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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: carranza2 who wrote (127131)4/16/2011 7:43:46 PM
From: Skeeter Bug1 Recommendation  Respond to of 132070
 
>>the Fed's ILLEGAL easy money policies<<

there, fixed that for you. the fed broke the law by taking money and credit aggregates parabolic to GDP.

here's the law...

federalreserve.gov

The Board of Governors of the Federal Reserve System and the Federal Open Market Committee shall maintain long run growth of the monetary and credit aggregates commensurate with the economy's long run potential to increase production...

here's what the fed did...

market-ticker.denninger.net

the red is money and credit aggregates and the green is the long run potential to increase production.

the "dual mandate" is a fraud designed to keep people from understanding the actual, legal, black letter law singular mandate of the federal reserve.

of course, i'm sure the fraud was an accident - everyone just misread section 2a by accident.

rich and powerful people would NEVER collude to game the system for their benefit.

NEVER, NEVER, NEVER!

history is all lies! -lol-