Jimbo has been contributing his thoughts to the Stool Pigeons Wire at Capitalstool.com for 18 years. He’s always right on point!
As a domesticated animal the Fed has been well trained by its owner.
Who owns the FED?
The financial industrial complex.
Or more accurately,
The leveraged Industrial complex (LIC).
Its main members are:
1/ The US Government …..leveraged to the hilt…deficit $1 trillion a year
2/ The banks leveraged 10-15 to one.
3/ All the hedge funds engaged in leverage trades.
4/ All the leveraged home owners (and by extension the owners of MBS).
5/ All the leverged commercail property owners (and by extension all the lenders to commercial real estate).
6/ All the buyers of stock on margin.
7/ Just about anybody else using leverage.
Yes the FED is owned by the LIC.
And when the LIC says “Bailout boy bailout,”
The FED rolls out it alphabet soup of bail out programs
And it prints and prints and prints.
