Monetary Cocaine: How The Fed Steals America’s Savings (Video from David Stockman)


There was a time when saving, being prudent, delaying gratification, and being modest was rewarded in this country. That is much less the case now under a Federal Reserve which manipulates interest rates down for the benefit of the Wall Street class.

A few more kilos of fiat blow ought to keep the boys happy until the next FOMC meeting.

David Stockman sums it up nicely.