As far as our GDP targeting with monetary policy that is a joke. Our trade deficit is off the charts screwed up and neither the federal government nor the FED give a hoot in hell. Both of them are personally assisting in the dismantling of all our manufacturing and moving them to China. They are hiding the true unemployment numbers and handing out EDB cards to over 50 million people.
How do you borrow $2 trillion from China then play hardball to have an even trade deficit? They have you by the balls. They simply call in the debt and crash your stock market and economy if you bother them. You have no power over them at all and they control you. Debt to communist generals is dangerous as hell but we wanted our UNFUNDED social programs and cheeseball wars...... to save the FED's dollar. The FED was only too happy to middleman that deal.
Our government has been reduced to a money junkie in debt over $16 trillion to the central bankers. They are worthless to make decisions on our behalf regarding the bankers, monetary policy or GDP etc. The FED bankers simply threaten to cut off the $1.5 trillion a year deficit spending money and the politicians will grovel at their feet and LITERALLY do anything asked. It is an alliance from hell.
DEBT DEBT DEBT = FED You have to wonder how all this power is derived from a worthless fiat currency only supported by the sheeple believing it has value. Yep, some more unbacked currency created with debt attached ought to straighten out this mess!
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