| | | Yes, I fully agree with you on all points... the FED is in 100% violation of their 1913 Charter... if the Congress at that time knew the FED would do what they're doing today, the FED would never have been granted a Charter to form... right now, they're nothing more than a rogue agency manipulating the currency, the bank rates, and so on, they've created one bubble after another, and now the FED fueled stock market bubble has arrived, the debt bubble is also in our faces, I don't think it will end pretty... the FED should be disbanded immediately and the members sent to prison... since 1913 the U.S. Dollar has lost about 95% of its value due completely to FED policy and decisions...
The FED is completely clueless, they're ideologues carrying out an ideology without any grasp of fact or common sense...
Quantitative easing has only been done by two other countries in the past, e.g., the Wiemar Republic and more recently Zimbabwe... both attempts ended in complete disaster, their economies exploded into out of control super hyper inflation... I guess it's true, those who fail to learn from history are doomed to repeat the same mistakes again...
They say it takes about 75 years for people to forget what they learned the hard way once before... I guess it's time now to repeat the cycle once again...
GZ |
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