Earlier today it was announced that the Federal Reserve would be pumping $70 billion into our financial system. That's right: $70 billion. This move comes as Wall Street continues to struggle and the country continues keeps falling deeper into a recession.
Great. As if there weren't enough inflation already, Ben Bernanke and his buddies at the Fed are going to continue to print useless, paper money out of thin air. And all the media does is tell us about it. I've been watching my television and browsing online for almost two hours and I have not heard one journalist stand up and question this move. Nor have I heard anyone question what the Federal Reserve really does or why it even exists.
What ever happened to the media being a watch dog to those in power? I ask myself whether those in the press don't know about the Fed or whether they simply care not to grill it because it does not suit their interests. Hmm..I think it may be a little from Column A and a little from Column B.
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