Key Federal Reserve officials and invited guests are currently meeting in Jackson Hole, Wyoming at the Kansas City Fed's Economic Symposium. Sometimes called a retreat this annual Fed meeting is an important gathering of the cabal that controls how much your money, the US dollar, is worth.
The big question again is how much will the Fed debase the greenback as the risk of a double dip recession has increased.
Having this small group of elitists decide who to punish (savers) and who to help (bankers) turns democracy and capitalism on its head. I don't suppose any widows and orphans are represented. You can bet there are no "savers" there, plain working folks who would just like to put their hard earned money in a hopefully safe savings account or money market fund and earn a decent and fair interest rate for their savings.
No luck for the thrifty. The Fed's little bankster gathering will scheme up ways to plump up bank profits at the expense of the frugal. The Federal Reserve System that has been lashed to backs of American consumers is a serial debaser of wealth and prosperity.
There is a growing number of "End the Fed" voices (note: most economists have been "bought" by the Fed). Yes, it is time for the Federal Reserve to retreat, all the way to the dust bin of history, and be replaced by something that does not promote bubbles, busts, and inflation.
End the Fed by Ron Paul
Wall Street Journal:
Ins, Outs of Jackson Hole Fed Meeting
Priceless: How The Federal Reserve Bought The Economics Profession
Criticism of the Federal Reserve
- New Fed Proposal To Bankrupt America: Government Guarantee Of Entire ABS Market
- Michigan Says Enough To Fed: Takes Matters Into Own Hands...
- Why The Fed's Upcoming Jackson Hole Economic Symposium Could Have Wide-Ranging Implications
- St. Louis Fed Explains Why The Fed Has Cornered Itself Between Deflation And (Hyper) Inflation
- The Longwave Group On Why The Fed Must Be Abolished
- Sprott Calls The Fed "A Ponzi Scheme"
- How The Federal Reserve Bailed Out The World
Robert P. Murphy / Ludwig von Mises Institute:
The Fed as Giant Counterfeiter - An Old-Fashioned Monarch With a Printing Press
Matt Taibbi / Rolling Stone:
Wall Street's Big Win
The Johnsville News:
The Great Con Job - Dylan Ratigan Exposes the Bankster Fed Con Job
Cost of this time down: Stagflation
Close Down the Federal Reserve
Discussion: Did President Woodrow Wilson say or write the following?
"I am a most unhappy man. I have unwittingly ruined my country...", after signing the Federal Reserve into existence in 1913