News Analysis: With the U.S. Federal Reserve (Fed) Management its Financial Myopia Of 2008 Continues today with little learned by its past. Unfortunately the Management “Masters of the Universe” at the ‘Fed” are continuing with “Same-O, Same-O” policies since 2008. The University Economics Professors who join the ‘Fed’ and later go back to “Academia” do not understand: America Used To Be “The Benchmark Of Capitalism”. In the Capitalistic World, Businesses have the ABILITY TO SUCCEED OR THE ABILITY TO FAIL. Through successes, America improved.
Today, “Some Businesses are Too Big to Fail” Washington Politicians decree. They take Tax Payers money and ‘shore up’ the poor producers (such as defunct Solar Energy Companies like Solyndra); at a cost of 500 Hundred Million Dollars.
The ‘Fed’ presently sits on $4 Trillion Dollars of Obligations it acquired during its Inept Reign since 2008. How does it pay back its obligations? Certainly, it cannot do so in the brief remaining term for the President (who gave the ‘Fed’ a free-hand in running things).
Allegedly the former Head of the “Fed” goes back to Academia; the new Head comes from there. Like a ‘Teeter-Totter” the ‘Fed’ goes up and down (but takes its occupants no where different).
Reality.
Reference: http://www.bbc.co.uk/news/business-26297789