Monday, May 23, 2016

The Federal Reserve 
"Is An Immoral, Unconstitutional, Disaster"
Laissez Faire article & followup piece by Jeffrey Tucker .. begins by quoting Dr. Ron Paul*: "Even after all these years,” Dr. Ron Paul said at a recent CATO event, “of studying and reading and trying to figure out the system, I have come to a very fair and balanced position on the Federal Reserve .. I think there’s no doubt that the Federal Reserve is immoral. It’s unconstitutional. And it’s a disaster. We don’t need it." .. also quotes financial analyst Dawn Bennett: "Investors are seeing the truth behind our so-called recovery, which is that it’s just not a recovery. They are acknowledging the signs that we may be on the brink of an even greater collapse, despite the words coming from media pundits, government stuffed shirts, and the Federal Reserve. And in the face of deranged markets, the draw of gold is clear .. Time again .. central banks, not least our own Federal Reserve, have inflated asset bubbles through their manipulations: credit, housing, now equities. And despite the consistent failure of free money and quantitative easing, they keep doing it, and many of us keep clamoring for it… Globally, central bank intervention has led to trillions of dollars of asset inflation, in yen, euros, yuan, and yes, dollars."
LINK HERE to the article & essay

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