The woman in this video is pathetic.  It’s quite shocking that the person supposed to be in charge of Fed oversight has absolutely no idea what’s going on.  She has never even heard of the widely reported stories regarding the Fed’s balance sheet, yet she is supposed to be an inspector general? 

What this really means is that the Fed has complete autonomy with absolutely no oversight.  The Federal Reserve can loan money to anyone it chooses, therefore influencing whatever result is in their interest.  It can choose to bail out one company, but let another fail.  It can distribute this money without Congressional approval.  Furthermore, if it needs to, the Fed just creates new money to lend.  This in turn results in inflation for the rest of us; and if they are lending the new money to Congress, we will have to use our tax money to pay back the interest on that loan as well. 

Think of what you could do, if you had the ability to create as much legal money as you wanted to, and you could distribute that money to whoever you wanted to.  Do you think you could influence world events?  Without a doubt.  The Federal Reserve is truly the most powerful institution on earth, and it is systematically destroying any prospect of future American prosperity. 

Filed under: Nation • World

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