2011-04-07zerohedge.com

``... retroactive authorization of [Federal Reserve] credit, if that’s what the Fed is up to, would be a violation of both the letter and spirit of the [Federal Reserve] Act. It would mean converting the dollar into outright fiat money through the back door, bypassing Congress... The various violations of the law of which the Fed is accused point to a concerted effort to remove the shackles the law has put on the money spigots lest crooks help themselves to the public purse. These violations are not isolated incidents. They are aiming at the corruption of the monetary order of the nation and the world.''



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