IPFS News Link • Federal Reserve
"Fed Will Destroy The World"
• http://www.zerohedge.com, "Everything will collapse" is the consequence Gloom, Boom, & Doom's Marc Faber sees from the Fed's latest 'stimulus' (and the fallacy and misconception of how money-printing can help employment). In a wondrously clarifying interview on Bloomberg TV this morning, Faber explained why he was 'happy', since "the asset values of his holdings will go up" but as a responsible citizen he is worried because "the monetary policies of the US will destroy the world." It truly is class warfare under a veil of 'its good for you' as he notes: "the fallacy of monetary policy in the U.S. is to believe this money will go to the man on the street. It won't. It goes to the Mayfair economy of the well-to-do people and boosts asset prices of Warhols." Congratulations, Mr. Bernanke.
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1 Comments in Response to "Fed Will Destroy The World"
You do not understand. Ben is doing a phenomenal great job. Ben’s job is not to save the economy; it is to save the banks (owners of the Fed -- including the Rothschild family).
He is the employee of the (unknown) cartel that owns the BOG. The BOG is a privately owned corporation that claims to be a government agency. Privately owned corporations do not have to publish any accounting records or profits.
The BOG is currently making $4 billion EVERY DAY from the auctions of Treasury securities. That profit is hidden by the FRBNY’s exclusive handling of the auction accounts and distributed to the Primary Dealers (owners) disguised as purchases of securities being redeemed. There is NO PUBLIC information on the disbursements of the funds. Ref. FEDERAL RESERVE HEIST, www.scribd.com/doc/101937790 .
If Ben did not infuse more money into circulation, the banks (owners) would have to devalue their assets to market value. They would be bankrupt. Ben is saving the banks. Temporarily.
It is another chapter in Benjamin Ginsberg’s book, FATAL EMBRACE; “financiers” AND THE STATE.