Mood:
sharpI hear about Obama's inauguration and think to myself. Is this new black president going to be any different than the last puppets?
You see, I believe that the executive branch of this nation is not really as powerful as it's cracked up to be.
Where really does the ruler of this country lie? Or is there a ruler? Any modern would retort: of course not, we got over the the King and Queen thing centuries ago. At least that's how I imagine the answer would go. But, I am cynical about offices within the American government that are NOT elected and the holders of these offices that control them for life or until they step down. One most important office is the Chairman of the Federal Reserve Bank.
Now, here we have a provost that is appointed by a President and is given license to control virtually the entire monetary end of our economy. He wields power beyond that of any sitting President. Simply put, this guy is the King of America. If he decides with his companions (the Fed Rev Board of Governors) to fiddle with interests rates, great consequences ensue. This is common knowledge, and is often reported in the mass media of this country. But, how 'bout if he deems a change in the ratio or M1, M2, and M3 to be changed, greater consequences result. M1 is the money supply-currency and bank deposits, M2 is M1 + time deposits (savings accts), and finally M3 is M1 + M2 + any financial instruments outsides those, like bonds, securities, foreign exchange, etc. Now if you play around with these variables, you can change our economy, and by the mulitipler effect those of foreign nations tremendously. And that's only one of the powers ceded to the Fed Reseve Prez. He can change the reserve requirement on commercial banks. That is, how much they are required to hold in cash to what they lend. And the list goes on and on.
So, you tell me is he not the real head of the American Government? I think, surely so.--1/17/09
