On Monday, I promised I’d tell you a little bit more about the Fed Funds rate. Well, the more I started writing about it, the angrier I got.
The Fed’s policy of raising interest rates is a sham. We may as well call the Fed Funds rate the Fake Funds rate. The policy is the opposite of monetary tightening, and actually is an easing. And the Fed Funds rate and all other published interest rates are based on a sham…costing you money every year if you are a US taxpayer.
Here’s how the scam works, and what you should do about it.
The post You’re Paying for This “Fake Funds” Welfare Program Right Now… appeared first on Lee Adler’s Sure Money.
The post You’re Paying for This “Fake Funds” Welfare Program Right Now… was originally published at The Wall Street Examiner. Follow the money!