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You Can Always Trust the Fed

From rmegold.com

We have to take issue with most Americans. They don’t trust the Federal Reserve. Two Ipsos polls this year, commissioned by Axios, show that a majority of the people, ranging from 53 percent to 60 percent, don’t trust the Fed. The numbers might have been higher, but the polling was done before all the stories broke about possible insider trading at the Fed. After the failures of Bears Stearns and Lehman Brothers in 2008, the Federal Reserve secretly committed the American people and the US government to $29 trillion in bailout commitments. No debate, no legislation, to authorization. $29 trillion! Wall Street on ... (full story)

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  • Category: Fundamental Analysis