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Precious Metals
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little criminals - big crimeshttp://nypost.com/2015/08/31/why-the-federal-reserve-should-be-audited/ Why the Federal Reserve should be audited by John Crudele NY Post [excerpts] -- The Fed needs to be audited to see if its ruling body has broken the law by manipulating financial markets that are outside its jurisdiction. A thorough investigation of the Fed will show once and for all if its former chief Ben Bernanke and current Chairwoman Yellen should go to jail. -- The Fed should be audited as a brokerage firm would be — its financial holdings, its transactions, market orders, emails and phone calls. Special attention should be given to what is called the “trade blotter” at the Federal Reserve Bank of New York, which handles all market transactions for the Fed. -- The Fed’s dealing with foreign central banks — especially at times of market stress — should be given special attention. Trades in the wee hours of the morning should be in the spotlight. -- Wall Street’s real problem is that there is a bubble in stock prices created by years of risky monetary policy by the Fed. Quantitative easing, or QE — the experiment in money printing that has kept interest rates super-low — hasn’t helped the economy . . . . and . . . . none of that is illegal. -- It’s time to find out what the Fed has been up to. In this case, ignorance isn’t bliss — it’s costly. |
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