The Federal Reserve has “managed to turn the nation’s vital money and
capital markets into dangerous, unstable casinos, and the nation's
savers into indentured servants of a bloated and wasteful banking
system.”
The Federal Reserve has allowed the responsible savers
in our country to be raped in favor of the banks. Instead of paying 3%,
4%, or 5% in interest to the savers, they pay 0.1%. They get to keep the
interest which, in a normal, non-Fed-interfering, economic environment,
they would pay out. They use those funds to pay dividends and/or buyback
stock among other things. Meanwhile savers watch their dollars decline
in value as the Fed continues to print more and more dollars.
Read David Stockman's article, Audit the Fed -- And Shackle It Too > >
The Lost Art of Critical Thinking and Common Sense in Politics and Public Policy
