Monetary Policy
Filipinos Must Support An Audit Of The Federal Reserve
Posted by Dan on November 8, 2009 in Constitution, End The Fed, Filipinos, Globalization, Monetary Policy, Obama
Over the last thirteen years, the Fed doubled cash currency and reserves. On the other hand, immediately after the collapse of Lehman Brothers, in the span of just 112 days, the Fed doubled the reserves yet again, accelerating the rate of bank reserve expansion by a factor of 45 to 1. The dollar, in short, is rapidly being devalued by the Fed’s monetary policy.