124c4u Obama should have nationalised the Fed as the poms did with the Bank of England.The whole banking system and their Wall St hangers on are totally corrupt.

Those banks who create money from nothing should be paying a tax back to the community for the depreciation of their currency.Every 10 yrs our currencies halve in value because of surplus money of inflation generated by the banks.It is just a form of counterfeiting and ordinary people go to gaol for it,while the banksters profit for doing nothing.