Treasury Dept. Plan Would Give Fed Wide New Power

The Treasury Department will propose on Monday that Congress give the Federal Reserve broad new authority to oversee financial market stability, in effect allowing it to send SWAT teams into any corner of the industry or any institution that might pose a risk to the overall system. Source: NY Times

The Federal Reserve is a PRIVATE BANK accountable to no one. Congress created the present mess in 1913 when they turned over the issuance of money to this private bank, and now that we are in a huge mess as a direct result of this fiat monetary system, the Congress "solution" is to give this PRIVATE BANK even more control over our economy?

In my humble opinion, we are witnessing the destruction of the US Economy. Whether it's being done willfully or through colossal stupidity I'll leave to history. If it's willful, then there would be a "conspiracy" and I would have to be a nut to think that. Is it politically correct to point out that the emperor has no clothes?