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peaceandlove · 02-23-2009, 08:13 PM

Texas Straight Talk ~ A Weekly Column

Congressman Ron Paul
New Every Monday at http://www.house.gov/paul
or phone 1-888-322-1414 for recorded message.
NOW available in audio at: http://www.house.gov/paul

February 23, 2009: "On Transparency of the Fed"

"...with so much of the Fed’s business cloaked in secrecy, these latest initiatives will not even scratch the surface of the Fed’s opaque operations."

This week the Federal Reserve responded to the American people’s increased concerns over our monetary policy by presenting new initiatives aimed at enhancing the Fed’s transparency and accountability. As someone who has called for more openness from the Fed for over 30 years, I was pleased to see the Fed acknowledge the legitimacy of this need. The Federal Reserve controls the flow of money and credit in our economy because Congress has abdicated its responsibility over the nation’s currency. This process therefore occurs centrally, and almost completely outside the system of checks and balances. Because of legal tender laws, …

Article continues: http://www.house.gov/htbin/blog_inc?...ngdetail.shtml

02-23-2009, 08:13 PM	#40
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	February 23, 2009: "On Transparency of the Fed" Texas Straight Talk ~ A Weekly Column Congressman Ron Paul New Every Monday at http://www.house.gov/paul or phone 1-888-322-1414 for recorded message. NOW available in audio at: http://www.house.gov/paul February 23, 2009: "On Transparency of the Fed" *"...with so much of the Fed’s business cloaked in secrecy, these latest initiatives will not even scratch the surface of the Fed’s opaque operations."* This week the Federal Reserve responded to the American people’s increased concerns over our monetary policy by presenting new initiatives aimed at enhancing the Fed’s transparency and accountability. As someone who has called for more openness from the Fed for over 30 years, I was pleased to see the Fed acknowledge the legitimacy of this need. The Federal Reserve controls the flow of money and credit in our economy because Congress has abdicated its responsibility over the nation’s currency. This process therefore occurs centrally, and almost completely outside the system of checks and balances. Because of legal tender laws, … Article continues: http://www.house.gov/htbin/blog_inc?...ngdetail.shtml Last edited by peaceandlove; 03-03-2009 at 08:45 AM.