Heathyre (heathyre) wrote,

One of the Communities I Watch: Useless_Facts

Original Entry Here from useless_facts

For the first time in U.S. history, the Federal Reserve is going to be audited.

The workings of the Federal Reserve have up to this point been completely behind closed doors -- even senators are not allowed into the meetings. It has been said that what goes on in the Federal Reserve is more closely kept under wraps than the workings of the CIA.

The International Monetary Fund (IMF) has so far investigated the monetary policies of half the world's nations, but the United States has been unwilling to be put to the same test.

George W. Bush finally gave consent to the IMF to investigate the Federal Reserve on one condition:  that the investigation not begin until his last days in office and the findings not be revealed until after he steps down.

Considering the wreckless devaluation of the dollar and runaway inflation these past six years, many believe that this strategic move by Bush will ensure that it will only be the chairman of the Federal Reserve, Ben Bernanke, whose head goes on the chopping block


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