What I find interesting is how the Fed is always right, except for when they're not. And they're not right about 90% of the time. I realize that's a contradiction, but I've noticed that's all the Fed does is contradict itself.
The price of gas, milk, bread...i.e. everything you buy on a daily basis has gone up in price, and the sole reason points to the Federal Reserve because the Fed is a monopoly of control of the dollar. The Fed prints too many dollars, which is inflation, and it is the reason your paycheck doesn't go as far as it used to.
If you ever listen to the Fed Chairman speak, which is what I used to do when I had my Series 7, they use so much economic jargon, it sounds like they are speaking Chinese. What they are really trying to do is "baffle you with bullshit." All they really do is print money and control interest rates.
They use a Keynesian Economic model, which is a model that thinks it's OK for the peasants to experience inflation because after all, they are just slaves anyway, and slaves have no Right to keep the fruits of their labor.
Since the Fed has been in control the dollar has lost 97% of it's value. That's all anyone needs to know.
No comments:
Post a Comment