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Archive for July 29th, 2009

AMAR BHIDé | WSJ | Wednesday, July 29, 2009

The Obama administration’s plan to increase the powers of the Federal Reserve, says one critic, is like giving a teenager “a bigger, faster car right after he crashed the family station wagon.” Treasury Secretary Timothy Geithner disagrees. He argues that the Fed is “best positioned” to oversee key financial companies, and that the Obama plan would give the Fed only “modest additional authority.”

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Force the Federal Reserve into the sunlight

San Francisco Examiner | July 29, 2009

Private bankers who run the Federal Reserve System have the power to pump hundreds of billions of dollars into the nation’s money supply, making each dollar in circulation automatically worth less. Any institution with that kind of power with the economic lives and fortunes of Americans should be operated in the open. That’s why the Fed’s lack of transparency is troubling, to say the least.

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Gallup Poll: Americans Turning Against Federal Reserve

Paul Joseph Watson | Prison Planet.com | Tuesday, July 28, 2009

Fed Chairman Ben Bernanke seems frightened to death at what might be revealed if the Federal Reserve were forced to open its books and has been busy scuttling around lying about the bill in order to try and shoot it down.

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Eliot Spitzer Takes On The Fed – MSNBC w/ Dylan Ratigan (7/24/09)

Spitzer: Federal Reserve is ‘a Ponzi scheme, an inside job’

Daniel Tencer | Raw Story | 2009-07-25

The Federal Reserve — the quasi-autonomous body that controls the US’s money supply — is a “Ponzi scheme” that created “bubble after bubble” in the US economy and needs to be held accountable for its actions, says Eliot Spitzer, the former governor and attorney-general of New York.

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