Friday, February 24, 2012

Has the Federal Reserve knowingly made choices leading to the current economic crisis in the US?

I read "The Creature of Jekyll Island" many years ago and didn't think much of its conspiracy theory regarding the Federal Reserve but am thinking twice about it now.Has the Federal Reserve knowingly made choices leading to the current economic crisis in the US?
Knowingly? I'm not sure. The Federal Reserve? No one did anything to stop it.



Deregulation was at the heart of the problems. The economic sector tends to attract unbridled capitalists, the kind of people who graduate from university determined to be millionaires by the age of 30. Giving them free reign to do whatever they want is a recipe for disaster.



Observant people have been warning that it could not possibly be sustainable for years. It wasn't too difficult to figure out.



Why didn't they?
Perhaps the federal reserve has... Failed to Take Steps to Prevent the current economic crisis from occuring...



edit: googgball, that's trye in terms of the short-term steps they could have taken, but i'm talking about things which have been contributing towards the current issue for a long time now.



For example, the desire for the motor industry to reject electric cars in the earlier part of this decade.



Many small things have contributed to this, and because they are small they were ignored.Has the Federal Reserve knowingly made choices leading to the current economic crisis in the US?
Sense 1913 the whole plan is to subjugate the whole worlds financial systems under a one controlled system by the international banker system . This one world government by financial control of the world .
A No Man is completely wrong, if they took more steps they would have destroyed this country. What they need to do is close themselves down, and stop taxing the American People with inflation.
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