Federal Reserve – The Con, The Fraud, and The Lie
By: Barry M Ferguson
Market Oracle
Sep 20, 2013
What do we think of when we hear the words, ‘con’, ‘fraud’ and ‘lies’?
Correct! The Federal Reserve Bank.
The Con
The Chairman, Mr. Bernanke, paddled across the river Styx to address the nation over which he rules on Thursday, September 19, 2013. Since he and his associates had so clearly intimated over the last several months a reduction in the $85 billion per month bond purchase program known as ‘quantitative easing forever’, nearly everyone anticipated, and expected, an announcement of some reduction in the amount of those purchases. But alas, there was no such reduction. The Fed elected to keep the current rate of purchases in place until they were more comfortable with real signs of economic recovery.
The Rest…HERE
