Dr. Robert Auerbach Calls Out Chairman Bernanke’s “Urban Legend”
On Oct. 4, as I described previously in my own review of the Domestic Monetary Policy Subcommittee hearing on Audit the Fed [VIDEO], Chairman Bernanke told Senator Mike Lee that his (and C4L's) concern about the "general veil of secrecy under which the Federal Reserve typically operates," was nothing more than an "urban legend."
In a write-up summarizing his testimony on Capitol Hill for Chairman Paul's subcommittee hearing on Audit the Fed, Dr. Robert Auerbach challenges the Fed's own "urban legend," namely that they are "thoroughly audited at this point." and "Nobody has found an impropriety."
Reading through Auerbach's testimony and his summary posted at HuffPo, there would appear to be plenty of corruption and deception at the Fed that Chairman Bernanke ought to familiarize himself with before accusing others of being misinformed.
I've included just a few of the gems below:
Billions of dollars can be made from inside information leaks from the Fed's monetary policy operations. One necessary step to stop leaks is to severely limit inside information on future Fed policy to a few Fed employees.
The dizzying display of either corruption or outright incompetence is astonishing to comprehend.
And these are the people who want "Independence" from the American people's oversight to continue doing what they do?
Americans need to rise up and demand full transparency and accountability at the Federal Reserve System.
To learn more about deception and corruption at the Fed, pick up a copy of Dr. Auerbach's book: Deception and Abuse at the Fed: Henry B. Gonzalez Battles Alan Greenspan's Bank.