Another Reason the Federal Reserve Needs to be Abolished

Editorial: Entangling Alliances: Another Reason the Federal Reserve Needs to be Abolished

September 17th, 2009

There are many reasons why the Federal Reserve, at minimum, needs to be audited, and eventually, needs to be shut down. One of those reasons is the secret dealings it has with foreign nations’ central banks, which are done completely under the radar of the public, and many cases – government officials.

How it works in general, is the leaders of central banks across the world get together and make deals and decisions outside of scrutiny and transparency of their governments and their people, and then implement these decisions without oversight, bringing whatever they choose to do into the world of finance and banking, effectively running the global policy and global economies.

This shouldn’t and can’t continue in this way, and is one of the reasons the Federal Reserve and its chairman Ben Bernanke are fighting so hard to ensure they can continuing operating and doing business as usual. We have to stop that from being the way they continue to do business, and the audit is a great way to start the process.

Former Federal Reserve Chairman Alan Greenspan recently entered the fray, reiterating what Ben Bernanke and his allies have been saying, that they shouldn’t have to be concerned about being interfered with in their decisions. On the contrary, yes they do need to be interfered with, and the fact that they are fighting so hard against it confirms there are things they don’t want to be brought out into the light.

No matter what the issue is in reference to the Federal Reserve, the conditions its insider supporters want is to be left alone, to basically do whatever they want when they want according to their own unhindered dictates. That can’t be allowed to continue on, and we must rein in the Fed in the short term, while working to eventually eliminating it in the long term.

Now back to the entangling alliances issue. Think of the Federal Reserve being able to enter into international agreements with entities from other nations which have powerful effects on people from everywhere around the world; and they’re able to do it unhindered and without checks and balances.

This is dangerous to me, and I want to know what types of alliances and agreements they’re making and working on in secret.

While this may sound like a rant from a conspiracy theorist, it’s not. What I’m saying is why shouldn’t everything being done be done in the open. Why all the secrecy? Why are they fighting so hard to keep what they’re doing secret?

If a diplomat to another country were to enter into agreements without the knowledge of those over them, they would be in huge trouble immediately. Yet, not only does the Federal Reserve do this, but they do it expecting to be left alone by anyone wanting to know what’s going on. That’s why it’s important to take the first step in auditing the Fed, and see what’s really under the hood of a private enterprise left on its own for far too long.

Entangling alliances with other central banks around the world is another reason why the Federal Reserve must be stopped.