How The Fed Has Failed The Nation - Should be - How The Fed Has ROBBED The Nation
How The Fed Has Failed The Nation (In One Chart) The real reason for ZIRP and QE was to rebuild the balance sheets and profits of banks on the backs of savers by Charles Hugh-Smith | Zero Hedge | March 31, 2015 There is only one way to end the financial tyranny of the Federal Reserve – abolish it, and put an end to the predatory pathologies of its policies. The Federal Reserve has failed not just the nation and the U.S. economy, but more importantly, the American people that it supposedly serves. It has also failed the world, by showing other central banks that they can reward private banks and top .01% with absolute impunity. The supposed goal of the Fed’s zero-interest rate policy (ZIRP) and quantitative easing (QE) was to make borrowing easier for both corporations and consumers, the idea being companies would borrow to invest in new productive capacity and consumers would buy the new goods and services being produced with cheap credit. The secondary publicly stated goal ...
