On Friday secret tapes of correspondence from Goldman Sachs and the Federal Reserve were released. The truth is not pretty and it may be even more shocking than you think. Observers of the Fed have long known that the Reserce is extremely secretive. What they haven’t known is what it is secretive about. Much of the work is guess work. Now we finally know what is actually going inside the Fed.
For those who don’t know, the Federal Reserve was set up as a private entity in the early part of the 20th century, a sort of superbank to regulate America’s money supply. It is supposed to oversee the big banks, including those that were “too big to fail,” but these disclosures diplayed that it’s been doing just the opposite… CONTINUE