From Ron Paul at The Ron Paul Institute for Peace and Prosperity:
The Fed has been scrambling around of late, with several secret meetings. One of those meetings was Fed Chair Janet Yellen heading over to see President Obama. Since the Fed is not political, Yellen probably just had a chat with the president about family things, right?
All kidding aside, what’s the motivation behind these secret meetings? After all, the statistics that are being presented to the American people portray everything as being OK. But do these secret meetings hint to the possibility that the Fed is a lot more concerned than we’re supposed to believe?
Do you think free markets and sound money were discussed in these meetings? Will the NSA provide us with recordings of the conversations? Don’t bet on either!
The Fed was created to act as a backstop for the big banks as well as…