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Would you be shocked if the politicians in Washington, D.C. created a new all-powerful Executive Branch agency, with
- an unlimited budget
- no oversight from Congress
- the power to subpoena any organization or company for any and all information
- the power to create new taxes
- funded, thus controlled, not by the Government, but the Federal Reserve
Well, as a result of the Dodd-Frank Act, signed into law by Obama two years ago, The Office of Financial Research, or OFR, is starting operations. Many are speaking of this in Orwellian terms, but a much better analogy are the centralized ministries of industry under the USSR, where all planning, decision-making, and risk management was done in Moscow.
This is another 'trust us' power
By: joe prole
In: Regional News, Politics
Tags: Unlimited government, New agency, Socialism in the United States
Location: Washington, District of Columbia, United States (load item map)
Views: 947 | Comments: 26 | Votes: 1 | Favorites: 1 | Shared: 0 | Updates: 0 | Times used in channels: 2
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