The Biggest Heist in Human History
by Mike Whitney
Posted October 8, 2016
Now we’ve all heard the expression, “The definition of insanity is doing the same thing over and over again, and expecting a different result”. Well, the Fed has been doing the same thing for the last seven years — dumping money into the financial system while predicting stronger growth. That would seem to suggest that the Fed is insane, but is the Fed insane?
No, in fact, the members of the FOMC are extremely-bright, well-educated professionals who have a solid grasp of the economy and the many intricacies of the financial system. These are smart guys, real smart. So, maybe they have an ulterior motive. Maybe that’s why they’ve stuck with the same failed policies all these years. But if they have an ulterior motive, then what is it? What are they trying to achieve? More…