Obama Regulatory Reform Plan Officially Establishes Banking Dictatorship In United States
President Obama's plan to give the privately-owned and unaccountable Federal Reserve complete regulatory oversight across the entire U.S. economy, which is likely to be enacted before the end of the year, will officially herald the beginning of a new form of government in the United States - an ultra-powerful banking dictatorship controlled by a small gaggle of shadowy and corrupt elitists.
Here’s yet another huge financial story that has been virtually blacked out by the US financial media. Although on the surface, this story appears to be a non-event, if we consider some of the released facts about this case, you will understand why I consider it to be a huge story.
Despite calls for less reliance on the Dollar, Russia and China will have to trade and keep reserves in USD for the foreseeable future says Walter Lohman, Director of The Heritage Foundation’s Asian Studies Center.
• Throwing a BRIC Through America’s Window
• Obama’s “Financial Regulatory Reform Plan” is Nothing of the Sort
The amount of US taxpayer money committed to bailouts over the last 12 months by far exceeds the combined cost of major historical events dating back over 200 years.
Public approval of President Obama’s job performance has dropped slightly this spring as Americans have grown increasingly concerned about unemployment and the federal budget deficit, according to a new NBC News/Wall Street Journal poll.
• Nation editor: Obama White House secrecy an ‘insidious tendency’
• “Obama’s foreign policy is more aggressive than Bush’s” – expert