Philip Palij

SAN FRANCISCO (Reuters) - The Federal Reserve has embarked on a campaign of unsupervised industrial policy to end the country's financial crisis, a move that could undermine its independence, a former top U.S. official said on Saturday. John Taylor, who was under secretary of treasury for international affairs from 2001 to 2005, said the explosive

With respect to international law both America and Israel are rogue states. Both administrations have enormous influence over each others actions. While you read remember that Israeli actions are carried out with tacit or declared US administration approval.

The recent attacks in Mumbai, while largely blamed on Pakistan’s state-sponsored militant groups, represent the latest phase in a far more complex and long-term “strategy of tension” in the region; being employed by the Anglo-American-Israeli Axis to ultimately divide and conquer the Middle East and Central Asia.

Hamilton dismissed Jefferson's strict constructionism and viewed the Constitution as a grant of powers rather than as a set of limitations. With clever manipulation of words, he believed, the Constitution could be used to approve virtually all government actions without involving the citizens at all.

With respect to international law both America and Israel are rogue states. Both administrations have enormous influence over each others actions. While you read remember that Israeli actions are carried out with tacit or declared US administration approval.

The recent attacks in Mumbai, while largely blamed on Pakistan’s state-sponsored militant groups, represent the latest phase in a far more complex and long-term “strategy of tension” in the region; being employed by the Anglo-American-Israeli Axis to ultimately divide and conquer the Middle East and Central Asia.

Hamilton dismissed Jefferson's strict constructionism and viewed the Constitution as a grant of powers rather than as a set of limitations. With clever manipulation of words, he believed, the Constitution could be used to approve virtually all government actions without involving the citizens at all.

Is the Federal Reserve acting unlawfully in not disclosing facts surrounding its lending policies? Is it simply a conduit to extract vast private wealth from the taxpayers pocket.

Defying the Freedom of information act, obfuscating its role and accountability, reveals the wall of legal and moral ambiguity it hides behind.

Even though the Federal Reserve is now the biggest single participant in the financial system, the myth of a "free market" still lingers on. It's mind boggling. The Fed has expanded its balance sheet by $2 trillion, guaranteed $8.3 trillion of dodgy mortgage-backed paper, provided a backstop for bank deposits, money markets, commercial paper, and

The catharsis of the election campaign is over the reality of insider Washington is taking hold.

The change envisaged by starry eyed voters are not the changes taking place.