistering report observed, adding, “You know — just in case said young (and soon to be very unemployed) minds get ideas that heaven forbid, the master bank running the US is not exactly constitutional.” Please READ MORE here ___________________________ Bernanke Defends Country's Break With Gold Standard By Kristina Peterson Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Federal Reserve Chairman Ben Bernanke, addressing calls from some politicians to have the U.S. return to the gold standard, defended the country's break with the policy Tuesday at the first of his four lectures at George Washington University. Bernanke explained to a packed lecture hall why a gold standard harmed the global economy during the Great Depression. Some recent critics of the Fed, most notably GOP presidential candidate Rep. Ron Paul of Texas, have pushed to return to the gold standard, in which paper money is backed by gold. The U.S. was on the gold standard between the Civil War until the 1930s, and the tie was fully severed by President Richard Nixon in 1971. The gold standard poses both practical and policy problems, Bernanke said. On the practical side, it can be a waste of resources to secure all the gold needed to back currency, moving it from South Africa to the Federal Reserve Bank of New York's basement, for example, or as he put it, "all this gold is being dug up and being put back into another hole." More significantly, a country on a gold standard will see more short-term volatility, Bernanke said. "Since the gold standard determines the money supply, there's not much scope for the central bank to use monetary policy to stabilize the economy," he said. Bernanke noted the gold standard did not prevent frequent financial panics. During the Great Depression, "policy errors" in the United States spread to other countries that were also on the gold standard, Bernanke said. Countries on the gold standard must maintain fixed exchange rates, making it easy for bad policies in one country to spread to another on the gold standard, he noted. One modern example of the inherent problems of the gold standard is China's fixed currency, Bernanke said. Because China ties its currency to that of the U.S., China could be impacted by changes the Fed makes to short-term interest rates. "If the Fed lowers interest rates and stimulates the U.S. economy, that means also that essentially monetary policy becomes easier in China as well," Bernanke said. "China may experience inflation because it's tied to U.S. monetary policy." The central banker did say that China's currency has become "more flexible lately." While Bernanke acknowledged that over decades, prices are very stable in countries using the gold standard, they can experience both periods of deflation and inflation in the medium run. And if not "perfectly credible," the gold standard can be subject to speculative attack and ultimately collapse as people try to exchange paper money for gold. Part of why the Fed failed in its managing of the Great Depression was its attempts to stay on the gold standard, he noted. One of Franklin Delano Roosevelt's most successful moves as president was to begin to take the country off the gold standard, he said. One reason that critics push to return to the gold standard is they want to remove some "discretion" from the Fed, Bernanke said in response to a question from Noah Wiviott, a senior at George Washington. A country with a gold standard "doesn't allow the central bank to respond with monetary policy," he said. ___________________________

Ben, you bumbling idiot, have you ever stopped to think, for even a brief moment, that America would be better off today without your Federal Reserve's repressive monetary policy?

Does it make ANY sense that a nation with the CONSTITUTIONAL AUTHORITY to coin money, borrows money [with interest] from a private for profit banking cartel to fund it's government?

In the almost 100 years since it's inception, the CONSTITUTIONALLY ILLEGAL Federal Reserve's "monetary policy" has only succeeded in destroying this once great nations wealth.  It has done NOTHING to enrich America in any way, shape, or form.  Only a fool would believe otherwise.

You can take you monetary police Mr. Bernanke and put it deeply "where the sun don't shine."

Try as you might to brainwash the youth of this nation, it is they who will see clearly through your BS and inevitably call for your useless institutions destruction and the salvation of this once proud and wealthy nation.

The clear and blatant theft of the wealth of America by your banking cartel will "soon enough" be stopped, and the Federal Reserve will be felled by a "silver bullet" shot at the Achilles Heel of your sick and twisted institution.

The Silver Bullet, a shot heard round the world that shall be by the people, for the people and of the people, and destroy your crony monetary policy once and forever.

The great Ron Paul has fired the first "Silver Bullet" at Bernanke and Co.:

Ron Paul Holds Up Silver Ounce and Tells Bernanke He's Killing the Dollar 2/29/12

SILVER is The Achilles’ Heel to the ENTIRE ECONOMIC SYSTEM ***(Must Watch!)***
by brotherjohnf on Wednesday, March 21st, 2012

http://Silver-Investor.com
This video came from the heart, please pass it along if you see fit.

Thanks again to BrotherJohnF,
Here is the link to his original video:

http://www.youtube.com/watch?v=eAy3tq0c9AU

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