Monday, April 1, 2013

Whose Interests Are Served By the Federal Reserve?

It is no accident or anomaly that the Federal Reserve -- with Americans were suffering high unemployment and losing their homes to foreclosures -- has been debasing the nation's currency by printing money to bail out big banks, including foreign as well as domestic ones.

That conduct was and continues to be consistent with the history of the nation's periodic experiences with a central bank . . . and that conduct has made the existence of a central bank in the U.S. a fault line that time and again has led to major realignments of the country's politics.

Read a capsule account of the recurrent phenomenon here . . . and join your not-the-least-bit humble blogger in hoping that we soon will see it repeated. 

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