Who Controls the Money?

[W]e have seen a $700 billion bailout program passed by Congress along with the nationalization of such huge failures as Fannie Mae and Freddie Mac. We have seen the Fed expand its loans in all sorts of directions, including a private insurance company, foreign central banks, commercial paper, and any number of insolvent U.S. banks. We have seen the U.S. government make any number of new and expanded financial commitments and guarantees that can explode its solvency at any time and lead to very high costs to society.

Once again, the government and the Fed are committing massive frauds. They are intentionally deceiving the public about the necessity and benefits of these expenditures. A great deal of money is being transferred to persons who should be absorbing losses that they are responsible for.

Michael Rozeff is concerned that the government has no idea where our money is going.