I have posted before that the FED is a giant scam.
Unless its purpose is to take control of our lives.
There is no way the FED can control inflation or create a good life for the man on the street by setting interest rates or printing money.
In short, the key to ending inflation and creating a stable, prosperous life for the man on the street is simple.
Production of goods unhindered by the government.
Inflation is caused by one thing only and that is too many people chasing after too few available goods.
But we can not expect those who got us into this mess to understand how to fix it. If they did understand, it would not have happened to start with.
Would our national debt be over $31 trillion if the Fed wasn’t there to buy the bonds? I don’t believe so.
Would we get involved in so many wars and conflicts if the Fed wasn’t there to enable excessive government spending? I don’t believe so.
Would the Fed be more transparent if it was an impartial policy maker? I don’t believe so.
that is so right.