I did a brief monologue for Press TV yesterday morning (early enough that it was before I spoke English fluently) on Sen. Bernie Sanders’ proposal for the Federal Reserve to bail out the Greek government:
The Federal Reserve “has been so out of control for a long time, but especially during the last 12 years. It’s helped cause a boom and bust in American real estate values and it could be doing the same thing again ,” said James Bovard. Americans must know “how the Federal Reserve is using its power and what the Federal Reserve has done to undermine the value and credibility of the US dollar. You have a bank that acts like a private, secret organization that has huge power over the US economy and unfortunately a lot of power over the entire world economy, and American taxpayers, American citizens, have little or no idea where that power came from or how it’s being used,” he noted.
Commenting on the Sanders’ proposal, Bovard said, “This is one more terrible idea from socialists. It makes no sense for the US Federal Reserve to throw money at the Greek government which has been famous for squandering money for a long time. It’s one of the most corrupt governments in Europe.”
The written report on the interview did not include the joke about how the Greek government should raise the retirement age for Greek workers to 45. I think I also mentioned my support for the congressional bill to “Audit the Fed.”
My hunch is that I am the only Federal Reserve critic who wears railroad engineer caps. I got a big grin when I saw which photo Press TV selected to accompany the interview.
UPDATE: On the Facebook thread for this article, someone asked why Sen. Elizabeth Warren now opposed “Audit the Fed.” I replied, “Senators reap as much flattery as Roman Emperors formerly received and very few of them become more decent as time passes.”
UPDATE #2: Hot damn! This article got reposted by a website in Ghana, Spyghana.com. This means that I can up my speaking fee for my next speaking invite in Ghana’s capital, Accra. OK, I admit – I’ve never been invited to speak in Ghana – not even in neighboring countries Benin or Ivory Coast. But hope is cheap these days.
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