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06-06-2009, 11:23 PM #1
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Federal Reserve Bank of Kansas City Warns of Oligarchy
President of the Federal Reserve Bank of Kansas City Warns of Oligarchy
Washington’s Blog
Saturday, June 6, 2009
As I have previously pointed out, two top IMF officials and the former Vice President of the Dallas Federal Reserve have all warned that the U.S. has been taken over by an oligarchy.
Wednesday, the head of the Federal Reserve Bank of Kansas City, Thomas Hoenig, agreed:
If we hesitate to make needed changes, we will perpetuate an oligarchy of interests that will fail to serve the best interests of business, the consumer and the U.S. economy…
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