Take the Gold Pill if you want to wake up.
Is a new Gold-backed dollar the best way to begin phasing-out the Fed?
John Allison is the former chairman and CEO of BB&T, the nation’s 10th-largest financial holding company. He was named one of the 100 most successful CEOs by the Harvard Business Review and since 2009 has been on the Wake Forest University Schools of Business faculty as Distinguished Professor of Practice.
Allison spoke to the Trib about the Federal Reserve Board’s detrimental effect on the nation’s slow recovery from the worst economic downturn since the Great Depression.
Q: Can the Fed be labeled more of a hindrance than a help to the recovery?
A: In my view, absolutely yes. You have a group of government bureaucrats who are in a massive redistribution of wealth in the United States. The Fed, by its own acknowledgement, is holding interest rates lower than they should be. They’re doing that to subsidize homeowners, many of whom bought too-big houses. And who pays for that? People who save money — particularly older people, who are now getting much lower interest rates on their certificates of deposit than they would be getting if we had a market-determined interest rate.
Q: What do you see as the primary problem with the Fed?
A: It’s a group of very smart, highly educated people with good intentions who have a problem they simply can’t solve. I don’t care how smart you are and how many models you have, you cannot really integrate the economic activity of 7 billion people on this planet. The Fed thinks they’re smarter than markets, which in fact they aren’t, and they’re constantly making mistakes.
Q: In the long term, what do you think should be done with the Fed?
A: If I were in charge,…
image: freedigitalphotos.net/digitalart
Read more at Sound Money Project
Source:
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Lion’s Mane Mushroom
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes:
Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.
Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.
Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.
Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.
Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules. Today Be 100% Satisfied Or Receive A Full Money Back Guarantee Order Yours Today By Following This Link.