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Sunday, December 13, 2009

The Fed Puts Global Interests Above National Interests

The Fed is constantly making moves for the benefit of the *global* economy, which may or may not be the best moves for the sovereign economy of the United States ( which hardly is sovereign any more, thanks in large part to the Fed ).

The existing audit is not an audit at all. The Fed holds all the cards. It would be like if an individual faced an IRS audit and escaped any questions about sources of income or distribution of write-offs and expenses. The Fed delivers a 'black box' financial report just like the 'black box' financial reports that enabled Enron to hide what they were up to for years.

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