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Life Story of a Federal Reserve Governor

By on February 28, 2010

… or of some poohbah bailed out by the Fed or by some other group of political racketeers.

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One Response to Life Story of a Federal Reserve Governor

  1. Ross Wolf March 1, 2010 at 3:20 am #

    Recently Obama Signed a One Year Extension To The Patriot Act.

    It does not take much knowledge of history to understand how a corrupt U.S. Government could use National Security Letters under the Patriot Act—As A Political or Economic Weapon.
    Currently in the name of fighting terrorism, U.S. Government can use National Security Letters to search a Citizen’s private information and records without having to provide specific facts—the person’s information sought pertains to a foreign power or agent of a foreign power. Government can impose National Security Letters without probable cause on your employer, your business client(s) credit card providers, even your relationships. After you receive a National Security Letter, under current law you can’t tell anyone. National Security Letters if used by a tyrannical U.S. Government, could be very threatening to Americans when you consider methods used by other governments. For example in Nazi Germany, the Gestapo routinely targeted and damaged business people and companies that refused to support the Nazi Government by—interrogating their customers—about them. Not surprisingly targeted business people and companies found it difficult to make a living after their frightened customers and clients distanced themselves after Gestapo interrogation. Some German corporations with ties to the Reich government used the Gestapo to scare off their business rivals’ associates and customers—to take their business. A corrupt U.S. Government could as easily use National Security Letters in the same manner and to intimidate Americans exercising First Amendment Rights.

    Congress needs to pass legislation that prevents Government using National Security Letters to investigate Americans without first demonstrating a clear standard of probable cause.