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October 3rd, 2011 
FAKE NEWS for the Zionist agenda 
Gary North
LewRockwell.com
October 2, 2011
You probably missed any media coverage of the September 26 speech by Federal Reserve Board of Governors member Sarah Raskin. The media ignored it. You would be wise not to ignore it.
There were a few brief news reports about it. There was no detailed analysis. The media usually ignore speeches by any FED Board member other than Bernanke.
Raskin’s speech reveals what is slowly dawning on the public. The economy is getting worse, and the FED is powerless to stop it.
Her speech was an attempt to reassure her listeners that the FED really does know what it’s doing, contrary to the evidence. The Federal Reserve has spent 45 months trying to deal with the sagging U.S. economy. Nothing is working. It looks as though nothing will work. But she wants us to believe that it’s not the FED’s fault. She did not say whose fault it is.
I have offered a line-by-line analysis of her speech. If you have money in a retirement fund, you would be wise to read it. I have posted it here.
One Response to “The Federal Reserve Is Playing Defense”
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It’s all voodoo to me. What does the FED need to buy Treasuries for? Why do they need the near zero interest rates from the Treasury when they can just print the darn stuff out of thin air? It’s not too difficult to see that the liquidity of the monetary commons is being siphoned away. At some point the dollar will no longer be viable. I hope that we don’t entrust them to solve the problem when the dollar has zero value. I’m pissed off because my salary which doesn’t budge at all buys less and less. Product quality for food and consumer goods have been sacrificed. All I can do until the dollar tanks is to buy Silver. I would hope that everyone here does the same.