Now we don’t even know how they’re using the money
Filed under Fiscal & Monetary Policy / Also relates to
Bloomberg has filed suit against the Federal Reserve for refusing to disclose how it has used $2 TRILLION dollars in emergency funding. Apparently “stronger oversight” to the Fed means decreased transparency and less honesty.
Moving Forward
It appears that the Federal Reserve has become the source of much of our financial problems. I do not see how their ability to act secretly absent any accountability is positive for our country. As a result I encourage you to contact your representatives and ask them to support or co-sponsor H.R. 2755 which seeks to abolish the Federal Reserve System. If your representative feels that the bill is too extreme then encourage them, at the very least, to present a bill that audits how the Fed uses our nation’s money.
Posted by Brandon Muth
One Response to “Now we don’t even know how they’re using the money”
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December 13th, 2008 at 2:20 pm
Root Causes: Private (bank) control over the world’s money supply is responsible for most of the ills of today’s society, and has been so for millennia. The profit motive is enabled by a monetary or exchange system. At this point the best thing we can do is allow which threatens to fail, to actually fail; completely, finally, and cataclysmically so. Because the real problem is the restriction, ownership and exchange (control) of the country’s and the world’s resources, which are not in short supply nor ever needed so to be considered or advertised. The only way to eliminate greed is to eliminate currency, controlled exchange, and profit - in absolutely any form. These ideas are as inevitable as they are utopian, but even barter foments profit and the inevitably enabled greed and human atrocities in its immoral service. The best we can do is to avoid delaying the inevitable through bailouts, the throwing of good resources after bad, allowing the FED (or National Banking System) to exist, and other forms of waste of our abundant natural resources. Those individuals and institutions based on exchange, hoarding, greed and profit, will eventually die out - or the rest of us will, as their colossal, generations-old pyramid scheme comes to its mathematically inevitable end, which we are sensing finally with much of our former denial or ambiguity removed, like a veil. But the more we seek to prolong that denial and protection fi such a system, the more violent and damaging we doom its inevitable end to be.