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Congressional Candidate Tisha Casida, (R-Colo.), and Cato scholar Mark Calabria on the Federal Reserve’s potential contribution to a European bailou...
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Never tired of destroying freedom in America there is no evidence tonight the Federal Reserve wants to destroy what's left of freedom in Europe.
According to a German newspaper called developed.
The Central Bank the United States Central Bank may contribute to a 100 billion dollar European bailout fund the Fed denies the story but don't be surprised.
The Treasury Secretary Tim Geithner brings it up this week.
At a European summit.
Here to explain why the Fed is so dangerous to freedom everywhere is congressional candidate from Colorado.
Who wants to -- the Fed.
-- shut -- and -- and Canada's preeminent -- scholar.
Mark Calabria tissue that you first.
What is the chance that we could actually by vote of the congress get rid of the Central Bank.
I think it's becoming more and more significant every day is more and more people find it harder and harder to make ends meet.
It's very obvious that we have to attack the tap root of a problem and that problem is the Federal Reserve and I think the American people are gonna stand up for that.
And I believe that more and more representatives are going to stand up for that as well.
Well there's certainly more and more people interest -- -- knowing what the Fed is doing mark Calabria especially since it revealed.
Only as a result of a lawsuit recently that it loans seven point seven trillion dollars and an eight month period.
In 2008 and 2009 why should we believe that they won't do something similar to bail out their bodies in Europe next week.
They're certainly not gonna tell us about it if they do when they're certainly gonna try to disguise it as much as they can.
You know have some sort of swap water there have some sort of loan do other banks you know they're really.
That they that you are afraid of the basic transparency.
And you can look over the last several years and I think before the financial crisis before the bailouts in 2008.
The typical American had no idea what the Federal Reserve has been -- -- It is since that information sprint come out I think everybody from left and right immediately go to rock and Occupy Wall Street -- that that you asked them about the Federal Reserve right they -- that the Fed has been their backing Wall Street.
Believe -- banks is just saying you know we will return insider is equally concerned.
So I think there is a growing movement and I mean again this is caused by just the basic knowledge of what they've been doing.
The -- on -- Johnson.
The the basic knowledge case -- of what the Fed has been doing.
Has actually giving you a platform I mean that ten years ago maybe even five years ago.
The argument and -- Republican primary that the Fed should be audited war -- ended.
The -- made the argument we'll be looked upon as a crackpot but when you take this argument.
To ordinary -- Republicans what are they say back to you did they say no -- what a big government Republican in the air hold keep the credit keep the secrecy.
And keep the printing presses going and -- tell us.
-- Most most of the people we talked -- -- regardless of political party are very upset with what the Federal Reserve is doing I'd -- Incredibly surprised to find out through my travels and a third congressional district how many people regardless and major demographic are aware of this particular problem that we hat and so.
It's a grainy and a lot of this is it because of Ron Paul and a light -- he shed on the Federal Reserve so I'm very grateful for that.
Mark switching gears ever so slightly and Tim Geithner is in Europe.
-- get access to a bank -- of 75 billion dollars in their -- -- the legislation.
Passed last year -- -- unconstitutionally.
Tomorrow what it's legal only in America can we have things like that.
What are the chances that congress.
Can enact legislation or do something to restrain his hand.
And keep him from giving away -- -- five billion to the socialists and Europe.
This this is surely fight -- are certainly say you know every day that Tim Geithner serves as Treasury Secretary -- a day that I had trouble sleeping.
You know it -- it keeps me up and worries me constantly.
I think he's got tremendous amount of support in the senate among senate Democrats.
And I don't think they're gonna let congress you can get something to the house we could restrict the ability of the Treasury Secretary.
You know we've got these big pots of money the exchange stabilization -- treasury was used to be out of mutual fund industry he can use it to provide money.
To countries in Europe as well and but I don't see congress coming together rice I think the problem is in the senate I think there willingness in the senate -- old Tim Geithner accountable.
It's simply not there and and he is committed to trying to make sure that the welfare European welfare state model was kept intact.
Let's keep in mind this is less about saving the Euro it it's more about saving the European welfare states.
Sure what we only have about thirty seconds what is the most important issue on which you are running in Colorado in this Republican primary.
To be the nominee had to run for congress.
It really does go back to the Federal Reserve and the reason is because our monetary -- and controls our prosperity and well.
And that of course in -- is what creates our quality of life and more and more people are not able T so we need to fix this -- root of the problem.
To assure -- of that mark Calabria it's a pleasure guys thanks for joining us the best of luck -- -- it's.
