Wake up Americans

Today US President Obama outlined sweeping changes to the regulatory framework in American Banking.  Based on all that has happened in the world financial markets over the past 9 months, you'd expect this to be headline news on CNN or other major news outlets.  CNN's web page barely made any mention to this, but instead focused on the hundreds of protesters on the streets of Iran.

So quietly and under public's noses, the US Federal Reserve will be given more powers to regulate the US banking industry. The Reserve answers to no one; not Congress, Senate, or the President. It's a private bank controlled by the worlds rich and elite. Essentially, this is letting the fox watch the hen house. Little does the average American know, or care to know, that it was the Reserve that created most of the mess the world is in today by flooding the the US banks with cheap, easy and worthless US currency. 

That cheap and easy money has created a culture of consumerism, that one could argue has kept joe plummer distracted enough realize his hard earned wealth is being sucked out from under his iPhone, 52" LCD TV, 3000 square foot home, and BMW.

Gold is starting to look like a really good investment.