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Does the Bell Toll for the Fed?

- Ron Paul -

Great article!! The Fed has over the years (and certainly not singlehandedly) altered the very concept of what money is. Besides the debt itself, there is bank leverage, derivatives, options, and other exotic multiplications of real monetary value, interconnected and hidden liabilities, "innovative" accounting, and the resulting failure of individuals, businesses, state and local governments, and federal entities to live within their means. The artificially low cost of money, dictated by the Fed and not the market, has only accentuated the problem.

Dodd-Frank was a good start, but one has to wonder about it's implementation, the creative ability of institutions to find other routes to excess, and the very real and credible fear of the deflationary effects.

However, it is better to confront the problem now with full transparency, rather than by default, by edict, and in a future of even worse conditions. In an age of almost universal transparency, what could the Fed possibly be hiding that we, the people , don't deserve to know?

Commented 3093 days ago

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Beginning of the headline :Last week Federal Reserve Chair Janet Yellen hinted that the Federal Reserve Board will increase interest rates at the board's December meeting. The positive jobs report that was released following Yellen's remarks caused many observers to say that the Federal Reserve's first interest rate increase in almost a decade is practically inevitable. However, there are several reasons to doubt that the Fed will increase rates anytime in the near future. One reason is that the official unemplo... Read More

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