http://www.zerohedge.com/news/2015-04-01/central-banking-refuted-one-blog-thanks-ben"So rather than performing the necessary function of money creation,
the modern Keynesian era central bank performs the unnecessary and harmful function of generating mis-priced credit—–or, for the want of a better term,
fraudulent excess finance."
Wham! Grand Slam Homerun!
It never ceases to amaze me that regardless if Fed's speak their Ivy League jibberish or lapse into involuntary brief fits of clear-spoken honesty...they often reveal their break with the spirit as well as the letter of the law that brought their sorry asses into existence...and people still pretend that all is well!The System is broken, support structures are failing, external pirates and vultures are circling...it's like the heartbeats between accident and pavement...the patient is doomed...but the realization of impending paralysis and eventual expiration only makes it appear it is taking a long while to get there...
