This Is Why The Fed Needs An Audit

Between 2004 and 2007 the average works out to $16.75billion, that's almost a 50 fold increase for 2008. Berstanke's monopoly dollars now constitute 5.68% of our GDP.

I know central banks need independence to implement rational monetary policy but the Fed, as the grand architect, is looking more and more like a systemic risk.





Chart taken from CPSS annual
www.bis.org...