Today in ABCNews.com's article, titled "Fed Forecasts Higher Unemployment, Higher Inflation" interesting word choices were made describing Fed actions:
"The updated forecasts come amid worry by Federal Reserve Chairman Ben Bernanke and his colleagues that the U.S. economy could continue to weaken, even after their aggressive interest rate cuts in January, according to minutes of those private deliberations released Wednesday.
"With no signs of stabilization in the housing sector and with financial conditions not yet stabilized, the committee agreed that downside risks to growth would remain even after this action," minutes of the Fed's Jan. 29-30 closed door meeting showed."
It is interesting that before Ron Paul came on the scene, no mention was made of secreitive Fed actions and policies.
"The updated forecasts come amid worry by Federal Reserve Chairman Ben Bernanke and his colleagues that the U.S. economy could continue to weaken, even after their aggressive interest rate cuts in January, according to minutes of those private deliberations released Wednesday.
"With no signs of stabilization in the housing sector and with financial conditions not yet stabilized, the committee agreed that downside risks to growth would remain even after this action," minutes of the Fed's Jan. 29-30 closed door meeting showed."
It is interesting that before Ron Paul came on the scene, no mention was made of secreitive Fed actions and policies.
The fed is designed to manage the economy. Based on the fact that economic swings continue and it is no secret how to prevent them we must assume they want them to happen. The same way we can assume that the education system wants dumb kids based on its results. Government is not a grand failure. It is a grand farce. Everything they do is done on purpose and made to look like an accident. Government incompetency is less insidious than government conspiracy so that is how its sold to us. But I think with all the resources and smart people the government has at its disposal these results are probably no accident. I think we are being taken for a ride.
