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The Federal Reserve System And Black Swans

August 5, 2009
Marilyn M. Barnewall
8/4/2009

Federal ReservePutting the illegal Federal Reserve System in charge of bank regulation is like hiring John Dillinger to drive a Wells Fargo truck filled with money away from the bank. Actually, the Dillinger alternative probably holds a higher ratio of potential success for American taxpayers.

First, why is the Federal Reserve System (it is not a bank) illegal?

A real central bank is just that: a central bank owned and operated by the government. It is not a private corporation.

The story continues …..

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