IPFS News Link • Government
Fight the Fed from the Inside
• http://www.thedailybell.comIf you ever wanted to give our nation's central bank a piece of your mind, now is your chance.
That's because Federal Reserve Chair Janet Yellen is hiring ... and she's taking applications from everyone who wants to apply.
On Jan. 16, the Federal Reserve Board announced it is creating a "Community Advisory Council." – Uncommon Wisdom Daily, May 1, 2015
Faux transparency is a favorite tool of entrenched bureaucratic institutions. Soviet leader Mikhail Gorbachev's 1980s "Glasnost" is one example. The idea is to divert resistance into a box where it can vent its frustrations without forcing any real change.
Often this works, but sometimes the establishment finds it has created a monster. In the Gorbachev case, radical social change followed within just a few years as the Soviet Union collapsed.
Now the Federal Reserve is giving this tactic a shot by creating a Community Advisory Council. Their press release describes it this way.
The Community Advisory Council (CAC) will provide information, advice and recommendations to the Board on a wide range of relevant policy matters and emerging issues of interest.
The CAC will meet semiannually with the Board in Washington to offer diverse perspectives on the economic circumstances and financial services needs of consumers and communities, with a particular focus on the concerns of low- and moderate-income populations.
The Fed says it wants "diverse perspectives" on our financial concerns. One such perspective, held by many citizens, is that fiat money harms everyone, especially the "low- and moderate-income Americans" upon which it expects this Council to focus.




