What is the "Federal Reserve Bank" doing? What will be the legacy of all the cheap money they are creating? Here are some suggestions from the WSWS website:
http://www.wsws.org/en/articles/2013/09/23/pers-s23.html
One thing is certain: by buying up all these cheap assets, the Fed is making itself one of the biggest "owners" of property in the US. When the shit hits the fan, many of us will discover that the Fed is our landlord, and I don't think compassion will be high on their list of priorities.
And here's another analysis of the same issue, one that predicts that soon all the money we pay to the IRS will go to fund the debt; i.e., the Fed will get every penny we pay:
http://www.cnbc.com/id/101062461
If you haven't read Confessions of an Economic Hitman by John Perkins, you should. The US is now being subjected to the same process he describes in the book: persuade governments to borrow more money than they can possibly repay, and then subject their economies to draconian measures when things collapse. In other words, sell them the rope with which to hang themselves.
Isn't that exactly what is happening? Who are the shareholders of this "bank", and what is their agenda?
SO SORRY !!! It's a privately held corporation that has never been audited.
What a stupid country !!!
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