I, like many of you, have studied this in depth. Again, the truth is shocking compared to what I learned in undergrad work by taking macro economics. Maybe if i could have read between the lines when I was 18, I would have drawn the same conclusions about the federa reserve. That main conclusion is that it's existence is simply a hidden tax that makes the US citizens work more hours to achieve the same standard of living that they had last year. Just loop that process for all the years and the working hours increase while the standard of living decreases.
Passing the 100th anniversary of the fed, our currency has been devalued more that 95% since it's inception in 1913. Happy Birthday Federal Reserve!
(the FED): Well, we couldn't have done it without the cooperation of the sadly regretful President Roosevelt and those smart guys who secretly convened at Jekyll Island in the years prior.
So, effectively, you are living a more deeply slave existence each minute you exist, and you didn't even know it. All these years trading and thinking the FED was something magically necessary, what you didn't know was with each passing second, and especially evidence after bailouts (QE I and QUII tripled the deficits together) that your were more subject to the whip and death to attempt to maintain your American dream. I think trading well was/is the only solution to not working more, but the effects are being felt as the government regulates the trading industry and the returns diminish. So even though you can just increase your trading size to compensate, the other factors making it necessary for you to outpace inflation cause by the fed are slowly becoming eradicated from the financial system. Only the smartest will maintain an inflaction adjusted edge that they can apply well.
If you are sill wondering what exactly the FED does, this short clips is by far one of the best simple explantions i have ever come across. Funny and factual.
http://www.youtube.com/watch?v=Oe0fGXzKb1o
Passing the 100th anniversary of the fed, our currency has been devalued more that 95% since it's inception in 1913. Happy Birthday Federal Reserve!
(the FED): Well, we couldn't have done it without the cooperation of the sadly regretful President Roosevelt and those smart guys who secretly convened at Jekyll Island in the years prior.
So, effectively, you are living a more deeply slave existence each minute you exist, and you didn't even know it. All these years trading and thinking the FED was something magically necessary, what you didn't know was with each passing second, and especially evidence after bailouts (QE I and QUII tripled the deficits together) that your were more subject to the whip and death to attempt to maintain your American dream. I think trading well was/is the only solution to not working more, but the effects are being felt as the government regulates the trading industry and the returns diminish. So even though you can just increase your trading size to compensate, the other factors making it necessary for you to outpace inflation cause by the fed are slowly becoming eradicated from the financial system. Only the smartest will maintain an inflaction adjusted edge that they can apply well.
If you are sill wondering what exactly the FED does, this short clips is by far one of the best simple explantions i have ever come across. Funny and factual.
http://www.youtube.com/watch?v=Oe0fGXzKb1o
