Bernanke says Occupy Wall Street misunderstands Fed

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CNN
November 3, 2011

America’s top central banker “sympathizes” with the Occupy Wall Street protesters and thinks many of their frustrations with the sluggish economy are “understandable.”

But there’s one complaint Ben Bernanke does take issue with: the backlash against the Federal Reserve.

“I think that the concerns about the Fed are based on misconceptions,” he said at his news conference Wednesday.

The Occupy Wall Street protests, which started in New York in September and have since spread around the world, are known for their ever-evolving and diverse list of grievances. Among them are the common themes of distaste for the banking system and frustration with government.

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59 Responses to “Bernanke says Occupy Wall Street misunderstands Fed”

  1. He talks pretty good for having a puppet masters hand up his ass.

    Quantummonkeybutt Reply:
    November 3rd, 2011 at 9:18 am

    I’m Inspired…If I May Please Add A Visual Aid, sheeple???

    (www.) youtube.com/watch?v=6ArFSoYHSxsfeature=related

    QMB
    tear
    jerk

  2. What “misconceptions”? You are not “Federal”, you have an ILLEGAL charter, you lied to the people and continue to. You ILLEGALY bankrupted America between 13′-33′. The “money” you print does not stand up to the definition of “money” and has NO backing or value. It is FIAT CURRENCY.
    You use that ILLEGAL money to collapse other countries and governments by manipulating its value and use it to manipulate the markets.

  3. If “misconceptions” mean lies, cheating and stealing, then Fozzy the Bear is correct! Fucker!

    Super Duper Man 1776 Reply:
    November 3rd, 2011 at 9:02 am

    SURE WE GOT IT WRONG.

    SOMONE FROM A PRIVATE BANK STEALING 33% OF EVERYTHING WE MAKE ALL OUR LIVES.

    AND WE GOT IT ALL WRONG.

    Chrisballs Reply:
    November 3rd, 2011 at 12:30 pm

    You better sit down and postulate that for a few minutes, it’s about double that figure. Remember; nothing “private” is taxable and, nothing in America is taxable in general, only import/export. Knowing that that is not how it really is, but how it is supposed to be,………give it some more thought.

    wiggins Reply:
    November 3rd, 2011 at 12:40 pm

    Some people work it out for themselves, but you are going to get the full might of the ‘establishment’ thrown at you….hey! they don’t like piss takers. But, after you beat them in court – and beat them you will if you keep your nerve – they mark you down as a one off loony. Carry on…….

    Super Duper Man 1776 Reply:
    November 3rd, 2011 at 12:42 pm

    I OWN MY OWN BIZ, THEY TAKE 33%

    GO SUCK AN EGG.

    Chrisballs Reply:
    November 3rd, 2011 at 12:58 pm

    O.K., when you step out of your four walled world and enumerate…..got a car,? gas tax, excise tax. Smoke,? tax. Eat,? tax. License of any kid,? tax (fee). Ever do attions to your house or repairs,? falls under “license” (permit), tax. Do I really need to open your eyes? Really?
    You own your own buisiness? Really? Step back; if you “do business” with the Government, have your business registered, pay tax, collect tax (illegally by the way as you are not a “registered tax collector” I can almost guarantee you. By your posts, I can guarantee it.) then you do not “own” your company. You are permitted to “operate” it under federal jurisdiction. Still no? Your business address in a “zip-code”? Uh-Oh, admitted Federal Property. Use a SS#? Oh damn, sorry, you are acting in the capacity of a federal officer. Again, federal jurisdiction, 24/7.
    Even better, what happens if you don’t pay tax on your business? I bet they come close your ass down and liquidate it. Huh, gee, nothing “private” is taxable. Go ahead, read the “code”. Well if nothing “private” is taxable and, you have to pay tax on your business,…..Hmmmm, sombody help me here….

    Chrisballs Reply:
    November 3rd, 2011 at 1:27 pm

    •”The true foundation of republican government is the equal right of every citizen in his person and property and in their management.” –Thomas Jefferson to Samuel Kercheval, 1816. ME 15:36
    •”Nothing is ours, which another may deprive us of.” –Thomas Jefferson to Maria Cosway, 1786. ME 5:440
    •”By nature’s law, every man has a right to seize and retake by force his own property taken from him by another by force or fraud. Nor is this natural right among the first which is taken into the hands of regular government after it is instituted. It was long retained by our ancestors. It was a part of their common law, laid down in their books, recognized by all the authorities, and regulated as to circumstances of practice.” –Thomas Jefferson: Batture at New Orleans, 1812. ME 18:104

    patrick gragg Reply:
    November 3rd, 2011 at 2:07 pm

    why do you let them?

    Peter Wolf Reply:
    November 3rd, 2011 at 4:15 pm

    Registering your car or business with a govt agency is quite simply a transfer of ownership of your property to them which allows them the right of seizure of property that you think is yours.If it was private property then they cant touch it.A registration of birth through signing a birth certificate is transfer of ownership of yourself to the United States Corporation and you are registered to the corporation as collateral* or/and chattel that is property of the United States Corporation.

    Everyone or the majority live under corporate law without even realising it.

    *Collateral that has a value based on your ability to generate income[taxation] for the United States Corporation over a set period of years.

  4. Aww…Bernanke is getting scared now. We are winning and he is trying to dissuade people from protesting against the Fed but still saying that it is understandable and ok to protest on Wall Street. Spoken like a true weasel. He’s basically saying, “You can protest on Wall Street, but stay the hell away from the Fed.” This just proves to everyone, who may still have doubts, that he is definitely hiding something and is getting scared. Otherwise, he could have just kept his mouth shut. HE’S SCARED AND WE ARE WINNING!! KEEP OCCUPYING THE FED RESERVE!!!! END THE FED!!! END THE FED!!! END THE FED!!!!

  5. the american people have you scumfucks figured out just fine …your totaly unamerican …you have done nothing but rip the american people off with your worthless money scam ….the federal reserve has a NWO agenda of hell on earth for all but the moneychanger scumfucks….you produce nothing and have never been an asset to anyone but the politiains you bribe in your special intrest unions of retards and demagods that make up your puppet DCgov…you constantly send our young to your false flag wars of deception to cover the real war mongers witch is the federal reserve and the NWO agenda of hell on earth ….america will be fine as soon as the federal reserve is done away with period we owe you parisites nothing …the money was nothing when it was made and we owe nothing in return but prison sentences for your terrorism on the american people and the murders of americans the feds are responsible for

    billp Reply:
    November 3rd, 2011 at 8:58 am

    Some people do have them figured out but a lot don’t. They view the protesters as wanting a free handout and are worried a lot about where they shower and use the restroom. They really believe that “work will make you free.” I guess they didn’t study history.

    ENSUINGANARCHY Reply:
    November 3rd, 2011 at 1:34 pm

    YEAAAAAAA WE WOULDENT WANT END THE FED SIGHNS IN PUBLIC PLACES ,TOO FUKIN LATE THEY KNOW WE KNOW THEY KNOW WE KNOW AND ARE TELLING EVERY
    ONE

  6. Bernanke the Rothschilds bitch,,,,,,,I wonder how he sleeps at night knowing he is a “Groom of the stool”,,,,,,,,,,,,,,

  7. You are not part of the United States government yet you portray yourself as a Federal institution.

    You have no oversight. We are not allowed to audit you.

    You are bank.

    What misconceptions do I have?

    What a tool.

  8. No I think you, Ben Bernanke, have misconceptions. We know all about the Fed.

    And you should be worried. We are just about to FIRE your ass. But first, we have to get you to answer some questions:

    AUDIT THE FED

    Chrisballs Reply:
    November 3rd, 2011 at 10:19 am

    No, burn him! He’s a witch!

  9. What happened to the money Ben Benacke ?, Oh you won’t tell who got it , duh . No misconception there , stealing 2 trill plus .

  10. Stand back ! Let me at that pussy bitch !

    Chrisballs Reply:
    November 3rd, 2011 at 12:30 pm

    Get in line.

  11. Not only does Vampire Ben have immunity to oversight, transparency and comprehensive audits, but he also enjoys the requirement of all congressional questions on these matters
    to be thoroughly screened in advance.

    For example, remember the Fall of the Republic documentary, when one of the congressmen ( I forget who ) asks Bernacke :
    “Can you tell us where the money went ?” … and Ben’s
    answer was “No I can’t.”

    That is hogwash, pure and simple to see through the blatant
    suspiciousness of this contrived word exchange.

    The congressman should have asked Bernacke :
    “Will you tell us where the money went ?”

    “No I won’t” would imply a willfull refusal to answer the question, and would have made Bernacke appear to be
    obstructing justice.

    Pretty slick, snide character, that Vampire Ben.
    Pretty stupid too.

    Chrisballs Reply:
    November 3rd, 2011 at 10:17 am

    This “co*k-su*ker”, little makes me as angry as this. The Fed Reserve IS the root of all our problems. Occupy Wall Street? Although every one of them knew what they were doing, and should suffer, it is not their direct fault. What Wall Street did was by ORDER OF THE FED GOV AND FED RESERVE which is, one in the same.

    Not accountable? NO, the Fed is not. It is in the banking contract and specifically addresses that there is NO FEDERAL OVERSIGHT in any way shape or form. They weren’t stupid. They “protected” them selves.
    Ben, the issue for you is; your “contract” is not with the people. It is illegal and created through FRAUD! NO Congress or President had the authority to grant you charter. NO CONGRESS OR PRESIDENT HAD THE AUTHORITY TO BRING THE FED RESERVE INTO EXISTANCE!!!!
    You MUST BE HUNG BY THE NECK UNTIL DEAD BY THE AMERICAN PEOPLE AS AN EXAMPLE TO ALL OTHER PRIVATE BANKS THAT INTEND ON COLLAPSING A COUNTRY AND ENSLAVING ITS PEOPLE! YOU MUST SWING WITH TIM-EH! YOU MUST BE HUNG IN PUBLIC IN FRONT OF THE N.Y. FED.
    Woe be to any lawyer or attorney that attempts to defend you with lies from a contract that DOES NOT EXIST!
    Some one send a letter to the DHS, is this phuck even an American Citizen? Hey! I See Something!!!!! I see dead people…..

  12. why listen to helicopter he is up his delusional ass if they should let him parachute out of helicopter with out his yellow parachute and see what happens oops it is not invulnerable as it thought it was

  13. Bernanke says Occupy Wall Street misunderstands Fed
    ==================================

    With all that Bernanke has totally fucked up concerning financial matters, the question should be,

    ========== DOES BERNANKE UNDERSTAND THE FED ????? =====================

    The answer is a resounding…..FUCK NO!

    Bravo2………out

    Chrisballs Reply:
    November 3rd, 2011 at 12:42 pm

    Oh he most certainly does. You see it in his face when he dodges questions with unrelevant answers, how he chooses his word play and fall back misleadings. You see him sweat sometimes. I bet that metro-sexual doesn’t sweat from a hard ass pounding.
    He knows CLEARLY what the Fed is and does.
    Greenspan and Paulson kept cool. They were still believing the American people were clueless in the world of their Money Mechanics and the treasonous laws and acts they hide behind.
    Ole’ Ben is positively worried.

    You know what,? I’d bet a constitutional dollar that he cracks soon and, “they” dispose of his ass in some sort of accident with a prostitute, a bag of blow and a Milwaukee strap-on.

    Dear Santa,
    All I really, really want for Christmas is to see Ben hung by the neck by the people.

    Chrisballs Reply:
    November 3rd, 2011 at 12:44 pm

    …and a Red Ryder BB Gun with a compass and a thing in the stock that tells time…..

  14. Ok, so lets break down what he said ” 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. However the steps you took protected the financial system and not the American economy. So we can see where the priority was.

  15. How about this, Protect the American economy by allowing the free markets to work as they should and it will dictate what the financial system is.

  16. He is absolutely right. The misconception is that too much emphasis are place on the role of the fed and not enough on the role of “our” government. For the people????

  17. This is what happens when you attempt to defend your position and who you work for when you cant defend your position and who you work.Bernanke talks out of the side of his mouth.

    Noone wants or needs these filthy NWO/FEDRES scam artist cockroaches.

    Bankers have to live somewhere and no doubt ewhen TSHTF Bernanke will run away back to Israel.

  18. The FEDRES is the banking division of the United States Corporation so although the FEDRES needs to be got rid of there is more to deal with once they are sorted out.

  19. Does anyone outside the Fed really know what they are doing? A question, if you do.

    The scenario:

    The Federal Reserve Bank buys $100 Billion of U.S. Treasury Bonds by printing the cash for the bonds ( or electronic credit or however they create the money). When the bond matures and the U.S. Treasury pays off the loan, what happens then?

    Does the Fed now have $100 Billion, plus interest, in cash? Or just the interest earned on the bonds?

    Is it possible that when they create 100`s of billions of dollars (trillions actually) in new money that ALL of that money eventually ends up in their accounts? Not just the interest.

    Does anyone know?

    between_the_lines Reply:
    November 3rd, 2011 at 12:53 pm

    beigeblends: “Is it possible that when they create 100`s of billions of dollars (trillions actually) in new money that ALL of that money eventually ends up in their accounts? ”

    between_the_lines: Yes it does.
    It just like when lesser banks create money using the fractional reserve system, when it’s repaid it’s theirs. As well as the interest.
    The “Federal”-Reserve’s parasitic private-currency-creation-out-of-thin-air scam can be spun as fractional-reserve banking with a 0 to ∞ reserve rato, rather than the usual 1 to 10 reserve ratio imposed on lesser banks. So if we outlaw fractional-reserve banking defined that way, we can throw the counterfeit-currency-creation banks out along with all the rest of the counterfeit-currency-cloning banks at one fell swoop!

    beigeblends: Not just the interest.

    between_the_lines: Part of the “profits” of the operation of the 12 “Federal”-Reserve banks is paid to the US Treasury. This allows the Brítísh-Yíddísh owners of the banks the spin their parasitic Ponzi scheme to the natives, as a charitable non-profit operation. Their trick is: ONLY the INTEREST is regarded as profit, the CAPITAL GAINS on creating the PRINCIPAL out of thin air is theirs to keep free!
    This ensures the national debt always exceed the money supply, in nations hosting the parasite.

    beigeblends Reply:
    November 3rd, 2011 at 3:10 pm

    I sat reading your reply nervously laughing. If you are right, it is much much much worse than I ever imagined. How did those amazing crooks ever manage to pull off such a blatant and ongoing gigantic theft? And it`s all legal? Amazing, simply amazing.

    If they have been creating trillions of dollars out of thin air for decades, and it ultimately all ends up in their accounts, just think of the incredible (brutal) power that money gives them. They literally have billions to spread around, to buy whatever they want. And they`re still trillionaires.

    No wonder they will not allow the Fed to be audited. Ron Paul is a VERY BRAVE PATRIOT.

    Is are military brass bought off too, do you think?

    Chrisballs Reply:
    November 3rd, 2011 at 1:48 pm

    Read “Money Mechanics”.
    The U.S. Treasury never pays off the loan. They (we) only pay the interest and, since the interest does not physically exist (if we “borrow” $100B, there is interest. Where does the money to pay the interest come from? ) we need to borrow more.

    But it gets better because, the “cash” the banks get in their vault to “lend” out, the generally are able to lend out 9 times the actual amount they have, with interest. $100B becomes $900B but, they need to keep a minimum of a physical 10% of what is loaned.

    Say the interest on $100B is 10%, now the have $810B to lend out at 10%, that 10% doesn’t exist……so we have to borrow again, at 10% (just for example) and the process repeats.
    Guess what that does to an economy? No guessing, just read the news.

    That’s the simple version.

  20. “Does the Fed now have $100 Billion, plus interest, in cash? Or just the interest earned on the bonds?”

    Both as they dont lose the 100 billion that they invested but they were or are banking on the US economy completely collapsing so that the bonds dont reach maturity and yield dividends and when that happens they seize assets and collateral as the bonds are offset against assets and collateral as security or they will be in this instance as the point of it is the bonds cost the FEDRES nothing to buy but its another way of them being able to consolidate their wealth and assets and control.

    between_the_lines Reply:
    November 3rd, 2011 at 2:43 pm

    Peter Wolf re the “Federal”-Reserve banks:
    “they dont lose the 100 billion that they invested”

    between_the_lines: True. I would go further and say: “they CAN’T possibly lose the 100 billion that they invested, because they CREATED it out of thin air”

  21. He is a money changer of the worst sort! END THE FED!

  22. bernanke: Federal Reserve “trying to protect the financial system in order to prevent a serious collapse of both the financial system and the American economy”

    between_the_lines: LOL! ☺
    The EXISTENCE of the 12 “Federal”-Reserve banks and private currency is the CAUSE of the “serious collapse of both the financial system and the American economy”.

  23. As far as the OWS movement goes it has become infiltrated with communists which are the same people who control the International Monetary Fund.

    As far as understanding the Federal Reserve quite simply they have been looting Our Treasury and as if stealing 42% of all Our tax revenues isn’t enough still beg for bailouts and confiscation of everything we own.

    Repudiate the National debt and confiscate every assett of the Federal Reserve putting it all into the General Fund.

    If We do pay China then first deduct all the stolen technology, patents, copywrite thefts and damages from all the defective and poisonuos products.

  24. Sorry…..I should reiterate, you do not recognise the court (Admiralty Law.) You are not the ‘Strawman’ they have called before the court….simples

  25. Hey Ben, Is gold money?

    Chrisballs Reply:
    November 3rd, 2011 at 1:00 pm

    lmao!

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