“When the Federal Reserve Act was passed, the people of these United States did not perceive that a world banking system was being set up here. A super-state controlled by international bankers and industrialists…acting together to enslave the world…Every effort has been made by the Fed to conceal its powers but the truth is–the Fed has usurped the government.”
(1876-1936) US Congressman (R-PA) (1915-1935), Chairman of House Banking and Currency Committee. Poisoned in 1936.
Tag: Econ
Let’s hear it for Kudlow
Here’s an out-and-out pitch for smart-guy Larry, from his own lips:
Fed Hooey
I didn’t want to let the latest cockamamie Fed idea for “sterilized” bond buying pass without a comment. A Wall Street Journal story explained that somehow the Fed will buy more long-term bonds, print new money, and then borrow the money back so it doesn’t cause inflation. It’s all a lot of hooey. Typical Fed tinkering. They can’t seem to help themselves. The dollar has already fallen about 1 percent since this story broke. Gold has jumped.
If you buy into the Fed’s argument . . .
To read more from Larry Kudlow, visit www.kudlow.com and click on the Money Politic$ Blog.
Tune in to CNBC’s “The Kudlow Report” nightly at 7:00 p.m. ET
Or to WLS-AM Saturdays at 3 pm.
Blithe Spirit 