Posted by a member from Hong Kong-:
Thanks, for bringing up this article.
Although I am living in HK, we keep our eyes on what is happening in the USA and the role of the Federal Reserve has always been âa skepticâ in my mind.
They seem âoutwardlyâ to be doing something and debating and debating, buying time and meanwhile the stalmate drags the country's financial affairs deeper into rut and finally coming out with some proposals to placate WHOM? The answer is obvious â we need not say as it is all given in this article.
Something is indeed wrong with the Federal Reserve and we thank people like Spitzer, Ratigan and Palast and many others for their courage to speak up and to highlight to the public what is wrong with that system.
What America does have a great impact on world economies? It affects both developed and developing countries. It is time for a total revamp of the Federal Reserve