The conservatives continue to tell us we are heading toward socialism or even worse, communism, but this is far from the truth. The fact is according to the Government Accountability Office and the investigations by Senator Bernie Sanders, it turns out our country’s economy is run by Wall Street itself.
This is by definition a fascist government. Yes, we still have many freedoms, but our monetary policy and our laws that govern banking are formed by Wall Street’s executive.
According to Senator Bernie Sanders
Top executives from Goldman Sachs, J.P. Morgan Chase, General Electric and other firms sat on the boards of regional Federal Reserve banks while their firms benefited from the central bank’s policies during the financial crisis, the Government Accountability Office investigation found. The dual roles created an appearance of a conflict of interest, according to the GAO.
These Wall Street executives are making the rules of our nation’s monetary policy and effecting our economy. They raise and lower interest rates at the discount window which allows banks, mainly Wall Street, to borrow money at near zero percent interest rates. They pick and choose which banks get help and which banks to turn away.
This is Wall Street running our government. Even though the Federal Reserve is a private bank, it creates rules and policies that affect our country.
Thanks to Dodd-Frank, a law many Republicans want to repeal entirely, this information is coming to light. Once again, we are Occupying Wall Street because of this very problem. We live in a country that allows the 1% to dictate the lives of the 99% and this investigation is further proof, not to end the Fed, but get rid of the one percenters with in our government.