Whenever, I bring up the Federal Reserve, I always find Woodrow Wilson’s dying words powerful as to what the Federal Reserve really is.
"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men."
Apparently this unelected board of elite bankers is powerful enough to tell Obama no. On June 17, 2009, the administration proposed a ““comprehensive review” of the Fed’s “ability to accomplish its existing and proposed functions” and the role of its regional banks.”
The elite group of bankers who run the Fed saw a threat to its independence and told the administration no. Why is it the federal government has no right into the inner workings of the Federal Reserve? I don’t think this is too hard to figure out. Expose the Fed and you expose the corruption of an elite group of bankers who profit from controlling the nation’s money supply by lending to the Federal Government and receiving interests on the loans as well as other power grabs within the Fed.
I fear Ron Paul may pay the ultimate price for pushing the issue to audit the Federal Reserve. This is obviously a powerful group that has too much power if they can tell the president and the Congress no to a review. When you consider these two institutions nearly hush when the Federal Reserve speaks, which isn’t in their arrogant mannerism consider how they want everything else investigated from Major League Baseball to Chevrolet, says a lot about the power of these bankers.