"Everything you need to know about gold"
A VISIT TO JEKYLL ISLAND
Earlier this year, I had the opportunity to visit Jekyll Island and see some of the landmark buildings where secret meetings took place which led to the origin of the Federal Reserve in 1913…
With all the attention that the Federal Reserve gets today, it might be a good idea to learn a bit more about that origin which is steeped in controversy regarding claims of conspiracy.
The Fed always does its job. So, just what is their job? And, how well do they perform?
For the answer to the first question, one statement will suffice: The Fed’s job is to create money; at all times and in all seasons.
The Federal Reserve Bank creates money for the US government to spend and for banks to loan. It is a partnership that dates back more than one hundred years.
FED-WATCHING IS OVERHYPED
If you are one of those who is looking for clues from the Federal Reserve as to the direction of the markets, forget it. You are too late.
Too many people think that the latest Fed minutes will give them some indication of what to expect from the markets. Those same people think that the Fed actually has a strategy and that they are “managing the economy” with the intention of pursuing what is best financially and economically for the country.
Wake up! The Federal Reserve does not exist and operate with the intention of acting in our best interests financially, economically, or in any other way.