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Friday, April 27, 2012

Fed News Friday: Who Owns The Federal Reserve?

By: Wes Messamore

When I was at CPAC this February working Silver Circle’s booth, there was a healthy number of Occupy activists hanging out at the Metro stop across the street from the hotel throughout the weekend to protest the annual Conservative Political Action Conference. At one point when I approached them, one of them immediately dismissed me, pointing to my Silver Circle End The Fed shirt and saying, “I see you’re wearing an End The Fed shirt. We probably don’t have a lot in common.” Puzzled, I asked, “What do you like about the Federal Reserve?” The young man said, “Honestly, I don’t really know enough about the Federal Reserve to talk with you about it.” He probably just thinks being anti-Fed is a “conservative” position because all those Ron Paul supporting Republicans are, and hasn’t looked into the issue further. It’s a shame he’s written the issue off entirely as one he probably wouldn’t agree with, because if he looked into it further and learned that all the banks that he’s protesting actually own the Federal Reserve, he might be as anti-Fed as an American can get. Just another example of hyper-partisan thinking muddying up the public policy discussion. Let’s take a closer look at the facts...

at The Silver Underground.

Wes Messamore,
Editor in Chief, THL
Articles | Author's Page

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