The Fed on the Defensive

Always in the past, the Federal Reserve has remained free from serious criticism. The media are obedient lap dogs. So are the academic economists. The textbooks never point out that the FED is the enforcing arm of a huge cartel. The professors refrain from applying to the FED their analyses in their chapters on cartels.

Today, for the first time, there is a growing audience of intelligent people who are being exposed to the truth about the FED. This has taken place outside Establishment channels, which includes the largest talk radio shows.

The FED has had a 90-year free ride. That ride is over. The FED will never again get off scot-free.

Distrust in the FED is growing among the populace who, until recently, blindly placed their faith in it. Deeds and results, not faith, should be our guide. Secrecy and hubris in political affairs is an indication of deceit and corruption. The refusal to provide answers to legitimate questions is confirmation of that deceit and corruption.