Mainstream Media Finally Realizes the Federal Reserve is a Private Bank that Controls the Govt
The Wall St. Journal just published a piece noting they finally had enough of unelected Federal Reserve officials constructing US financial policy.
TheFreeThoughtProject.com
August 30, 2017
(ZH) — While the concept of ‘independence’ among the unelected central bank cognoscenti is as cute as the tooth fairy or santa claus, it is nevertheless defended by those on high as sacrosanct to our very democracy. That is until The Wall Street Journal’s editorial board finally had enough of Fed officials joining the ‘resistance’ against financial reform…
Via WSJ,
Janet Yellen didn’t run for President, but you wouldn’t know it from her policy démarche Friday at the Federal Reserve’s annual Jackson Hole retreat. The Fed Chair unleashed a defense of post-crisis financial regulation that shows how political the world’s central bankers have become.
“Already, for some, memories of this experience may be fading—memories of just how costly the financial crisis was and of why certain steps were taken in response,” Ms. Yellen said.
She added that regulatory changes “should be modest” and retain the superstructure built under Dodd-Frank.
Ms. Yellen’s comments followed a blunter recent warning from Fed Vice Chair Stanley Fischer, who told the Financial Times that “one can understand the political dynamics of this thing, but one cannot understand why grown, intelligent people” would “reach the conclusion that” you should “get rid of all the things you have put in place in the last 10 years.” Thank you, Senator Warren, er, Fischer.
The Rest…HERE
