How it Works That The Fed can Delay Their Answers To The American People - Their funders

The Fed qualifies as a federal agency for FOIA purposes. FOIA (5 USC 551) states: "“agency” means each authority of the Government of the United States, whether or not it is within or subject to review by another agency". I believe that, being established by the authority of Congress, the Fed thus falls under FOIA's definition of agency. So in this case, even though it may be thought of as "independent", it's part of the government because it was created with the government's authority.

Stand back far enough and any problem can be put in perspective. Bubbles are just the economy's way of consolidating and expelling waste product. Think rash turning into a boil, before popping.

You think the situation looks bad from here? Do you really think those fools at the top of this crumbling Tower of Babel are getting a good night's sleep?

What are the bankers going to do when the dollar does implode? What are the politicians going to say when the green shoots they sold their souls for turn out to be poison ivy? What is the military going to do when the buckets of money it pays its contractors and suppliers turns into toilet paper?

You want my opinion? States are going to be forced to set up their own public banking systems and funnel the proceeds into their own treasuries, as DC and New york implode.

Ellen Brown seems to be taking the lead on this;

http://www.webofdebt.com/

http://www.huffingtonpost.com/ellen-brown/the-public-option-in-bank_b_25...