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Are we being lied to by the Federal Reserve?

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An exercise in logic ...
Are we being lied to?


1) Assume the Federal Reserve managers know everything about money and banking.

2) If the following sentence is correct.

3) Most common citizens, even those who have formally studied economics at prestigious universities -- understand very little about money and banking, except truly basic stuff.

4) Which of the following two sentences are more likely to be true?

5) The Fed is trying to educate the public about money and banking.
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6) The Fed has no interest in educating the public about money and banking -- and is probably trying to deceive the public.

I think the answer is obvious. What do you think?

Of course the Fed might not know much about Money and Banking -- in that case, they could not be justly accused of lying -- just ignorance. Alan Greenspan's recent (early 2009) admissions of his errors would seem to support the charge of ignorance. My guess is that he is not a liar.

Important note: If we do not know how the system works -- we, the people, can't fix it.

Marty Carbone
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Retired engineer, product and business developer, inventor (six patents). Currently (a) trying to completely understand our money and banking systems and (b) planning to pass that information to the American public. Photo is ca. (more...)
 

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...with the obvious and clear aim of looting and p... by abe ramsay on Tuesday, Sep 29, 2009 at 5:07:26 PM
AbeI think you are mostly right.I am trying to do ... by Martin Carbone on Wednesday, Sep 30, 2009 at 12:50:08 PM
AbeI think you are mostly right.I am trying to do ... by Martin Carbone on Wednesday, Sep 30, 2009 at 12:50:55 PM
They are not Federal and have NOTHING in ReserveIt... by bruce bowman on Tuesday, Sep 29, 2009 at 7:45:17 PM
I think you are mostly right.I am trying to do som... by Martin Carbone on Wednesday, Sep 30, 2009 at 12:54:19 PM