The Fed Stooges

The Fed Stooges by Adam Taggart for Peak Prosperity

Laughing (and crying) at the recent ’60 Minutes’ interview

On Sunday night, 60 Minutes treated the American public to a sit-down interview with the current Federal Reserve chairman and his two immediate predecessors.

Hilarity ensued.

Not really…unless you enjoy gallows humor.

In the below video, Chris explains why this relatively gentle puff-piece assisting the Fed’s hawking of its “All is well!” message is an intentional soporific, designed to keep the populace slumbering in ignorance of the extreme danger reckless central bank monetary policy has placed society in.

Price discovery in the financial markets has been destroyed, resulting in vastly overvalued asset prices that must painfully correct eventually. The elite 1% has become far richer than it was a decade ago at the 99%’s expense. Savers have been terribly punished. The prospects of the generations following the Baby Boomers have been tragically eroded.

In reaction to the above unfairness, our social fabric is fraying. We are more polarized than ever, more willing to fight with the factions who don’t share our beliefs, and more willing to tear down the fundamental pillars of our society is built on.

Thank you Federal Reserve!

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Chris Martenson

Build understanding, encourage small actions, then align with solutions. Many people have asked us, "Where are the large-scale solutions to all the problems you have described?" and "What should we do as a nation to avoid the seemingly inevitable consequences of this fiat money system?" We believe that we must reach a critical mass of individuals and ensure that they have an understanding of the ideas presented in the Crash Course, before any national or global solutions will even be possible. Because we are still quite far from this tipping point of understanding, we must first focus on educating. Many people have already reached a place of understanding and assumed responsibility for their futures, but most have not. Once we have achieved a critical mass of people who understand the issues and have taken responsible actions as a result, solutions will find more fertile ground in which to take root. The theory of action: building understanding Solutions should come from a position of understanding. Understanding arises from awareness, and awareness arises from the ashes of denial. In other words, the stages of action are: denial >> awareness >> understanding >> solutions. It is not enough for people to be aware that inflation exists, or that our monetary system has flaws, or that resources are depleting. If effective actions are to be formulated, then understanding is essential.