Saturday, 25 August 2012

Russian Lawmakers Seek to Strip Central Bank of Independence

Interesting developments in Russia regarding banking and the supply of money. Not the solution according to us but a start in the right direction. It clearly shows that everyone has had enough of the global monopolies of the banksters. 

The Moscow Times
22 August 2012 ByHoward Amos

A group of Duma deputies is seeking to deprive the Central Bank of its interest rate setting powers, saying that it was set up as a tool of the U.S. government, in a move that has provoked hilarity and incredulity among experts.

Transferring the ability to determine interest rates to the government will "enliven the Russian economy and create new jobs," said United Russia Deputy Yevgeny Fyodorov, who is also a member of the Duma's Budget and Tax Committee.