Saturday, November 28, 2009
Bernanke Desperate to Prevent Tax Payers from Knowing how their Money is Spent
Ben Bernanke and his Wall Street cabal are distraught at the thought of being held accountable for the decisions they make. Bernanke's latest op-ed in the Washington Post, in which he argues that the correct "reform" for the Federal Reserve is to give it more power, is too little too late. Bernanke asserts that the Federal Reserve is "highly transparent" and "played a major part in arresting the [current economic] crisis". While it is true that some parts of the Fed's books are open to an audit, there are still trillions of unaccounted for dollars in existence, and what the chairman also fails to mention is that it was the Fed's loose monetary policy that created the crisis in the first place. No, the answer to this problem is not to give the Federal Reserve more power. They can write op-eds and trot out apologists like Randall Kroszner to threaten us with worse "inflation outcomes" should they suddenly be forced to reveal to the public how our money is being spent. But really, how could "inflation outcomes" be any worse? Since the Federal Reserve was created in 1913, the American dollar has lost 96% of its value. No, the American people will not be persuaded by Krozner or Bernanke's fear mongering. The corrupt nature of the central economic planners at the Federal Reserve will be exposed. It is just a matter of time.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment