Most Americans would probably agree, if the Federal Reserve hadn’t come to the rescue in the 2008 financial crisis, the United States (and the world) would have sunk into another Great Depression.
However, most Americans don’t realize that the Fed caused the financial crisis of 2008 by keeping interest rates artificially too low for too long, fostering “irrational exuberance” and insanely leveraged mortgage bubbles.
How do you know I’m telling you the truth?
Ask yourself two questions:
- What caused the financial crisis?
- Where was ground zero?
If you don’t immediately and automatically, instinctively and historically know the answers to both questions, I’m afraid you don’t know what you don’t know.
That’s why I’m here, to lift the veil that’s been so carefully and expertly placed over your eyes so you don’t even know it’s there, and to tell you the truth – because no one else will…
The Federal Reserve System, the privately-owned central bank that most Americans believe is a department of the U.S. government, just publicly gave itself the last hammer it needs to nail shut the coffin they shoved free markets into.
By admitting it’s going to “think about financial conditions,” meaning the stock market, when exercising control over interest rates, the Federal debt, consumer and producer prices, employment, the economy, and investor returns, the Fed cemented its position as chief of the new command economy.
Here’s what happened, what you didn’t see happening, and what it means for the future of America’s capitalist democracy…