Wednesday, July 15, 2009

Call for Fed transparency grows louder......

To conspiracy theorists, the Federal Reserve is a dangerous, shadowy and unaccountable organisation - like the Central Intelligence Agency but without the black helicopters. For more than 200 years, central bank critics have railed about an alleged lack of transparency, a threat to the fabric of the US by un-elected moneymen. For more than 20 years, Ron Paul, the Texan Republican, has been trying to pass a bill that would audit the Fed's monetary policy decisions. He says US citizens need to know more about the inner workings of the organisation. But he has had little support...Link

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