Look What the Federal Reserve Will Be Paying For | Godfather Politics: As of three weeks ago, the Federal Reserve openly and brazenly violated its own professed purpose of “maintaining the stability of the financial system of the United States” and declared that it will lend US dollars for the bail-out of a sovereign foreign nation that has proven unable to exercise even the lowest level of financial discipline and thus has ruined not only its own financial system but also the financial system of a whole continent. This is not the first time the Federal Reserve has done this; but in previous occurrences, such decisions were rather concealed from the public, and only investigations by journalists and investors brought them to light.
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