Tuesday, May 11, 2010

Very Watered Down Federal Reserve Audit Passes The Senate 96-0 (It's Not Really An Audit Anymore)

I got an email today that said we beat the banks. That is hardly anywhere close to reality. I really don't think all but a handful of people really understand the depth of the impact a quasi-private central bank has on our economy and on our democracy. It promotes racism, limits economic opportunity and puts our democracy in the hands of a few incompetent bureaucrats on Wall Street. In fact, it is so far removed from reality to consider this a victory over the banksters that it really takes the eye off of the real issue. That is, we need the Federal Reserve to be part of the Treasury and to become a completely public institution under the direct control of the American people. But this look into the books of the Federal Reserve (it isn't really an audit anymore) is better than nothing for an institution that has become more overt in its perpetuation of fraud than anything I ever could have imagined just a handful of years ago.

But, we have to start somewhere. This is a start.

Story link here.
posted by TimingLogic at 5:57 PM