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Fed Power

How Finance Wins
Mar 26, 2016StarGladiator rated this title 1.5 out of 5 stars
This starts off great, but the devolves into a complete wishy-washy piece. The authors are somewhat misleading on a number of major points: they claim the Fed isn't all-powerful, but if that's the case then why did the judge quash Carmen Segarra's lawsuit, completely justified? And if not all-powerful, why not a forensic audit of them [and the CIA, NSA, DIA, et cetera]? The authors avoid explaining to the reader the Federal Reserve's ultimate super-power: the ultimate entitlement to create money, and thus to exert control over it! Read this book side-by-side with Ellen Brown's exceptional book, The Web of Debt - - the authors will come off looking like clowns! They also make a mish-mash of the real history behind the Federal Reserve legistion of 1913, not explaining the true circumstances surrounding it, misleading and misinforming us, claiming it was a deal between the lawyers [lawmakers] and the bankers, whereas the congress types were owned or connected to the banksters; e.g., Nelson Aldrich was a member of the Rockefeller family by way of marriage. The authors cite Martin Feldstein of Harvard several times as some sort of legendary expert, so let's review Feldstein's legendary expertise: was a director at HCA when it was hit with the largest out-of-court penalty settlement for Medicare/Medicaid fraud; was a director at Eli Lilly when it was hit with the largest criminal penalty at that time in US history; was a director at AIG/Financial Products, when they sold $460 billion worth of credit default swaps, with a potential payout of $40 trillion [now why don't they ever mention this factoid, one wonders?????] leading to the global economic meltdown - - Martin Feldstein, legendary director of fraud!