Napolitano: “We Know Far More About the CIA Than We Do the Federal Reserve”
September 20th, 2012
Judge Napolitano weighs in on the recent actions of the Federal Reserve, and asks why now is the opportune time to officially introduce the next round of quantitative easing:
The job of the CIA is to steal and keep secrets. We know far more about the CIA than we do about the Federal Reserve. Its members are appointed by the President and confirmed by the Senate, yet it’s a private bank that makes its own money, regulates the economy, and can print money. The Federal government doesn’t print money. The Federal Reserve prints money.
It’s not federal. It’s not a reserve. It’s a private bank.
…Why is it flooding the market with cash?
…He’s going to create out of thin air forty billion dollars in cash and put it in the accounts of the Federal government. That is more cash chasing, available for, the same amount of goods and service.
What goes up first? The thing we use the most… Fuel, food…beer