Profiting from Fed Lies and Distortions

Prof. Robert Auerbach and commodities trader Jim Liles are our main guests on the radio program this week to talk about the Fed and its affect on our wealth. Auerbach says $1.5 trillion representing about 57% of QE2, was pumped into banks that are being paid around $10 billion per year to hold as reserves. That’s why, he says, the real economy has not been stimulated. And with cash flow to banks growing to $60 billion with a normalization of interest rates, there is no incentive for bankers to risk making loans. But that policy is no mystery as 2/3 of the Fed directors are elected by the banks. The Fed continues to reward bankers, rob average . . . → Read More: Profiting from Fed Lies and Distortions