“Almost every Fed chairman in the past 60 years has manipulatedinterest rates to brighten the economic outlook for incumbent presidentsor newly elected presidents who won by large margins. Thepurchasing power of the U.S. dollar has fallen 94 percent in the past100 years. The only way you can create inflation is by creating moremoney that is backed by the same reserve assets; the Fed is the onlyentity that can create more money. Ben Bernanke’s quantitative easing(QE) programs have pumped billions of unfunded dollars into theeconomy, thereby setting us up for massive inflation in the very nearfuture. If this isn’t a form of financial terrorism, it is incompetence of the highest order.”

Ziad K. Abdelnour
Time Courage Neutral

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