“‘It is hard to imagine a world,’ says the unimaginative study, ‘where the main currency is based on an extremely complex code understood only by a few and controlled by even fewer, without accountability, arbitration, or recourse.’ Blink, blink. This is the Fed talking here. Talk about complex. When the Fed governor speaks in Congress, he (soon she) speaks in such a blithering array of econ-babble that no one dare respond, for fear of seeming ignorant. It’s like the first day of an Intro to Physics class. The professor asks if there are questions, and everyone sits in terror. In a half-century of this nonsense, only Ron Paul ever really dared to ask serious questions of the Fed.”
http://lfb.org/today/has-the-fed-met-its-match/
Related posts:
Martyrs to the Cause: Carter Page and Julian Assange
State Regulation of Virtual Currencies Will Complicate Compliance
Obama’s Next Big Blunder
Glenn Greenwald: Newtown kids v Yemenis and Pakistanis: what explains the disparate reactions?
Shelter in the Storm
The Neocon and the CIA Drug Lord
Bill Bonner: The Opportunity of a Lifetime – In Real Estate
Hey Ron Paul: Bitcoins really do fit in your pocket! May I explain?
Who Should Decide What You Eat?
Watching the Anti-Freedom Actions of Francois Hollande
New $15 Million Bitcoin VC Fund Seeks Edge with Regulatory, Security Skills
Peter Schiff: US Could Be On A Gold Standard Within Two Years
Is It Good News or Bad News that the White House Has Delayed the Obamacare Employer Mandate?
CFR: Print Money and Hand It Out Directly to Consumers
German Government Takes Off Mask, Emerges As Fascist Dictatorship
