[JerseyHighlander]

I’ve heard several multimulti millionaires and 2 billionaires who control billions in funds, in the last 4 months tell roundtable discussions that the Federal Reserve no longer controls the money supply. And the Fed itself has admitted so through a few white papers lately. The Fed is flying in London Chicago New York money guys to explain to the Feds senior staff the basics on newer types of credit vehicles.

Now, I don’t think this is what Paul was referring to, but man, when the government doesn’t control the money supply, and are openly admitting it, there are serious institutional problems with the form of governance.

[muawiyah]

It's not a stretch to say that Wal=Mart has more control over inflation than the Federal Reserve.

That does not mean that the Fed no longer controls the money supply however.