posted on Sep, 2 2009 @ 12:49 PM
A striking metaphor dawned on me today as I was thinking about the Federal Reserve and their persistent threats about the crashing of the economy
should they be forced to make their records transparent.
The Federal Reserve situation is like the Enron situation.... only much bigger.
Remember what happened to Enron shareholders when that scandal broke? They ended up with nothing. Entire retirement funds wiped clean, life savings
taken away. Now if you think about that on a national scale, where every U.S. citizen is a "shareholder" of the Federal Reserve, imagine the
implications if a Fed scandal broke.
So basically, I think Bernanke, Paulson, and all these other financial clowns are right. If transparency is forced upon them, and the auditors
suddenly find all kinds of illegal (or at the very least, dishonest) actions, their world will come tumbling down, and they'll pull out every support
column with them, dooming us all.
I, for one, still support the efforts being made to expose the Fed for what they truly are, however I think it's important that we all understand the
implications of what can, and likely will, happen if/when this stone us overturned.