I want to thank Investment Notes for Sharing This:
This video, though funny, explains almost exactly what is going on with monetary policy & “Quantitative Easing” and how foolish the actions of the Fed have been, and how sketchy the relationship of the Fed to the health of the US economy has been. And this is not a recent phenomenon: The Federal reserve has been behind the growth of unhealthy asset bubbles in the past.
For those of you that enjoy reading history, and/or you really want to get to the bottom of the causes of the troubles of 1929, you must read Benjamin Anderson’s book, Economics and the Public Welfare, which outlines economic policies and ramifications year by year from 1914-1946 – an EXCELLENT and thorough read.
Enjoy the video:
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