The Washington Post Runs “Five Myths About The Federal Reserve” Authored By Economist Linked To The Rothschilds

End of the American Dream

There have been so many attacks on the Federal Reserve recently that the mainstream media now feels almost forced to try to defend their actions.  The most blatant example of this recently was an article in the Washington Post entitled “Five Myths About The Federal Reserve“.  The article was authored by Greg Ip, the U.S. economics editor of The Economist.  According to Wikipedia, the Rothschild banking family is a partial owner of the firm that operates The Economist.  You would have thought that they would have gotten someone a whole lot less obvious to produce this propaganda piece, but apparently they did not think anyone would notice.  Of course an economics editor of The Economist is going to defend the Federal Reserve.  He would be fired if he didn’t.  The Economist is well known to be a mouthpiece for the international central banking establishment.  But what is really sad is how poor a job Greg Ip did in defending the Fed.  If these are the best intellectual arguments they can come up with then they are in huge trouble.

Below are the “five myths” that Greg Ip attempted to debunk in his article.  I will tackle them one by one…..

#1 The First Myth About The Federal Reserve The Washington Post Supposedly “Debunked”: By printing money, the Fed will create runaway inflation.

Are we going to have hyper-inflation tomorrow because the Federal Reserve is pumping $600 billion into the U.S. economy?

No.

But all journeys begin with a single step.  By initiating a new round of quantitative easing, the Federal Reserve has taken several huge steps down the road that could eventually lead to out of control inflation.  Let us hope that they stop and that we never get to that point.

However, the truth is that quantitative easing will cause some inflation.  It is only a matter of how quickly that money gets out of the banks and into the hands of consumers.

In his article, Greg Ip admits that the decision was made to go ahead with more quantitative easing because “the Fed is trying to stimulate spending”, but then he also tries to argue “this money can lead to inflation only if banks lend it and consumers and businesses spend it.”

Say what????

So either the Federal Reserve fails to stimulate spending (which is supposedly the whole purpose of quantitative easing), or spending will be stimulated and we will have inflation.

Perhaps Greg Ip should review some of the statements by top Federal Reserve officials in recent months where they openly admit that they want to create more inflation in order to stimulate the economy.

The notion that “this money can lead to inflation only if banks lend it and consumers and businesses spend it” is nonsensical at best.  According to Greg Ip, we will be perfectly fine as long as nobody lends any of this money and nobody spends any of this money.  Of course that is the whole purpose behind quantitative easing, but that little fact seems to have escaped the U.S. economics editor of the Economist.

Read Full Article


Activist Post Daily Newsletter

Subscription is FREE and CONFIDENTIAL
Free Report: How To Survive The Job Automation Apocalypse with subscription

Be the first to comment on "The Washington Post Runs “Five Myths About The Federal Reserve” Authored By Economist Linked To The Rothschilds"

Leave a comment

Your email address will not be published.


*