We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Monday, September 19, 2011

The Insidious Truth About Federal Reserve Policy

Click here to access article by Shah Gilani from Money Morning.

I love it when members of capitalist firms shed some real light on the system. This economist and investment strategist does precisely that by explaining the role of the Fed in supporting banks (and banksters) and not the economy of the US--that is the insidious truth that he has just stumbled across!
...the Fed doesn't work for the American public - it works for Wall Street .

That's right. It's not the economy the Fed has on life support - it's the banks.
It is clear that our economy is run by and for bankers, not by or for the benefit of its worker-citizens who produce real wealth in the forms of food, clothing, transportation, communications, housing, education, etc.
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