In a surprise move, the Treasury Department has recommended that the FED (Federal Reserve-Note this is a Private company. The Federal Reserve is not federal, despite the name) be given more power over the financial landscape. This amounts to the foxes running the chicken ranch. Such moves are not a good sign. The government is literally giving away its power and responsibilities. When the power hungry government gives up its power willingly, something is up. Moves like this usually only occur when there is a change in regime or ownership. When Texas was about to be occupied by US troops the first time for annexation, many agencies were bribed into stopping their regulatory responsibilities. The shift in such agencies was a predecessor for the switchover to occupational forces (they were even called the army of occupation). This does not bode well for financial freedoms, when the power is turned over to a private company especially in these times of financial turmoil. The Fed in combination with Congress got us into this mess, and now the Fed is claiming to want to get us out of it? Come on folks, another bite of the dog that bit us is not going to fix this one. This kind of logic is going to keep the nation in financial bondage.

This is a far cry from when President Andrew Jackson told the banks what to do. What we have now is just the opposite. A private bank (the FED) it telling the government what to do. Even though the Constitution gave Congress the right to make money, that power has been abdicated to a private bank (the FED).

I saw another example of this in another article in a paper that bemoaned the sub-prime crisis and how it hit poor neighborhood worse than other ones. The article made the bankers sound like villains. The banks were only doing what Congress told them to do. Banks only make money when they loan money out. The sheer number of banks now days is not a good thing. A bank on every corner means that the people are in hock up to their eyeballs and then some. Banks on every corner are worse than liquor stores on every corner. So now the banks are demonised rather than those who told the banks to make those kind of loans in the first place. It is another case of twisted logic, much like allowing the Fed to fix a problem of their own creation.

Free Texas!

J Murrah

The empire’s recommendations are laid out in this article.  From the indications, the empire is losing control if it has not been lost already. This is a prime example of how government is not the answer to the question. The government can not fix this problem.

The Brits see through the delusion and are calling the economic situation as they see it. The Independent is calling it a depression.  They based this assessment on their observations of the food stamp program.

annexation of Texas, army of occupation, Congress and predatory lending, Economic Independence, Increasing the power of the Fed, occupation of Texas, predatory lending, sub prime crisis, the Federal Reserve, treasury department, Treasury department abdicating its power

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