The Federal Reserve

In the last week, we have seen the market reach 18,000 and then go up and down like a yo yo.  Well, the first thing you must understand is that the Federal Reserve is not a government agency, but a private corporation established under the Wilson administration by a group of rich individuals from a meeting on Jekyll Island.  An interesting read by the way.  So, we have a private group in control of our interest rates and monetary policy where those who organized the Fed from this meeting, make money.  If you do not think so, you better check it out.  We have the chairperson, Janet Yellen, who makes the decision on what monetary policy we will have.  Quantum Easing 1 &2 was just printing money or should we say electronic buying of bonds.  When this is done together with keeping interest rates down, we see the stock market rise.   Now, remember printing money will eventually destroy our economy.  Germany did this in the 1920’s and led to high inflation, destroyed the economy and led to the rise of Hitler.  Yes, as we have seen lately, depending international conflict or a bleep in our domestic reports the market goes down, but you can rest assured within a few days it will rise.  Stock brokers and their companies, sell and when it goes down to a certain amount, they buy what they sold when it was high and buy when it is low.  Making money and you continue to get screwed.  As long as rates are low, the market will rise and that is the reason rates remain low.  That is also why we need to have the Fed investigated and their books opened.  If you are not an investor, you get screwed if your money is in a savings account.   The Fed, a private corporation is benefiting and you and I are get screwed. 

But getting our elected officials to do this is difficult.  You can guess why.  But, I will say, as a member of Congress you can get inside market information without any legal complications.  But if you or me get inside information, we get arrested.