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Reserve Tyrant

03 October 2012 @ 14:46

In our justified constant criticisms of the clearly un-Constitutional actions of the national Executive, Legislative, and Judicial Branches, we often forget that the Federal Reserve is a run by a Tyrant.

The latest from Comrade Ben Bernanke, courtesy of CBS-DC:

The chairman cautioned Congress against adopting a law that would allow it to review the Fed’s interest-rate policy discussions. The House has passed legislation to broaden Congress’ investigative authority over the Fed and allow a review of its interest-rate policymaking. The Senate hasn’t adopted the bill.

Bernanke warned that such a step would improperly inject political pressure into the Fed’s private deliberations and affect the officials’ decisions.

Smitty has details and analysis here.

Sorry Comrade, we the people, through our representatives in the Congress are your bosses and if we want to ‘look at the books’ then you damn well better cooperate.

If Bernanke resists any of these laws if they are passed, then he must be removed from office. Can he be impeached? If not, then why the Hell not? Is this not a Constitutional Republic?

  1. M. Thompson permalink
    03 October 2012 @ 17:55 17:55

    Over the Federal Government, I’d say Congress has the power to demand any information, simply from the power of the purse. And woe betide him that forgets.

    • 04 October 2012 @ 21:24 21:24

      Now if we could just get the Congress to do it’s duty in this matter and in impeaching Obama for his exec orders.

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