The Federal Reserve pumped out trillions of dollars in Treasury security purchases, agency debt purchases, mortgage backed security (MBS) purchases… and they pumped out trillions of dollars through their “secret liquidity lifelines” to provide emergency loans to the global financial industry during the financial crisis…
And now the verdict is in – as acknowledged recently by the St. Louis Fed:
After 6 Years Of QE, And A $4.5 Trillion Balance Sheet, St. Louis Fed Admits QE Was A Mistake – Submitted by Tyler Durden on 08/19/2015 – 07:12
“Evidence in support of Bernanke’s view of the channels through which QE works is at best mixed. There is no work, to my knowledge, that establishes a link from QE to the ultimate goals of the Fed inflation and real economic activity. Indeed, casual evidence suggests that QE has been ineffective in increasing inflation.”
After 6 years and trillions of dollars in central-planning initiatives, America (and the world) is still chocking on debt and starved for liquidity.
Economic growth is anemic. Economic liberty and individual freedoms are being severely eroded. Big government central planning is marginalizing market disciplines and generating price distortions.
The Federal Reserve and the world’s other central banks were correct about the need for liquidity during the financial crisis. But they were dead wrong about how to properly target liquidity flows.
It is now time to reset the targeting mechanism — and grant the same direct access to liquidity that was so generously provided to very the Wall Street banks during 2008-2010…. to bail them out of their greed-driven, binge-gambling, strategic blunders and risk management debacles.
It is time to level the playing field – and allow citizens direct access to liquidity and the freedom to allocate resources as in the manner which best suits their individual needs and desires.
The Leviticus 25 Plan 2015 – $70,000 per U.S. citizen The Leviticus 25 Plan 2015 (1097)