Reply #2: The pillaging of America BY THE FED began when Greenspan took over back around 1987. [View All]

[AdHocSolver]

Greenspan pushed for deregulation of the financial industry, he encouraged the raiding of the Social Security Fund to hide the real federal deficit, he promoted excessively low interest rates to spur the stock market bubble and the real estate bubble, and he covered up the slide of the "real" economy to keep the Ponzi schemes going.

Under Bernanke, the Fed is stripping the last bit of meat from the carcass of the American economy for the benefit of the thieves who haven't enriched themselves enough at our expense. This isn't a new role. It is a continuation of what they have been doing all along, dressed up in a new costume.