By the way, a trillion dollars is $1,000,000,000,000.
As reported by Infowars and the Associated Press:
President Obama’s plan to give the privately-owned and unaccountable Federal Reserve complete regulatory oversight across the entire U.S. economy, which is likely to be enacted before the end of the year, will officially herald the beginning of a new form of government in the United States - an ultra-powerful banking dictatorship controlled by a small gaggle of shadowy and corrupt elitists.
The new rules would see the Fed given the authority to “regulate” any company whose activity it believes could threaten the economy and the markets.
This goes a step further than the centrally planned economies of the Soviet Union or Communist China, in that the Federal Reserve is not even accountable to the U.S. government, it is a private entity that according to former Fed chairman Alan Greenspan, is accountable to nobody but the banking families that own it.
I may be in the minority, but giving any one entity this much power is contrary to American values and ideas. Our republic is built on governmental restrictions with checks and balances. If the Fed is given sole authority to regulate any industry, then the Congress, President and the Courts will be meaningless and powerless!
Source: Infowars; the Associated Press