Breaking: Bernanke Sends 'Thank You for Supporting Federal Reserve Secrecy' Letters to Key Congressmen -Full List!

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The Federal Reserve and Ben Bernanke are surrounded with controversy , for the 16+ Trillion provided to foreign banks, the 40 billion a month in stimulus money, and now this document is exposed. You be the judge.

Ben Bernanke “While the outcome of the vote was not in doubt, your willingness to stand up for the independence of the Federal Reserve is greatly appreciated,” Bernanke wrote in the letters, which were obtained by Politico through a Freedom of Information Act request.

Bernanke continued, “Independence in monetary policy operations is now the norm for central banks around the world — and it would be a grave mistake were Congress to reverse the protection it provided to the Federal Reserve more than 30 years ago.”

The letters were sent to Reps. Barney Frank, Elijah Cummings, Melvin Watt, Carolyn Maloney and Steny Hoyer.

The Government Accounting Office does not have complete access to all aspects of the Federal Reserve System. The law excludes the following areas from GAO inspections (31 USCA §714):

(1) transactions for or with a foreign central bank, government of a foreign country, or nonprivate international financing organization;

(2) deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, open market operations;

(3) transactions made under the direction of the Federal Open Market Committee; or

(4) a part of a discussion or communication among or between members of the Board of Governors and officers and employees of the Federal Reserve System related to items.

More Controversy: /fedgate/2012/09/the-federal-reserve-has-been-given-police-powers-with-glock-22s-and-patrol-cars-why-video-2431976.html

Read More At The Source: Economic Policy Journal