Ignore them...........................from Rico

The FTV and financial media (cough-cough) are, as usual, building-up the anticipation of the release of the FOMC minutes and Bernanke's remarks this afternoon.

BFD!

The FED is a privately-owned, for-profit, central bank with a monopoly on the US currency.

- They are no more 'federal' than Federal Express, and there certainly aren't any public 'reserves' so why the breathless excitement? Unlike the federal government, they are supposed to make a profit...not lose money.

Now consider, that publicly the FED hasn't been 'right' about much of anything for many years. [chart]

- Why then listen to them or give them any credibility?

Are they fools or liars? It's MORE likely that they are being devious and misleading, than they are being poor businessmen. They are not fools.

- They have been 'talking their book' to the public...in other words, LYING.

It would serve us all better if we 'watched' what they did, and 'ignored' what they said.

- The bailouts, stimuless, and QE didn't help anyone except the TBTF banks and other 'connected' friends of the reigning kleptocracy, and the tax-paying public that foots the bill are the ones being fooled, and being fools.