Federal Reserve Admits it Never Knew What it was Doing

The Federal Reserve is, at last, acknowledging at top levels that its economists are completely baffled, its recovery is failing, that the Fed cannot raise interest and may even have to heat up its stimulants … or we may end up with a permanently scarred and stagnant economy.

DYI Comments:  Actually the Federal Reserve knows exactly what it is doing but to express that publicly our citizens would be there with political pitch forks running these people out of the country and closing this central bank.  The main goal from day one of the creation of this monster is to endear the money centered banks profitability and bail them out when they are endangered by bankruptcy. These policies are in effect nothing more than a skimming operation transferring middle class and poor citizens earnings to the banks by inflating our currency.  Since the last vestige of the gold standard ended by President Richard Nixon the standard of living for average Americans has been declining.

   

The Federal Reserve cannot be fixed as it was/is never designed to be a instrument of the public.  It is designed to enrich the money centered banks.  The only way it can be fixed is by shutting down this monster.

DYI