SECRETS OF THE FEDERAL RESERVE

Friend clued me onto this reference and I searched and found this recounting of FED action right before the Crash of 1929
"The New York World" said on that occasion:

"Criticism of Federal Reserve Board policy by many investors is not based on its attempt to deflate the stock market, but on the charge that the Board itself, by last year's policy, is completely responsible for such stock market inflation as exists."

Currently the FEDERAL RESERVE policies are doing the same thing as what preceded the last great depression. It is directly responsable for the market speculation and has made sure nary a hole exists for reasonable return on your money other than risky speculation.

There easy money, low rate policy led to the very financial crisis we find our selves in, not many seem to understand this

D