Comments about ‘This is not your parents' Federal Reserve’

"While the Feds announcement can be construed as good news for businesses and consumers that are net borrowers, it is simply more pain and anguish for net savers"-from the article

This is one of the biggest crimes of the Fed. It punishes those who live on fixed incomes by their inflationary policy and also those who try to save when they don't get their expected return. Our monetary policy for too long has encouraged debt and consumption over saving and investing, and all our central bank has to offer is more of the same. In 1974, Austrian (not from Austria, but the Austrian school of thought) economist F.A. Hayek won a Nobel Prize for demonstrating how a central bank's policy of artificially low interest rates set the stage for an inevitable bust. We are now living in such a bust due in part to loads of easy credit poured into the market. Do we want to avoid this in the future? It's time we had more substantial debates on monetary policy in our country.

Meanwhile back at the ranch, the Fed continues to perpetuate and encourage the exact same falsities and myths that got us into this mess.

Hurry up everyone, don't save, borrow! Consume!

Oh, and how about that 2300 pages of Dodd/Frank trash they call legislation. $20 billion in taxes to businesses that were of course passed on to consumers in the form of fees and additional costs....all at the same time Fannie and Freddie, the prime perpetrators of the mortgage collapse, go unregulated.

The government wants to control business, via taxattion (that is passed on to consumers), to enforce their politics. That way they can generate additional revenue while saying they did not raise tax rates on people.

Oh, and how about the myth that our lying president continues to perpetuate about how taxing the rich is going to solve something. If we conficscated every dime from every millionaire and every profit from the Fortune 500 we would pay the for the government expenditures/deficits for 1 year! Then what? At that point any and all business is gone as are any wealthy people creating business and jobs.

Well done. What a bunch of fools who believe the tripe the President continued to try to sell to simpletons during his recent State of the Union.

The Fed is just one extension the government uses to perpetuate fraud on the citizens of this countty but they are working from all angles.

The FOMC represents bondsmen and primary dealers--they benefit from QE and borrowing and make money for being middlemen and doing NOTHING. Whe nthe USA gets money Goldman Sachs is the bond middleman and they jack the prices to the worst level of any entity for the people of the USA---thank you Goldman Sachs. The Feds cost of living index is the only one in the world that does not include FUEL or FOOD when calculating inflation. What you see on the stock market is that the top 3 performer stock plays of last year were the 10,20 and 30 year treasuries---this means money itself is the commodity and that should be a a sufficient warning that we catastrophically lost our way. MONEY is NOT a commodity!!!!!!! The Federal Reserve must go--there is nothing complex in what they do or provide and having reverence for them is simply foolish.

The FOMC is made up of primary bond dealers and other bankers who all benefit as middlemen whenever money is borrowed or QE programs happen. Goldman-Sachs is the middleman for bonds for the USA--in other words they handle the bond exchange and manipulate it so the points for the USA are worse than any other client. Thanks Lloyd Blankfein you are such a great American. The Cost of Living index used by the Fed does not use Fuel or Food when calculating inflation--this is unheard of. The Fed is a body that deserves no reverence or respect and provides no service of any value that cannot be easily and sanely replaced.

From all indications these reports of the FOMC and the Fed Reserve the economy is running in reverse of what they claim.

If you factor in that the real tangible rate of inflation from debt is well over5%+6% then the economic growth rate of 2-2.5% is puts us in a negative economy and spreading wider every passing day. It also means our national debt is also going negative and the longer inflation exceeds growth the worse its going to get. Other nations for the moment are being polite trying to help the US struggle to some kind of sanity in our government leaders. But they can only be kind for so long or lose control of their own country.

Is this the year of the Myan Calendar predictions where law and order ends and chaos and anarchy begins?

The recession ended in June of 2009; stock market has doubled since then. Wars are ending. Things will continue to improve.