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The FEDsters Are Multimillionaires

Written by Gary North on September 2, 2013

The senior officers of the Board of Governors are rich. So are some of the regional FED bank presidents. One of them is worth $50 million. Another owns 7,000 acres of land. He even owns gold.

The FED is politically untouchable. Congress will not let the Government Accountability Office audit it.

We hear of the need for more equality. The FED could use some.

We hear of the need for transparency. Why doesn’t this include an audit?

All the chatter inside the Washington Beltway about the role of democracy is great stuff for pulling the wool over the eyes of the voters.

The cartel known as the state-licensed banking system has an enforcer. The FED is the enforcer.

The Old Boy Network even includes Janet Yellen. I cannot hear her name and not think of this.

Continue Reading on money.cnn.com

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6 thoughts on “The FEDsters Are Multimillionaires

  1. Rp_reformer says:

    Why would the FED care about their pensions with wealth like that?

  2. Anonymous Coward says:

    That is a very good question. Dr. North, please answer it very directly and very publically.

    Thank You

  3. Mort Middlebasket says:

    I'm not Gary North. But I have an opinion Rp_reformer. They Don't! But the show must go on. Its in their scripts.

  4. Good point, Mort. It's like the income tax. With the printing press, the Gov doesn't need the income tax. But if they didn't collect it, people would start putting 2 and 2 together. The whole IRS is just theater.

  5. Oldschoolrepub says:

    Yeah North has been saying they care about their pensions.

  6. Oldschoolrepub says:

    Yeah North has been saying they care about their pensions too much to hyperinflate.