Back in 2009, The Federal Reserve violated the law with decisions - TopicsExpress



          

Back in 2009, The Federal Reserve violated the law with decisions to make asset purchases that were blatant violations of what was legal per their own charter. The Fed thumbed its nose at Congress with knowingly false testimony such as "The Federal Reserve will not monetize the debt." But it did. Congress, despite having actual knowledge of the lawless behavior being displayed and its probable intermediate-term consequences including catastrophic dislocations in the markets sat back and not only allowed this, but cheered it on! Global wake-up time is coming. The Federal Reserve and all central banks are now staring into the dark abyss of self-desruction they have caused. Unfortunately, we go down with them because we slept through all this... Hold on tight.
Posted on: Tue, 11 Jun 2013 13:40:36 +0000

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