Ron Paul: When the Fed talks about independence, what they’re really talking about is secrecy…

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Quote | PATRIOTS AND PAULIES (Politics & News“When the Fed talks about independence, what they’re really talking about is secrecy. What the GAO cannot audit is monetary policy. It would not be able to look at agreements and operations with foreign central banks, and governments, and other banks, transactions made under the direction of the FOMC [Federal Open Market Committee], and discussions or communications between the board and the Federal Reserve system relating to all those items. And why this is important is because of what happened 4 years ago. It’s estimated that the amount of money that went in and out of the Fed overseas is $15 trillion. How did we get into this situation where Congress has nothing to say about bailing out all these banks?”

—Congressman Ron Paul

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Your Security’s a Joke (and you’re the butt of it.)

America's National Security Complex - PATRIOTS AND PAULIES (Politics & News)

THAT MAKES NO SENSE! The National Security Complex and You

TOM ENGELHARDT (TOMDISPATCH.COM) – When my daughter was little and I read to her regularly, one illustrated book was a favorite of ours.  In a series of scenes, it described frustrating incidents in the life of a young girl, each ending with the line — which my tiny daughter would boom out with remarkable force — “that makes me mad!”  It was the book’s title and a repetitively cathartic moment in our reading lives.  And it came to mind recently as, in my daily reading, I stumbled across repetitively mind-boggling numbers from the everyday life of our National Security Complex.

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