Posted 5 years ago on Nov. 27, 2011, 4:51 a.m. EST by GypsyKing
This content is user submitted and not an official statement
All the focus on the federal reserve system as the villan in the current crisis of world economic instability is either misguided, or simply a diversion. The role of the fed. since the great depression has been to stabalize our ecomomic system. To the extent that that role has been changed/corrupted, it is due to no inherent fault in the existance of, or creation of, the fed. itself, but due to the corruption of it's valid role. The argument is like saying that because some hospice facilities have been guilty of abuse, there should be no care for the old and the infirm. Thus the argument that our problems are created by the fed. begs the question - who corrupted it, and why?
I hardly need bother explain the implication of this question to those legitimately on this forum. But I'll go ahead anyway . . . the 1%?