The Federal Reserve Is Not “Independent” Or “Apolitical”

George Washington's picture

The Federal Reserve likes to pretend that it is “independent” and “apolitical”.

The facts are different:

  • According to Robert D. Auerbach – an economist with the U.S. House of Representatives Financial Services Committee for eleven years, assisting with oversight of the Federal Reserve, and subsequently Professor of Public Affairs at the University of Texas at Austin – the Fed had a hand in Watergate and arming Saddam Hussein.  See this and this
  • The Fed threw money at “several billionaires and tens of multi-millionaires”, including billionaire businessman H. Wayne Huizenga, billionaire Michael Dell of Dell computer, billionaire hedge fund manager John Paulson, billionaire private equity honcho J. Christopher Flowers, and the wife of Morgan Stanley CEO John Mack

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whidbey-2's picture

Deliberate attempt o destroy our faith in the Fed?  Besides, we know these things are beyond the intellectual capacity of the Fed. Just rumour  probably.

undercover brother's picture

The Feds 2% annual inflation target is a scam on the people and designed to guarantee a baseline profit to member banks and the few wealthy land owners.   As a consumer of retail products, one would benefit greatly from economies of scale that bring down costs of goods sold, and/or an appreciation of the value of the dollar.   But as a bank, you'd get creamed in that scenario for many reasons.    The fed is artificially counteracting naturally lower prices by purposely weakening the dollar to create inflation.  Whoever said deflation is a bad thing?  banks, brokers, land owners?  I'm sure the 99% wouldn't see it that way.

Radical Marijuana's picture

"... The Fed is not the Deep State;

it is merely a tool of the Deep State."

My comments on that article apply to this article above as well, since the Federal Reserve Board is the foremost symbol of the Fraud Kings that currently control civilization, and are driving it towards runaway criminal insanities, as the accumulating results of political economy being dominated by fundamentally fraudulent financial accounting systems.

Chupacabra-322's picture

The Federal Reserve Is Not “Independent” Or “Apolitical”

No. It's Criminal. Period.

strannick's picture

"... isnt Federal, and has no Reserves"

Doubleguns's picture

Since inception the FED has significantly ncreased inflation. However they have nearly eliminatied deflation. Now the economy moves in just one direction.

Four chan's picture

The goal of the fed is and has always been to enslave a free people to debt and capture all assets through boom and bust cycles it creates.


Comte d'herblay's picture

Depends on your definition of,  "Independent, Apolitical and Inflation". 

In Clintonspeak, those words can mean anything they want them to. 

Best not to listen to the 12 FEDs, just watch what they do which only, like an iceberg only reveals the top 1% of what it actually does for the Jewish Mafia on Wall street.

Atlas Crapped's picture

Point number 4, the Fed is owned by its Primary Dealers (a.k.a. the Big Banks. a.k.a the TBTFs), is the entire point. All other points derive from this. This is factual and irrefutable. Case closed.

moneybots's picture

"The FED is corrupt"


That is a given.

Chupacabra-322's picture

Corrupt? That's putting it mildly. You're using the wrong "C" word. See post above. And, the Criminal Fed's Charter expired in 2013. What ever happened to a vote by the Criminal Foreign Agents better known as CONgress to extend the Crimimal Fed's Charter.

Anyone? Anyone? Crickets....

EconomicGenocide's picture

However congress passed the Pepper McFadden Bill in 1927 giving the banks perpetual charter. The system can only come to an end as a result of an act of congress.

moneybots's picture

"The Fed has intentionally discouraged banks from lending to Main Street – in a misguided attempt to curb inflation – which has increased unemployment and stalled out the economy"


The FED shouldn't be fueling inflation.  Stable prices, which is one of its mandates, means no price change over time.  2% inflation is not stable prices.  The FED destablizes prices.

Johnny Cocknballs's picture

inflation is absolutely inevitable, no matter what the fed does, so long as you have frac reserve lending.  in fact, 2% is probably below what it would be naturally at this point, given the massive new creation of frns.

but...  i hear ya.

elwind45's picture

The fed sold off the massive AIG stock portfollio that created the big dip five years ago? Just saying. Oh and another little tidbit! 2000 crash was all Bill Gates before Linda. Admiral Hallsey notified me.....

Bytor325's picture

......or a nice big crashy thing 2.5 months before an election when a foreign exchange student candidate is down 8 points to an old senile republican (ish) war hero

El Hosel's picture


Now you tell us.