What The World Needs Now


The Fed’s job has changed from stabling banking in 1913 to promoting means for the government to borrow money at low cost .i.e low interest rates which is creating a sovereign debt bubble (related to monetary policy) that will implode either slightly before or slightly after 2020

sentinelblog

From Alhambra Investment Partners, by Jeffrey P. Snider

What good would opening monetary policy do? The “audit the Fed” bill has been passed again, this time out of committee and possibly set for a floor vote in the House. Though questions remain about the Senate, with at least President Trump its prospects are better than at any time it passed before. Proponents of the idea want to make monetary policy an open matter, though it isn’t really clear why. They claim that secrecy is a hindrance or too much power, but in truth I fail to see much if any difference if the discussions were given to the public contemporarily.

After all, we haveall thematerialnecessaryright nowwithoutthe auditby whichto burn the Fed to the ground. The transcripts from both 2008 and 2011 (as well as a good many in the years before…

View original post 1,222 more words

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s