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Bernanke, Donald Kohn, general counsel Scott Alvarez and ancillary legal minions at the Federal Reserve continue their fight to prevent you from finding out exactly what they're doing with that $2 trillion balance sheet and trillions more in shady and secret commitments. It's safe to assume that the only thing they fear more than Ron Paul and Alan Grayson is collateral shock and an immediate destruction of the dollar. They have a timetable for slow devaluation, lest the people actually notice and start complaining.
Bloomberg along with Fox News, (separate suit) are the only media organizations fighting for you and your kids. Judge Preska ruled courageously a few weeks ago in favor of sunshine and the Fed promptly appealed, with the same arguments that lost the case to begin with. No matter, the legal wheel spins and Bloomberg has responded to the Fed's appeal with the following:
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