Please keep in mind that the Federal Reserve, while it is theoretically an independent entity, is actually owned and controlled by private banks. They “buy” stock, as I understand it, but it is non-transferable stock. In effect, you have to be invited to the party.
For example, sitting in one of the three primary seats on the Federal Reserve Bank of New York–the most important one, by design–is the CEO of JP Morgan Chase, Jamie Dimon. I was reading on CNBC today that JP Morgan doesn’t expect the Fed to raise interest rates any time soon. How could they know this? Well, in large measure because it is their decision.
The point I wanted to make, though, was that something on the order of a trillion dollars was given out to US Treasury bond holders, which no doubt included preferentially Federal Reserve member banks, who not surprisingly are posting large profits. This money was created for the purpose. What they are doing with it, we have no idea, but how hard would it be to buy up blocks of stocks, then dump them to create market disruptions, and then bargain buying, or politicaly instability?
That this is illegal would not matter if the discussion were held at a Federal Reserve meeting over tea and crumpets. None of these meetings are open to the public, and the Fed has no serious reporting requirements.
As I say often, it doesn’t matter if conspiracy theories like this are true or not: what matters is that if they COULD be true our system has serious flaws in need of fixing.
We need to end the Fed. http://www.goodnessmovement.com/Page14.html
This plan will work for Europe and it will work for Japan.