the U.S. wants to transform the Federal Reserve into what would be a "super regulator," comprehensively strengthening regulation towards the financial institutions. It is also planning to establish a new financial consumer safeguard endowed with authority that far supersedes that of the current regulatory system. This way of doing things is in conformity with the Marxist doctrine of the Communist Manifesto in which Marx foretold a capitalist financial crisis. The American Foreign Policy magazine offered a very Marxist "prescription" suggesting that the "whole financial sector be turned into a public utility" -- perhaps one could say, "centralization of credit in the hands of the State by means of a national bank with State capital and an exclusive monopoly." (Communist Manifesto)... |
"The light of the body is the eye: if therefore thine eye be single, thy whole body shall be full of light." --Jesus
"Sometimes the first duty of intelligent men is the restatement of the obvious" --George Orwell
"The test of a first-rate intelligence is the ability to hold two opposed ideas in the mind at the same time, and still retain the ability to function." --F. Scott Fitzgerald