Tuesday, April 12, 2016

"People Would Be Stunned To Know The Extent
 To Which The Fed Is Privately Owned"
"A lot of people would be stunned to know the extent to which the Federal Reserve is privately owned .. The Fed should be a fully public institution just like every other central bank in the developed world."
- Andrew Levin, Former Federal Reserve Staffer, Current Dartmouth College Professor
Zero Hedge: "While ending the Fed may still seem like a pipe dream, at least until the market's next major crash at which point the population may finally turn on the culprit behind America's serial boom-bust culture, the U.S. central bank, Levin's proposal would get to the heart of the most insidious conflict of interest in the U.S.: the fact that the Federal Reserve works not for the people of America, but for its owners - the banks. Which is also why, sadly, this proposal will be dead on arrival, as its passage would represent the biggest loss for Wall Street in the past 103 years, far more significant than anything Dodd-Frank could hope to accomplish."
LINK HERE to the article
LINK HERE to the commentary

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