“But I don’t care if #Americans think we’re running the #News #Media, #Hollywood, #WallStreet & the #Government, I just care that we keep running them”. Joel Stein, #LATimes, Dec 19, 2008, wrote about How #Jewish is Hollywood.
I believe the FED will manufacture a recession by 2020 via raising interest rates in several steps. I never ever forgave Alan Greenspan for a) manufacturing the recession of 1992 by increasing interest rates 5 times, b) the bailout of Hedge Funds by Wall Street in 1998, and c) persuading the Banks to offer so called Teaser Rates Loans to Mortgage Holders, and then he increased the interest rates 17 times, created the 2008 collapse, ripped off all those property owners, confiscated their properties and down payments by the Banks that sold them the Teaser Rate Negatively Amortized Mortgages in the first place”. If this is not a definition of a perfect crime, then someone please humiliate me and tell me WHAT IS? The rise of Crypto Currencies BitCoin is a testament to the failure of the FED and of US Dollar/other Fiat Currencies.
The problem with printing unlimited fiat currencies is that it creates inflation in prices, stagnation in wages. This has been the legacy of the FED in the past 40 years.
Jim Rickards made a valid observation: “In 1998, Wall Street bailed out the Hedge funds, Then in 2008 The US Gov’t bailed out the Wall Street. Now the question is who is going to bail out the US Government?”
The answer is: “#We The People have to bail out the Gov’t”.