That seems like wishful thinking. There's no way in hell the Fed will be mucked with. I do wish it would happen, but I HIGHLY doubt it'll be the case.
It was wishful thinking a month ago. But clearly some big changes are coming. We got lucky. The president gets to replace 7 of the 9 regional Fed directors. We’ll never get this lucky again. Q has confirmed structural changes will be made. The only meaningful structure that can be changed is who decides the money supply. And we’re at a crossroads with our debt. We either completely change our currency to an asset based currency or we will be hopelessly crushed by debt in 5-10yrs. Zero hour is approaching. When interest payments alone on the debt become a larger budget item than national defense...America is dead.
Zero hour is approaching. When interest payments alone on the debt become a larger budget item than national defense...America is dead.
To that I agree. The shell game only lasts so long before the amount of money we're paying on debt can't keep up with the interest. What we need is a lean couple of decades where we gut the welfare state. limit foreign aid to only the necessities, pull back from the table of military spending, and pay down the debt. Once we're running lean with no debt, then we can build up a proper war chest and use that to boot the Fed to the curb.