You may well wonder where he got that idea, since there are no official estimates of gross domestic product (GDP) for years before 1929. In the early 1960s, however, John Kendrick and Simon Kuznets bravely attempted to construct such estimates for gross national product (GNP). That would be close enough to modern GDP data were it not for the primitive statistics and technology they had to work with.
Read More...
http://www.cato-at-liberty.org/2009/09/09/no-the-fed-did-not-stabilize-the-economy/
Showing posts with label Audit the Fed. Show all posts
Showing posts with label Audit the Fed. Show all posts
Saturday, November 21, 2009
Saturday, August 1, 2009
Audit the Fed Bill Will Not Pass
Will we ever get to see how much many trillions of dollars Bernanke printed and handed over to Goldman Sachs, JP Morgan, the Bank of England, and the US Treasury? Wouldn't it be nice to learn how the FOMC twisted the arms of banker executives and what the committee members had to say and how far they are willing to go to prevent the collpase of the Financial Cartel?
Well, it ain't gonna happen because all the forces of the three branches of government have WAY too much to lose. And no, the three branches of American government are not the Executive, Legislative, and Judicial like your Public School propoganda agent taught you. They are the Bureaucratic, Financial, and Corporate and they have ONE GOAL: Keep their system alive by ANY means possible.
A Fed audit would generate so much outrage that the system would collapse almost instantly out of sheer outrage.
So this is what will happen:
1. The Bill will never get out of Braney Frank's Committee
2. If it does and the House votes for it, the Senate will kill it
3. If the Senate votes for it (without neutering it) due to pressure from constituants, then Obama will veto it.
4. If Obama signs it then the GAO will half-ass the audit
5. If the GAO actually does their job then the Fed will simply shred the offending documents and cook the books.
Welcome to Amerika!
Well, it ain't gonna happen because all the forces of the three branches of government have WAY too much to lose. And no, the three branches of American government are not the Executive, Legislative, and Judicial like your Public School propoganda agent taught you. They are the Bureaucratic, Financial, and Corporate and they have ONE GOAL: Keep their system alive by ANY means possible.
A Fed audit would generate so much outrage that the system would collapse almost instantly out of sheer outrage.
So this is what will happen:
1. The Bill will never get out of Braney Frank's Committee
2. If it does and the House votes for it, the Senate will kill it
3. If the Senate votes for it (without neutering it) due to pressure from constituants, then Obama will veto it.
4. If Obama signs it then the GAO will half-ass the audit
5. If the GAO actually does their job then the Fed will simply shred the offending documents and cook the books.
Welcome to Amerika!
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