The Federal Reserve Is Not “Independent” Or “Apolitical”

The Federal Reserve likes to pretend that it is “independent” and “apolitical”.

The Fed offered to bail out Mexico, if it would agree to join the North American Free Trade Agreement (NAFTA). Free trade deals have nothing to do with the Fed’s mandate

A study published in the Southern Economic Journal shows that Fed policy tends to create a better economy in the 3 years before presidential elections than right afterwards … to help the incumbent get re-elected

According to Robert D. Auerbach – an economist with the U.S. House of Representatives Financial Services Committee for eleven years, assisting with oversight of the Federal Reserve, and subsequently Professor of Public Affairs at the University of Texas at Austin – the Fed had a hand in Watergate and arming Saddam Hussein. See this and this

The Fed is not independent … it is owned by the big banks

The Fed is corrupt

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