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Welcome to the United States of Orwell, Part 4: “Consumer Protection” Just Another Federal Reserve Power Grab

by Charles Hugh Smith, Of Two Minds:

How to mask yet another Federal Reserve power grab? Call it “consumer protection.”

This is truly Orwellian: the latest and greatest Executive Branch/Federal Reserve power grab is labeled “consumer protection.” I am indebted to correspondent Jim S. who seems to be one of the few Americans to have actually sorted through this monstronsity and gleaned its true nature: an unprecedented extension of Executive (i.e. Imperial Presidency) and Federal Reserve power.

Let’s start by recalling that the Federal Reserve is a consortium of private banks. Calling a private consortium of banks the “Federal Reserve” is the original Orwellian misdirection, for there is nothing “Federal” about the Federal Reserve. It is not a government agency.

Now guess who will fund and control this vast new bureaucracy of “consumer protection”? Yes, the private consortium known as the Federal Reserve. “The Consumer Financial Protection Bureau (CFPB) will be an independent unit located inside and funded by the United States Federal Reserve. It will write and enforce bank rules, conduct bank examinations, monitor and report on markets, as well as collect and track consumer complaints.”

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1 comment to Welcome to the United States of Orwell, Part 4: “Consumer Protection” Just Another Federal Reserve Power Grab

  • Daniel

    As one truthful American historian once stated, if you want to research the history of today’s America, look no further than 1865.

    I implore you all to do research into the life and times of the American Civil War from a Southern prospective (aka. the War of Northern Aggression, or the War for Southern Independence) — which, if you belive the war was about freeing the slaves, sadly you’ve been brain-polluted with gross lies and progoganda. Time to have your brain washed with truth — which is being hidden and not being told, because of liberal revisionists of history (aka. liars!!).

    Do an honest research into the character of Abraham Lincoln, who is today proclaimed to be a saint and almost equal to Jesus Christ as the greatest man to ever walk the earth (hint…he was not the Great Emancipator, but the Great Centralizer; the first President to introduce the unconstitutional “Executive Order”; who removed the right of Habeas Corpus; and was behind the colonization movement of all blacks out of the USA….so state a few) — even his own men and those from the Northern states considered him as a radical, a Dictator, a master pollitician (aka. liar), and a gross racist (unbelievable I know, but shockingly true none of the less).

    Research into the atrocities the Yankees (a term not used for the Northerners in general, but a term to descibe the Radical Republicans and Abolishionists) conducted, under order of Abrham Lincoln, on the women and children of the Confederate States of America.

    I recommend the book entitled “The South Was Right” as a start (by James Ronald Kennedy and Walter Donald Kennedy), and perhaps “The Real Lincoln: A New Look at Abraham Lincoln, His Agenda, and an Unnecessary War” by Thomas DiLorenzo. A great epic movie to watch is “God’s and Generals” (2003) too.

    One great man of God has said “[The Yankees] did not do away with slavery; they merely enlarged the plantation, and now we are all slaves.”

    If you want to know where we are today, we have to understand how we got here…

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