/https://www.thestar.com/content/dam/thestar/business/opinion/2021/12/28/the-feds-big-lie-that-much-of-the-world-has-bought-into/jerome_powell.jpg "The Fed’s big lie that much of the world has bought into")
The Fed’s big lie that much of the world has bought into
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“The human brain is a complex organ with the wonderful power of enabling man to find reasons for continuing to believe whatever it is that he wants to believe.” — Voltaire
We are living in an era that is undeniably confusing, especially to veteran investors. By veteran, I mean someone who has been around long enough to have witnessed a number of market cycles, or at the very least has dusted off a few books on economic history. It almost feels as if there is a universal collective denial of the obvious facts. And, truthfully, I believe there is something much more insidious at play, and the precarious state of the U.S. financial system is, in fact, known to those who pull or influence the levers of monetary policy.
For the better part of 20 years, I have been pointing to the actions of the U.S. Federal Reserve as the root causes of market and housing bubbles, inequality and, more recently, high inflation.
