http://www.masternewmedia.org/news/2007/09/01/the_federal_reserve_is_monetary.htm
September 1, 2007
Robin Good
The Federal Reserve: Is Monetary Power Being Replaced By Private Economic Global Interests?
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In the present world financial system turmoil generated by the collapse for “sub-prime” mortgage bonds, the US Federal Reserve System functions, as it always does, with private meetings and telephone conferences with the great financial houses, deciding in apparent secrecy whether to increase the money supply and government lending to financial houses or whether to raise or reduce interest rates.
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I am certainly not an expert at these matters but if I have to look and report at what mainstream media does not report about, while inviting each one of us to question and research in greater depth all such issues, this looks definitely like something on which we should all ask some more and better questions.
***AND***
Should the US, reconsider the makeup and makeup of the Federal Reserve System so that it can serve the people of the United States in a meaningful and fully transparent fashion?
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I love it when someone “discovers” that they (we) have been getting screwed since 1913 by a monopoly.
The monied elite and the politicians have conspired to “monopolize” “money”. The monied elite gets the license to print money and do fractional reserve banking. The politicians get all the money they want to spend with having to raise taxes. (The inflation tax is a silent killer to savings.)
We could consult the Constitution for what it says about the Federal Reserve.
At the very least, we could follow the example of Andrew Jackson and end the “federal reserve cartel”. Ron Paul is just the fellow to do it.
When you are in a hole, stop digging!
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