It’s mind-blowing to consider how much control the U.S. Federal Reserve has over the nation’s economy and markets. It makes you wonder if the Fed really knows what they’re doing, or if they’re really serving the best interest of the people…
Charlie Munger, now 95 years old, is one of the most blatant and clear-cut speakers I’ve ever encountered.
Just stick your money into an index fund and you’ll retire comfortably: that’s the cliché we hear from money managers and old-school investing commentators all the time. That might have been true at one time in history, but can we continue to count on the stock market to deliver us a comfortable retirement?
The middle class is furious and I totally understand their frustration. Any government that cheats its most significant demographic is going to have to meet its maker at some point.
Over the past 115 years, many monetary experiments have been implemented by the FED’s officials, but, to me, one quote says it all: “Permit me to issue and control the money of a nation, and I care not who makes its laws!”