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Forum Post: Federal Reserve = Reverse Robin Hood

Posted 11 months ago on May 7, 2013, 2:59 p.m. EST by enough (589)
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[-] 1 points by OTP (-203) from Tampa, FL 11 months ago

US Treasury Bonds- A risk free return? More like a return free risk.

Bernake is the Wall St MVP so far this year. Unlimited bailouts. Most Americans dont even know who he is.

[-] 2 points by enough (589) 11 months ago

You're right. Bernanke is a derivative, unelected appointee yet he and the Federal Reserve run our economy. One century ago, the U.S. Congress decided it was a good idea to delegate monetary policy to a group of Wall Street insiders, whose operations are opaque to Americans that are directly affected by their decisions. Further, the Fed is part of an inbred group of central bankers around the world who obtained their doctorate degrees from MIT and closely coordinate their monetary experiments. It is foolish to think that nothing could possibly go wrong with such a groupthink arrangement on a global scale.

http://www.zerohedge.com/news/2012-12-12/how-handful-unsupervised-mit-economists-run-world?page=5