Federal Reserve
The Federal Reserve is Getting Desperate
In a sign that the Federal Reserve is growing increasingly desperate to jump-start the economy, the Fed’s Secondary Market Credit Facility has begun purchasing individual corporate bonds. The Secondary Market Credit Facility was created by Congress as part of a...
The Federal Reserve: The Engine that Powers the Most Powerful Government in History
The Federal Reserve serves as the engine that makes all of the U.S. government’s unconstitutional spending possible. Without the Fed, the entire system would collapse. Case in point, in March and April of this year, the Federal Reserve effectively monetized 100...
The Fed’s War on Savings
During a March 17 address to the nation in response to the COVID-19 outbreak, President Donald Trump asked that Americans work from home, postpone unnecessary travel, and limit social gatherings to no more than 10 people. Ten days later, Trump signed a stimulus...
Stimulus Bill Lets Fed Operate in Complete Secrecy
Last week, Congress passed a $2 trillion stimulus bill in an effort to offset the economic impacts of the coronavirus. Most people have focused on the $1,200 checks to Americans and bailouts for industries hard-hit by the economic shutdown. But the 883-page bill does...