Geithner (surprise!) firmly supports expansion of Fed powers
Now that the puppet government of the central bankers has gotten its health tax through they are moving forward with the rest of their socialist agenda, and that includes this Christopher Dodd sponsored “economic reform” bill. Geithner and Bernake are cloaking it that good old doublespeak, in this instance calling out the legitimate problems while staunchly advocating ever increasing powers to those who caused it.
Many of us have invested a good bit of time into educating ourselves about exactly went on during the so-called financial collapse that led to the selective bailouts that were carefully doled out along the incestuous lines of crony access capitalism. This Dodd “story” that revolves around the very surface platitudes tossed out by Geithner and Bernake is merely an effort to kick this next phase of the further centralization of control toward the sweet spot of the news cycle.
The most meaningful real information I could cull from this piece is that Dodd’s bill creates yet another federal bureaucratic agency that, get this, will be housed inside the Federal Reserve. The somehow this governmental “consumer protection” agency will exist within a private central banking cartel. This takes the Fed to a further layer of unaccountability as it is essentially given total autonomy over every aspect of our United States economic landscape, including regulatory measures via this proposed new agency.
I’d be really upset if I didn’t expect state and local currencies to supplant Federal Reserve notes as they keep pushing for more centralized control and that effort causes We The People to keep pushing back just a little bit harder…after all, we are the many, and they are the few.
You can check out this hint at the next step here: