Regional Central Banker Blows the Whistle on the Fed

“In the long run, we are all dead but our children will be left to pick up the tab.” ~ Thomas Hoenig

Thomas Hoenig is the president of the Federal Reserve Bank of Kansas City. In a recent speech, he laid out a scenario for what the Federal Reserve ought to do and what the U.S. government ought to do, and what will happen if they refuse. You can read it here. http://www.kc.frb.org/SpeechBio/HoenigPDF/SheridanWyo.06.03.09.pdf

You can read a overview by Gary North at http://www.marketoracle.co.uk/Article11217.html

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