------ Forwarded Message > From: "M. Johnson" <micha...@america.net> > Reply-To: <c...@yahoogroups.com> > Date: Wed, 24 Feb 2010 23:01:00 -0500 > To: <c...@yahoogroups.com> > Subject: [ctrl] Fed Chairman Bernanke Should Apologize to Ron Paul >
> > > > Fed Chairman Bernanke Should Apologize to Ron Paul > > It seems in vogue these days to apologize for wrong doings. I am not really > sure why Tiger Woods apologized on worldwide television to golfers, his wife, > his mother, to me, to you...to the entire world, for what appears a personal > matter, but I tell you who needs to apologize publicly is Federal Reserve > Chairman Ben Bernanke. He needs to apologize for his snarky, condescending > attitude toward Congressman Ron Paul when Paul , > > 1. asked Bernanke about allegations that the Federal Reserve was involved in > funneling money to Saddam Hussein, when Hussein was a favorite of the U.S., > > and > > 2. asked about allegations that the Fed was involved in transferring Watergate > money. > > Bernanke labeled the allegations "bizarre." > > Naturally, mainstream media took up on Bernanke's cue, and are reporting > Paul's allegations without the back story. Here is the back story. > > Fed chairman Bernanke simply doesn't know Fed history as well as Ron Paul (Or > the history conveniently slipped his memory). As far as Watergate, I always > thought it was pretty common knowledge that the money ended up in the > burglars' hands through some pretty fishy means. Even wikipedia has part of > the story > <http://en.wikipedia.org/w/index.php?title=Watergate_scandal&oldid=345698141> > : [Watergate burglar Bernard] Barker had attempted to disguise the origin of > the funds by depositing the donors' checks into bank accounts which (though > controlled by him), were located in banks outside of the United States. What > Barker, Liddy, and Sloan did not know was that the complete record of all such > transactions are held, after the funds cleared, for roughly six months. > Barker¹s use of foreign banks to deposit checks and withdraw the funds via > cashier¹s checks and money orders in April and May 1972 guaranteed that the > banks would keep the entire transaction record at least until October and > November 1972. > > Wikipedia, also states: Investigative examination of the bank records of a > Miami company run byWatergate burglar Bernard Barker > <http://en.wikipedia.org/wiki/Bernard_Barker> revealed that an account > controlled by him personally had deposited, and had transferred to it (through > the Federal Reserve Check Clearing System) the funds from these financial > instruments. > > Clearly, there were some very, very odd transactions that went down which may, > or may not, have been abnormally facilitated by the Fed. Was this a normal Fed > wire, or something more convoluted? My sense has always been that there was > something a bit extraordinary about the way the funds went through the Fed > system. It does smell, for sure, and to ask about it is not bizarre. It should > be noted that the Fed chairman at the time was Arthur Burns, who would have > sold his own children to a white slave ring if Nixon had asked. (In a recent > report <http://www.economicpolicyjournal.com/2010/02/block-party.html> by > Micahel Labeit, here at EconominPolicyJournal.com > <http://www.economicpolicyjurnal.com/> , Labeit details the speech of former > Columbia University PhD student Walter Block, who during the speech reminisced > about his years studying at the school , Block specifically recalled how > Arthur Burns in his class, instead of teaching, simply told stories of his > dinners with Nixon.) Note, I don't think Nixon, himself, necessarily asked > Burns to help in the transfer of the funds, but Burns would very likely have > responded positively to a request from a Nixon lieutenant, given his adoration > of Nixon. > > Here's the late investigative reporter Sherman Skolnick reporting > <http://www.beyondweird.com/conspiracy/cn09-07.html> on the documents the Fed > blocked Congress from seeing about its possible involvement with money sent to > Hussein: ....in October, 1990, at the time of the Persian Gulf conflict, there > was an unpublicized case in the Chicago Federal District Court (No. 90 C > 6863). The Illinois Bank Commissioner sought an injunction against the Federal > Reserve Board to stop them from turning over certain bank records to the House > Banking Committee. The records were those of the Chicago branch of Italy's > largest [bank], Banca Nazionale del Lavoro, owned in part by the Vatican. > Called BNL, it had records of Iraqi strongman Saddam Hussein and his secret > private joint business dealings with his partner, an American. A close crony > of the Federal Reserve, Chicago Federal District Judge Brian Barnett Duff, > ordered the return of any records from the Banking Committee, then headed by a > Democrat,Rep. Henry Gonzalez (D., Texas). The House Banking Committee was an > intervening party-litigant in the controversy. Judge Duff so opposed the House > Banking Committee's efforts to get those records, that the Judge would not > listen to the Committee's attorney; did not want the attorney in the Judge's > courtroom, the Judge calling him an 800 pound gorilla showing no respect for > the court. In May, 1991, right after the War ended in the Persian Gulf, the > case ended up in the Federal Appeals Court in Chicago; a court dominated by > Judges tied to the major banks and cronies of the Federal Reserve. > > From what I understand,the Illinois Bank Commissioner filed against the Fed at > the request of the Fed! What were they hiding? Ron Paul's question wasn't > bizarre, it was Chairman Bernanke's response that was bizarre, disrespectful > and out of order. It's time for an apology by Chairman Bernanke. And let's see > those Fed records about Hussein, the Chicago branch of BNL and the Fed! > > Bernanke's response of total ignorance reminds me of the time former Treasury > Secretary for Economic Policy, Phil Swagel told me > <http://www.economicpolicyjournal.com/2009/11/former-top-paulson-lieutenant-no > w-see.html> , with a straight face, he didn't know what a gold swap was. > > When it serves them, these guys have very forgetful memories. Thank the > heavens there are people like Ron Paul around to remind them. > > UPDATE Here's more on possible Fed involvment in the Watergate money. From > David T. Beito <http://hnn.us/blogs/entries/123737.html> (Via LRC): > > Well, it seems that Paul may have been onto something...or at the very least > raised legitimate questions that deserve investigation. A few minutes on > google news produced > <http://news.google.com/newspapers?nid=1368&dat=19820616&id=6dUVAAAAIBAJ&sjid= > GxIEAAAAIBAJ&pg=6977,2777644> this 1982 story from the Milwaukee Sentinel by > Richard Bradee of the paper's Washington Bureau "Police who searched the room > the Watergate burglars used found $4,200 in $100 dollar bills, all numbered in > sequence. Proxmire asked the Federal Reserve Board where the money came from. > As he explained in a letter to the late Rep. Wright Patman (D-Tex.), chairman > of the House Banking Committee: "I got the biggest run-around [from the > Federal Reserve] in years. They ducked, misled, lied, and gave me the idiot > treatment." > > > http://www.economicpolicyjournal.com/2010/02/its-time-for-apology-to-ron-paul. > html > > > ------ End of Forwarded Message
