Is The Federal Reserve Out Of Control?

What in the world is going on over at the Federal Reserve? Has it gotten to the point where the Federal Reserve is completely and totally out of control? There is increasing speculation in the financial community that the Federal Reserve is on the verge of unleashing another round of quantitative easing. In fact, at their September meeting, Federal Reserve officials hinted very strongly that quantitative easing is very much on their minds when they stated that the Federal Open Market Committee "is prepared to provide additional accommodation if needed to support the economic recovery and to return inflation, over time, to levels consistent with its mandate." You might want to reread that quote a couple of times just to let it sink in. Do you see what the Fed is saying there? The Fed is actually saying that it has a mandate to maintain a certain level of inflation. Not that this is a secret to anyone that has seriously studied the Federal Reserve. Since 1913, inflation has constantly gone up, U.S. government debt has increased exponentially and the U.S. dollar has lost over 96 percent of its value. But for Federal Reserve officials to openly state that a certain amount of inflation is part of their mandate is absolutely stunning.

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Who owns and operates our Federal Government, it's not the elected representation. Whomever controls the currency controls the government, aka the Federal Reserve Bank. Our government is selling it's power cheaply for a few created out of thin air dollars. The real tax to the citizens is a currency system that buys less and less, every year. - kdtroxel

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