Apparently there was some discussion among my family recently about the Federal Reserve and the current economic climate. It certainly appears that the "Plunge Protection Team" is hard at work .
The Federal Reserve and now the European Central Bank are pumping "money" into the markets, apparently to stave off a market collapse
If you understand fractional reserve banking you know that a crash is inevitable sooner or later. If you have no idea what I am talking about then I would suggest reading "The Creature from Jekyll Island" by G. Edward Griffin. You can also hear a decent interview with him below:
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More on this later.
John
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