The Federal Reserve is one giant black box of financial mysticism in our economy. At least that is what the Fed wants the public to think so it can remain shrouded in mystery. Since the crisis slammed our economy and the bailouts started in mass, calls for greater Federal Reserve transparency have been echoed in a non-partisan voice.
The protectors of the Fed are largely part of the banking syndicate that have used this institution as one giant washer machine to recycle taxpayer money and convoluted the true intent of the original bailouts. Some in the public seem to think that the bailouts have all been repaid and suddenly the economy is back on even footing. Nothing can be further from the truth. To the contrary, the digital printing press is humming at a feverish pitch but the mainstream media has failed to convey the biggest financial story in any meaningful way. How can a multi-trillion dollar swindle occur with very little media scrutiny? The media would rather focus on Dancing with the Stars or some other flavor of the day reality show instead of confronting the financial system that runs our economy.
Read the entire article
No comments:
Post a Comment