TeaPartyNation_ Wrote:
Jul 14, 2012 3:18 PM
The Fed tries to gain respectability by claiming that its role includes "Conducting the nation's monetary policy by influencing money and credit conditions in the economy in pursuit of full employment and stable prices." The past 3+ years of 8%+ unemployment and the corresponding massive decrease in the labor force participation rate proves that that claim is total bs. In reality, The Commission does only one thing: Ensure multi-BILLION dollar profits for BIG BANKS and Wall Street investors. In this respect, The Commission is almost identical to the the initial focus of the American branch of the criminal mafia named "La Costra Nostra" which was concentrated on protection rackets.