Posted on 04/05/2008 1:57:00 PM PDT by barackyroad
Is the U.S. Federal Reserve, as it claims, an agency of the U.S. government charged with maintaining the stability of the US economy? Or is it, as some critics charge, really a privately held consortium of banks whose principal interest is its own self-interest?
That argument could go back and forth ad infinitum, but in the final analysis, it's an exercise in irrelevancy.
Whether one believes the Fed is a colossal banking swindle or not, it is now an accomplished reality that is so ingrained in our nation that neither political party is willing to endure the pain of undoing its control of our money supply at this late date.
The Federal Reserve was created by a questionable act of Congress Dec. 23, 1913, when most congressmen had already gone home for Christmas. (The act's legitimacy, along with the personal-income tax bill passed at the same time
(Excerpt) Read more at wnd.com ...
"Regarding the Great Depression. You're right, we did it. We're very sorry. But thanks to you, we won't do it again."-Nov. 8, 2002, conference to honor Friedman's 90th birthday, Bernanke, then a Federal Reserve governor
Thus Mrs. Clinton to come in on her white horse to save America from greedy capitalists in four years a la Mr. Clinton in '92
I'm still baffled at how someone that is a complete failure in his "profession" still gets paid to write.
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