Our President has pulled another dandy. He is now granting even more power to the unconstitutional Federal Reserve/Private Central bank.

""WASHINGTON – President Barack Obama proposed new "rules of the road" for the nation's financial system Wednesday, casting the changes as an essential response to the economic crisis and the greatest regulatory transformation since the Great Depression.
Obama blamed the crisis on "a culture of irresponsibility" that he said had taken root from Wall Street to Washington to Main Street, and he said regulations crafted to deal with the depression of the 1930s had been "overwhelmed by the speed, scope and sophistication of a 21st century global economy."
The Obama plan would give new powers to the Federal Reserve to oversee the entire financial system and would also create a new consumer protection agency to guard against credit and other abuses that played a big role in the current crisis."


Read up on the Federal Reserve:


http://taxes.suite101.com/article.cf...ederal_reserve

From the above article:

""Today, as reported in the Federal Reserve's annual audit, there are now trillions of dollars missing – which it describes as “undocumentable adjustments”. Otherwise seen as a way of redistributing the wealth.""