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The power elite is worried. Evidence for this can be found in a short article "The Fed's Political Problem" appearing on the website of Foreign Affairs, flagship journal for the Council on Foreign Relations (CFR). The article's author, Alan S. Blinder, is a senior-level economics professor at Princeton University who also directs Princeton’s Center for Economic Policy Studies. From 1994 to 1996 he served as vice chairman of the Board of Governors of the Federal Reserve System.
Blinder describes Dr. Paul as “an extreme libertarian and longtime foe of the Fed. He has, incredibly, persuaded almost two-thirds of the House of Representatives to co-sponsor a bill that would jeopardize the Fed’s independence.” According to Blinder, the Fed “gets plenty of critical evaluations” of its policies and decisions. He maintains that Dr. Paul’s bill “could easily develop into something quite dangerous.” He imagines this scenario:
once people find out whats really going on it's game over for the power structures.
Originally posted by Karlhungis
reply to post by Zenlike
once people find out whats really going on it's game over for the power structures.
It is going to be game over for a lot more than the power structures. I don't think that people believe the fed when they threaten the country over this bill. We are poking a lion with a stick here and thinking that it isn't going to lash out. I, for one, don't think that the fed will simply let something like this pass and undermine their power. I am sure that they will fight back by whatever means they deem necessary and I don't trust them to show much restraint or morality when fighting it.
Originally posted by Harman
Auditing the FED would be very bad for the economy, but the only way an audit could be bad for the economy is when the audited entity itself has been bad for the economy.
Originally posted by daddyroo45
Originally posted by Harman
Auditing the FED would be very bad for the economy, but the only way an audit could be bad for the economy is when the audited entity itself has been bad for the economy.
The true depth of your few words is astounding! The FED's soul purpose has always been,to suck the marrow from the labor and resources of this nation.
The FED will defend their position of power,whatever it takes. Times will be very hard for us,between now and the demise of the FED. No matter what the cost,the FED must be restrained,and disassyembled,if we as a country are to survive.