Thursday, September 8, 2011

Herman Cain and the Federal Reserve Bank

Herman Cain and the Federal Reserve Bank


Most of the awakened beings that are paying attention to the GOP campaign have realized that a new Black candidate is getting a lot of attention: Herman Cain.  He is 3rd in the national polls for the Republican Party.  He is steadily gaining ground from debate to debate.  The thing is, he is not a politician and has never held an elected political position, until you realize he served as Director for the Federal Reserve Bank of Kansas City.  The awakened beings stop short when they hear / read that, because for all intents and purposes the Federal Reserve Bank is the enemy.  But, Thomas Hoenig clears everything up in a statement he has made.


Presidential Candidate Herman Cain
From 1992 to 1996, Herman served as a director of the Federal Reserve Bank of Kansas City in the capacities of deputy chairman and then chairman of the Board. Fed directors are dedicated representatives of Main Street business, community development, organized labor and financial services sectors who agree to give their time to help the Federal Reserve understand the economy and to oversee our operations. It was my privilege to work with Herman very closely during his five years on the Kansas City board.
I appreciate the opportunity to provide greater understanding of the role of Federal Reserve Bank directors because they provide a tremendous service to our country.
” ~ Thomas Hoenig, the president of the Kansas City Fed.


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