“The agency that controls monetary policy for the United States has an unlimited amount of money to buy support, compliance, or least silence within that segment of professionally trained economists that specializes in money and banking. The Federal Reserve gets to keep all the money that it wants for operations. It has to turn back over to the Treasury Department any money that is not used for operations, but it does not answer to Congress or the Treasury with respect to how it spends its money. This means that the Federal Reserve has essentially unlimited funds available to buy off those critics who might challenge Federal Reserve policy.”
http://www.garynorth.com/public/12584.cfm
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Doug Casey Refutes Common Hesitations to Internationalize
Vote Harder: The Barack Obama Story
Police Militarization: The New Search and Seizure
Criminalizing Americans for Government Profit
The Fascinating Interventionist Mindset
Privacy and the Government's Dossier on You
The Creative Destruction of New York in 47 Seconds
CFR Reports on Deadly Viruses That Become the Property of Sovereign Nations
The American Empire vs. Your Retirement Prospects
My History With the Infinite Banking Concept (IBC)
Broken Links: Fed Policy and the Growing Wall Street-Main Street Gap
Guns, Badges, and Cartels
How to Lose Friends, Citizens and Influence
“Cruel and Unusual” Is the Only Way to Describe It
Central Bankers' Nightmare: Goldman Sachs Might Go Bust