reply to post by ModernAcademia
This may perhaps be one of the important threads I have seen since I joined the ATS family.
I am currently enjoying an "I told you so" moment I had anticipated this move by Mr. Bush and his administration. Of, courser this tale centers
around my locality and the observations are purely subjective on my part. But I truly feel that it doesn't diminish the comments herein.
It seemed that the Fed was the subject of a peculiar media perspective, a tentative sort of recasting - the media seemed to be creating the potential
for it's viewers to draw a conclusion regarding the ability of the Fed to provide, 'care for,' and resolve our economic woes with a transcendent
wisdom surpassing that which we can expect from our 'bungling public servants (the one's we voted for.)
I was curious about this since most economic historians readily acknowledge the impact the 'central bank' concept has had on economies all over the
planet. It was always patently clear that their 'mandates' were exclusively oriented towards profit for the bankers (so much so that most central
banks are stalwartly restrictive regarding revealing the identity of the true 'owners')
Oddly, the failure of the organized media to disclose in a historically accurate manner, the past actions of the Fed; and then to follow up by
expressing the notion that the Fed's understanding of the system was uniquely superior to that of the congress, senate, or state-level auditing
agencies led me, perhaps in a paranoid vein, to wonder whether the tragic inability of nearly every federal agency (and most state agencies) to
responsibly manage "the people's money" might not be more propaganda, or failure by design; intended to lead us down this road to economic
surrender towards those who have no mandate to serve us - yet the renewal of their charter is never even reported - let alone discussed in a public
I declared to my wife - "You wait and see - this will end in our illustrious leaders calling for the Fed to be given more power over economic
policy" when she objected saying it wouldn' make sense to let the fox guard the hen house I agreed; "Sure there may be a token whisper here or
there about the representatives having closer oversight; but they'll end up being shown for the financially inept players they are (after all they
LET us get into this mess) and they'll hand the keys over to the international consortium of bankers - all in the name of saving us from ourselves!
As if WE, in our colossal ignorance caused the crisis."
So, I take this opportunity to pat myself on the back and wonder what the hell I have to be so happy about - in the end they will eradicate the value
of their fiat currency (because they already have all the gold) and create new monopoly money to play with - of course, they will change nothing
insofar transferring the economic power back to the people (or serfs, if you will.)
[edit on 29-3-2008 by Maxmars]