Wed, 28 May 2008
[Part 4 of the full 35 minute speech and 25 minute Q&A session]
Richard Fisher, President and CEO of the Federal Reserve Bank of Dallas, speaks at The Commonwealth Club of California about the nation's immense fiscal challenges as well as the threat of severe inflation due to monetization of the nation's debt by the Federal Reserve.
* Note that Fisher dissented multiple times with the rest of board of the Federal Reserve regarding their interest rate cuts in 2008.
Federal Reserve Snake Oil... very good show. I know many of you on this forum believe in the idea of Keynesian central control. Then many of you believe in the socialism of Europe. The failure of these kindred models is actually already upon us. The Central Bank Plutocracy is manipulating credit to forestall the crash...I believe, until they are totally confident in the success of installing a global, cashless society and a totalitarian ruling force, be it by crisis or by the barrel of a gun
SovereignBlade 1 year ago