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By Grant Lawrence (Reporter)
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Bernanke Jokes, The Fed Works for the Public Good

Saturday, November 5, 2011 0:02

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(Before It's News)

Grant Lawrence–Bodhi Thunder

“What we were doing was trying to protect the financial system in order to prevent a serious collapse of both the financial system and the American economy…Not everybody understands that, and therefore they sometimes misunderstand our motives. Our motives are strictly to do what’s in the interest of the broad public”…cnn.com Federal Reserve Chairman Ben “Funny Man” Bernanke

Obviously, Bernanke must be joking.

Recently I reported that the Federal Reserve just put the American public on the hook for more probable trillions of dollars in another bankster scam.

…William Black, author of “The Best Way to Rob a Bank is to Own One” and white collar criminologist, wants the American public to know that the Federal Reserve has just put them on the hook for billions and perhaps trillions of more Bankster debt. He discussed this disturbing news recently on a Democracy Now broadcast (see below).

The Federal Reserve, according to Black, has allowed Merrill Lynch to transfer their bad derivatives to Bank of America, thus putting the American people on the hook for the debt.

….on Bank of America, because it just broke yesterday that affiliates of Bank of America—this is Merrill Lynch—with really bad derivatives, has been allowed by the Federal Reserve to transfer perhaps many billions, or perhaps even trillions—we don’t know—of these derivatives to Bank of America, which is where we come in as a federal guarantee, and it puts us on the hook as the government. This is obscene public policy, the kind that would have never been permitted in our era. And now, under a Democratic president that rails about excess influence and not putting the taxpayers at risk, that’s exactly what they’re doing….bodhi thunder

Bernanke is a jokster. Unfortunately the joke is on the American people.

…The Federal Reserve not only crashed the economy of the world by not adequately monitoring the banking system and by promoting reckless banking behavior, the Fed also gave away trillions of dollars in bailouts to wealthy corporations.

The first ever GAO(Government Accountability Office) audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal Reserve audit in the Senate, but watered down the original language of the house bill(HR1207), so that a complete audit would not be carried out. Ben Bernanke(pictured to the left), Alan Greenspan, and various other bankers vehemently opposed the audit and lied to Congress about the effects an audit would have on markets. Nevertheless, the results of the first audit in the Federal Reserve’s nearly 100 year history were posted on Senator Sander’s webpage earlier this morning: http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3

What was revealed in the audit was startling: $16,000,000,000,000.00 had been secretly given out to US banks and corporations and foreign banks everywhere from France to Scotland. From the period between December 2007 and June 2010, the Federal Reserve had secretly bailed out many of the world’s banks, corporations, and governments. The Federal Reserve likes to refer to these secret bailouts as an all-inclusive loan program, but virtually none of the money has been returned and it was loaned out at 0% interest. Why the Federal Reserve had never been public about this or even informed the United States Congress about the $16 trillion dollar bailout is obvious — the American public would have been outraged to find out that the Federal Reserve bailed out foreign banks while Americans were struggling to find jobs….unelected.org

Read MORE Here

Yep, Bernanke must be joking because he can’t be serious.

In reality the Fed is purposely promoting the Fascist Privatization of the world.

Here is the simple game plan.