The Federal Reserve gave obama 8 years of zero interest rates and $5 Trillion in debt monetization.
They kept his asinine, anti-American, socialist policies contained to “bad” instead of “disastrous.”
Don’t tell me the Federal Reserve isn’t a political institution.
Which created long term uncertainty in the dollar and squelched any chance of real recovery. Nobody is making long term investments tying up dollars. Instead it is all short term speculation. The restoration of proper rates will do wonders for manufacturing and other sectors that need long term commitments of capital for long term returns. The market is pulling up rates all by itself anyway, the Fed is just reluctantly following.
The Federal Reserve is neither “Federal” or a “Reserve”. It is a private, for profit, corporation. Their marching orders come to them either through the BIS in Basel, Switzerland or their parent corporation in London.
With 4 trillion + owed to them by “we the people” and much of that either short term or on demand, when they say jump Americans look like kangaroos.
When you sell your soul to the devil, you dance to his fiddle.
And that was because Obama used the military and CIA to invade countries and assassinate their leaders in order to force them to use the Consortium of International Bankers (what we call the Federal Reserve Bank), while the 'coalition' nations (US, Germany, France, etc) stole the GOLD they were previously using as the basis of their economy.
They did it to Ghaddafi and were trying to do it to Assad.
Which is why the Fed raised interest rates at its first meeting following the election. Nothing had change in the economy from before the election. It’s just evidence they were propping up Obama and Democrats.
Before the crisis, the Fed held about $750 billion in Treasuries. Now, almost $2.5 trillion. They monetized about $1.75 trillion, not $5 trillion.
The CRA is alive and well with Fannie and Freddie and all the mortgage backed BS. Yellen is a socialist ECON type into Keynesian Econ as opposed to a thorough Econ policy of both micro and macro theory. All macro ever was is national income accounting.