Fed Fails Spectacularly Again and Again!

Citizen Watch Report ^ | David Haggith

[davikkm]

If these guys were a rose bush with so many thorns and so few flowers, you’d burn it!

The Fed can easily be made to work but nobody apparently wants it to, or we’d change it. This rose bush puts out flowers that only stink and wither, but it has thorns the size of your fingers that cling to your pockets and tear at your flesh. We have three articles that were prominent in my news searches today that lay out just how miserably (for all of us) the Fed is failing at its actual mission.

The first one by Joshua Glawson on GoldSeek explains what the Fed’s mission and legal requirements are. (I’ll let you go to the article in the links below to get that background if you are not fully familiar with it.) In short, however, the Federal Reserve System was created by President Woodrow Wilson in 1913 to provide “a safe, flexible, and stable monetary and financial system.”

Seriously?

Whether it has been safe may be debatable. It is still up and running more than century later, and probably hasn’t killed anyone yet. (Even that’s debatable.) It has certainly been flexible, having been adapted over the decades to become the octopus many feared it would turn into that extends its ubiquitous tentacles across the whole economy, having aggregated more powers to itself through its pocket politicians with its Johnny-come-lately addition of maintaining a strong labor market—a single innocent-sounding clause that gives it vast economic power.

[Georgia Girl 2]

The mission of the Federal Reserve is to transfer wealth from the middle class to the elites.

[Jumper]

Timely discussion. https://www.youtube.com/watch?v=kPFviQhpqw4