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Stockman: The Fed Is A 'Central Bank Gone Crazy'

Thursday, May 2, 2013 - 7:31 AM
"This is a Federal Reserve that has allocated to itself the role of central monetary planner. We have lost our way with the central bank. It was never meant to rig interest rates, set 10-year bonds at 1.7 percent, which assuredly it is, because it's buying [so many] billions of bonds a month.”

http://www.thefiscaltimes.com/Articles/2013/05/02/Stockman-The-Fed-Is-a-Central-Bank-Gone-Crazy.aspx#page1
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ShorebreakShorebreak2,622 posts since
Apr 6, 2010
Rep Points: 14,216
1. Thursday, May 2, 2013 - 11:26 AM
So anyone who "isn't" crazy knows that what is happening is either on purpose to destroy our economy or being done by people who belong in mental wards and NOT handling the finances of our country!  Stockman is right but he needs to get powerful allies who can help him try to come up with solutions for our monetary problems and get the mental cases out of government and put away where they belong!
2
paoli2paoli21,372 posts since
Aug 10, 2011
Rep Points: 6,011
2. Thursday, May 2, 2013 - 12:31 PM
Re: paoli2 @ 1. Thursday, May 2, 2013 - 11:26 AM

"Stockman is right but he needs to get powerful allies who can help him try to come up with solutions for our monetary problems and get the mental cases out of government and put away where they belong!"

I'm afraid that won't happen any time in the near future paoli2. The inmates are running the asylum these days while their pals in high places, who support them, are receiving tons of money just for being there.
6
ShorebreakShorebreak2,622 posts since
Apr 6, 2010
Rep Points: 14,216
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