Flexible Standards and the Fed

October 11th, 2012 → 4:40 pm @




The Federal Reserve…the elephant in the room no one wants to acknowledge “Centralization Of Credit In The Banks Of The State, By Means Of A National Bank With State Capital And An Exclusive Monopoly”–Fifth Plank of the Communist Manifesto, Karl Marx 1848 The Federal Reserve System is privately owned, and is accountable to no one. There remains a significant segment of society that has not gotten the above memo, so for their sake, let’s take a look at the 12 Federal Reserve Banks, which make up the Federal Reserve System. It has been rightly said that, “The Federal Reserve is no
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