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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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Mon, 02/24/2014 - 17:51 | 4472433 whidbey-2
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.

Mon, 02/24/2014 - 16:54 | 4472201 undercover brother
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.

Mon, 02/24/2014 - 16:22 | 4472106 dizzyfingers
dizzyfingers's picture

http://www.youtube.com/watch?v=F584p5kJL-U Highlight, copy, pass on.

Mon, 02/24/2014 - 16:05 | 4472055 Radical Marijuana
Radical Marijuana's picture

http://www.zerohedge.com/news/2014-02-24/guest-post-dollar-and-deep-state

"... 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.

Mon, 02/24/2014 - 15:58 | 4472034 no more banksters
Mon, 02/24/2014 - 15:38 | 4471956 Chupacabra-322
Chupacabra-322's picture

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

No. It's Criminal. Period.

Mon, 02/24/2014 - 15:12 | 4471834 strannick
strannick's picture

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

Mon, 02/24/2014 - 14:44 | 4471693 Doubleguns
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. 

 

 

https://www.google.com/search?q=inflation+chart+since+1800&rlz=1C1TSND_e...

Mon, 02/24/2014 - 14:35 | 4471664 Four chan
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.

MISSION ACCOMPLISHED!

Mon, 02/24/2014 - 14:25 | 4471632 Comte d'herblay
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.

Mon, 02/24/2014 - 13:46 | 4471516 Atlas Crapped
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.

Mon, 02/24/2014 - 13:46 | 4471513 moneybots
moneybots's picture

"The FED is corrupt"

 

That is a given.

Mon, 02/24/2014 - 15:43 | 4471969 Chupacabra-322
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....

Mon, 02/24/2014 - 16:03 | 4472051 EconomicGenocide
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.

Mon, 02/24/2014 - 13:40 | 4471490 moneybots
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.

Mon, 02/24/2014 - 13:55 | 4471547 Johnny Cocknballs
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.

Mon, 02/24/2014 - 13:29 | 4471436 elwind45
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.....

Mon, 02/24/2014 - 12:59 | 4471315 Bytor325
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

Mon, 02/24/2014 - 12:59 | 4471263 El Hosel
El Hosel's picture

LOL!

Now you tell us.

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