Wealth Management

Voted #6 on Top 100 Family Business influencer on Wealth, Legacy, Finance and Investments: Jacoline Loewen My Amazon Authors' page Twitter:@ jacolineloewen Linkedin: Jacoline Loewen Profile

April 2, 2011

Why the era of top secrecy for the Federal Reserve should end

The US FED is a privately owned bank. It will only disclose what it wants to. 
No-one including the US president will be able to get what info they want out of them. Even the US treasury is run mostly by former Goldman Sachs employees. It's a revolving door. They don't call it Government Goldman for nothing. 
Doesn't matter anyway. All shall be revealed in a few months when QE2 runs out. The FED has become the lender of first and last resort. 70% I'll say again 70% of treasury purchases are coming from the FED. They are in effect printing massive quantities of digital dollars. 
The US is in trouble either way it goes. If QE ends the economy collapses, if they continue, the dollar collapses. The pyramid scheme of money creation is coming to an end.

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