Americans fall for this ploy again and again, as surely as Charlie Brown will try to kick the football only to have it snatched away each time. “The consequences will be dire if you don’t grant us total control and secrecy,” says the Fed. Good. Let the truth be revealed and let the chips fall where they may.
It is fitting that as attempts to expose the Fed’s shady practices accelerate on all fronts, and include direct legal approaches as well as subpoena demands by various politicians, that a Fed President would once again come out today, and recap the good old Mutual Assured Destruction treatise that both Wall and Main Street have gotten used to since the beginning of the bailouts. Somehow financial M.A.D. makes an appearance every time the bankers demand something and have no other rational justifications. So why not just feed the stupid plebs something about the Apocalypse that is certain to transpire should the financial oligarchs not get their way. Today was no exception.
Read more at Zero Hedge.