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Friday, January 20, 2017

Obama's Legacy Will Be Forever Etched in Halls of the Federal Reserve - Trading with The Fly

Obama's Legacy Will Be Forever Etched in Halls of the Federal Reserve - Trading with The Fly



He was the Fed’s best friend ever. Could they’ve had a better business partner than Obama, taking the Federal budget and clown raping it with ruinous levels of spending. The Fed’s mandate shifted from tinkering with rates during periods of need to blatantly controlling asset prices and the economy.
As of right now, during the final hours of Obama’s presidency, the Federal Reserve has never been more powerful. It is the central bank to the world — doling out liquidity to whoever needs it — regardless of national sovereignty.
Plainly, it has become a caricature of itself, a cabal weaponized to the point of lunacy — totally unchecked and operating in the shadows with impunity.
There are many things that will be forgotten, many mistake that will be corrected, after Obama has gone.
But this will last forever.
Obama has accumulated more debt than all of America’s Presidents before him, combined.


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