Tim Geithner and other Treasury Department officials held a meeting for reporters and bloggers recently, but under one primary condition: the officials could not be quoted by media, but they could be paraphrased, but only if the official being paraphrased was not noted.

Bob Chapman writes:

Presently the Fed is fighting and pulling out all stops to halt legislation to audit the Federal Reserve, a private corporation, which has managed our monetary policy since 1913, under the Federal Reserve Act. On Monday the Treasury held a media conference for financial reporters and bloggers in which the Fed was discussed. The meeting had some very strange conditions. Mr. Geithner, Mr. Krueger and Mr. Sperling could be paraphrased but not quoted and what was paraphrased could not be connected to a specific official. Again, the element of secrecy to protect the guilty. One blogger said, “Did they get the ground rules from Al Qaeda?” The meeting was a travesty. How can government officials demand secrecy in public briefings? It is no wonder that 90% of the public and 317 members of Congress want more Treasury transparency and an audit and investigation of the Fed. This is the same gang run by Geithner and Bernanke that are currently running the gold suppression scheme. When you have a criminal cabal involved you have no transparency. That is why the audit of the Fed is so important. Such an exercise would expose exactly what both have been doing in the markets. The Fed and Treasury have lied for years about what they have been up too in behalf of their Illuminist friends. It is not only about the actions of the President’s Working Group on Financial Markets, but the funding of Watergate, Saddam Hussein, who they supposedly conveniently hung, the countries that secretly received loans, how much, who got them and what was the collateral? Were currency swaps with foreign control banks used to strengthen the dollar by the Fed and for those foreign control banks to purchase Treasury and Agency paper? How about all the inside information funneled to Wall Street and banking for almost a century from both the Fed and Treasury? Their lies are legion. They both are manipulating every market in the world 24/7 and the American people want it stopped. We also want an audit of America’s gold and the testing of the gold bars held. There is much we want to know, so we can save our country and our freedom.

This must be the transparency President Obama spoke about during his election run.

We hope for transparency at the Fed and Treasury and support any Congressional bills that may enact such laws.

However, we would suggest that if the Federal Reserve were to open their books for the world to see we could have a serious problem.

In fact, if the world were to find out what The Fed has been doing behind closed doors over the last several decades we could see a collapse of our entire financial, economic and political systems — we’re talking TEOTWAWKI.

What if all our gold reserves are gone? What about the trillions in toxic assets? Credit swaps and currency manipulation?

In the unlikely event that a full transparency bill passes Congress, we suggest to our readers that they be prepared for the worst.

We’re not convinced that any of the criminals in the higher echelons of decision making in our government institutions will ever see the inside of a prison cell, though we maintain hope.

Our entire system has been corrupted by scoundrels and sociopaths, so don’t be surprised what we find on the other side.

It’s isn’t going to be pretty and every American is going to pay the price.