Tuesday, September 21, 2010

The Federal Reserve

Many anti-federalists oppose big Federal Government.  They want to return the power to the states and local governments, thinking in error, that will protect their constitutional rights somehow.

The real power of the Federal Government is the Federal Reserve System and it's Chairmen, yielding power to almost rival that of the President

Why don't these "New-Federalists" propose the abolishment of the Federal Reserve, an agency that has outlived it time.

Today for example the world economy was shaking in it's boots, awaiting a few lame crumbs from the Reserve Chairman...markets fell worldwide in anticipation of bad news!  Only now, prior to the close, have they marginaly rose higher.

I say it's time for the Dictatorship of the Federal Reserve to end!