Does the Federal Reserve Really Act in the Public Interest?

in #market6 years ago (edited)


In this report I cover the early market action from London on Thursday, August 30th, 2018. I look briefly at the precious metals, the stock market, the dollar and the oil price.

Today I look into the concept of controlled opposition as it relates to the Federal Reserve. I recently listened to an interview on Greg Hunters channel of Danielle DiMartino Booth a former Dallas Fed employee. In this interview she tells Mr Hunter that the Fed chairman Jay Powell is working for the American public and doing what is good for the public.

So in this report I disprove the belief or propaganda that the Fed is looking after the public interest by looking at the origins of the Federal Reserve and theMr Powell's background in business and government.

My conclusion is that Fed chairman Powell and the Fed are not looking after the public interest and that the U.S. central bank needs to be abolished and not improved or reformed like Ms DiMartino Booth believes.

Greg Hunter interview:

maneco64 store: https://teespring.com/en-GB/stores/maneco64

The Creature from Jekyll Island by G.E. Griffin: https://www.amazon.co.uk/gp/product/091298645X/ref=as_li_tl?ie=UTF8&tag=maneco64-21&camp=1634&creative=6738&linkCode=as2&creativeASIN=091298645X&linkId=3b220dbf7824c7fb57930bc23468d2ee

The Secrets of the Federal Reserve by E. Mullins: https://www.amazon.co.uk/gp/product/1507822529/ref=as_li_tl?ie=UTF8&tag=maneco64-21&camp=1634&creative=6738&linkCode=as2&creativeASIN=1507822529&linkId=ec11a553a47125e6bb2bb4fbd1aafa9f

What Has Government Done to Our Money by M. Rothbard: https://www.amazon.co.uk/gp/product/1610166450/ref=as_li_tl?ie=UTF8&tag=maneco64-21&camp=1634&creative=6738&linkCode=as2&creativeASIN=1610166450&linkId=454db3ee0b2babbb04528751520708b0

The War on Gold by A.C. Sutton: https://www.amazon.co.uk/gp/product/1939438128/ref=as_li_tl?ie=UTF8&tag=maneco64-21&camp=1634&creative=6738&linkCode=as2&creativeASIN=1939438128&linkId=8779d1794c684c76968396456107f675


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Good job on the consistent videos. I wish the economic system was more around the citizens than the power players.

Thanks for the feedback @realestatecoach

Thank you for exposing Danielle M. Booth who is cheerleading FED actually.

You are welcome @sryutaro

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@maneco64

Your video helps me to know market prices wonderfully
Really you are a wonderful investor and successful thank you for the wonderful information

When does a person get enough rewards that they stop upvoting themselves? Why does someone upvote themselves in the first place?

Greg interviews a wide range of people with diverse and different views, even Bo Polny! I am glad he does, it is up to us to discern what make sense and what is BS. I commented on an interview by Martino-Booth some months ago I wrote "You are wrong, Think Again". Controlled opposition? agreed, most likely.

It's always good to hear from outside of the echo chamber. I like G. Hunter as a reporter. And a good reporter should not be afraid to present the other side of the story. Thanks Mario.

"Ahh hae tae disagree wi' ye oan thes one Maneco. Ahh believe Danielle DiMartino Booth is a straecht shooter. Obvioosly she isnae pro-Fed as we see by th' nam ay 'er book, "Fed Up". She was simply sayin' 'att thes current fed chairman main be th' most independant one we've hud in a lang time."-Keptin

30au2.jpg

https://steemit.com/silver/@joshuaslane/silver-adventures-of-captain-joshua-slane-30au18-silver-bullion-chartwork

The FED only seems independent because they are politicizing themselves opposite of the dually elected POTUS. He is still winning. With the crypto in play they are surely a dieting breed.

To the question in your title, my Magic 8-Ball says:

Do not count on it

Hi! I'm a bot, and this answer was posted automatically. Check this post out for more information.

Right, the Fed is a cancer, and it must disappear. It is the origin of all evil in America.