To Be or Not to Be, That is the Question

Ah, it seems BRT is ahead of the NYTimes on this story as well but this time, it's not about mortgages but rather the Fed, the cartel protected by government. 

"Let us interject that in any monetary system, some authority must fix either the price of money or the supply. McDonald’s can either set the price of a hamburger and let the market consume the quantity it will — or, it can insist on selling a specified quantity, in which case consumer demand will determine the price.

The Fed has a similar choice with money. The Bernanke Fed, which is trying to stimulate the economy, regulates the price of money — the interest rate — presently 0.0 percent. Paul Volcker, who assumed command of the Fed in 1979, when inflation was rampant, chose the opposite tactic. Mr. Volcker provided a specific (and, dare I say, miserly) quantity of liquidity, letting interest rates go where the market directed — ultimately 20 percent. There is an element of arbitrary choice either way."

What's not stated in the article is the fact the Fed's a non-profit private entity located in Delaware with parties unnamed who run the institution using the IRS to collect interest on the (our) money the Fed borrows in order to buy US Treasuries. Fed Q&A When viewed in this light, one can easily see the corruption issuing forth, the most egregious of which is the BRT Let Them Eat Cake piece quoting Matt Tiabbi on who, in part, got bailouts courtesy of us middle class types.

To get more information about an organization run by banks for banks, type in The Fed in Search and stand back, the content presented will be most entertaining to say the least.

"Give me control of a nation's money and I care not who makes her laws."

Mayer Amschel Rothschild