Skol the Fed is a government dept just like the US treasury.
During the second world war Congress pretty much took over the Fed and forced them to backstop the Bond market.
During the financial crises the Fed engineered a reverse take over of government by threatening Congress with financial chaos if the Banks were not bailed out.
Congress being as weak and greedy and spineless as they are fell over themselves to sign up to the bailouts
- Forums
- Commodities
- GOLD
- Gold pattern pointing up
Gold pattern pointing up, page-499
-
- There are more pages in this discussion • 713 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)