The Fed: A Corporate Socialist?

“I am very troubled by the failure of Bear Stearns, and I do not like the idea of the Fed getting involved in a bailout of that company. But before making a final judgment, I want to hear from our witnesses why they thought it was necessary to stop the invisible hand of the market from delivering discipline. That is socialism — at least that’s what I was taught, and I would imagine everybody at that table was taught the same thing — and it must not happen again.” – Senator Jim Bunning, Republican-Kentucky at the Senate Banking Committee – partial audio of quote

Much of the country, including Senator Bunning, apparently hasn’t figured out is that the United States is being run by a multinational corporation without the underpinnings or claims of freedom and liberty. With new multinational expansion on a global basis, the central banks of the world have a commercial multinational shadow system that has transcended national sovereignty. Countries like the United States think they have control over the global corporate world