The Fed’s Secret

A lawsuit was filed against the Federal Reserve by Bloomberg under the Freedom Of Information Act on Nov. 7th. The Fed has been stalling and citing internal memos and confidential documents as being the hang-ups.

Everyone is looking for transparency from the Fed because they realize now that it has unlimited power. The TARP program set-up under the Treasury by the Bailout Bill is peanuts in comparison. The Fed has no restrictions like the TARP program and has lent out over $2 trillion dollars and promised to lend out as much as necessary citing $8 trillion.

Now that people are wondering where that money is going… and more importantly where it’s coming from, transparencyis an issue. Secrecy is an issue. The Fed is one of the most secretive organizations on the planet. Nobody knows any of its actions unless the Fed publishes them. The real kicker is, truth be told, the Fed probably doesn’t have to comply to Freedom of Information Act requests as it’s not technically part of the government.

 But that is speculation and hopefully the current economic situation will rouse congress and the people into being more demanding when it comes to knowing how their money is being manipulated.

Group Think

It’s quite amazing what one does when influenced by ‘the crowd’. As much as you’d like to believe you may have left that baggage back in high school, it’s very much with us. Many a terrible decision has been made by intelligent folk in light of the over-powering opinions of others when all mashed together.

The mob is a powerful thing. Whenever you find yourself embroiled in one. Take a step back, a deep breath, and get out of it. Think for yourself. If you can’t, get away from others and let the opinions of shadows sway you. At least they will be constructs of your own mind and thus might have some originality in them.

It’s well documented that people make decisions that they know are false and wrong if the decision to be right goes against the opinions of peers. Shape up or get out.

Think for yourself.

The only people who profit from mobs are the one’s who go against them and the ones who incite them.