T or F: The Fed has never functioned in any way except to help Wall Street inflate bubbles, protect big banks and allow the Federal government to spend like a drunken sailor.
A: The Fed is functioning very well as far as those who are in a position to change it are concerned – it is massively redistributing income to the real owners of governments and allowing politicians to continue to promise more than they can deliver with tax receipts since they can borrow their way to prosperity and loudly claim economic “recoveries”.
Retired CEO of CHIPPEWA PARTNERS, Native American Advisors, Inc., now managing the Parisian Family Office. A White Earth Chippewa, raised conservative, growing up in the poorest county in the U.S. on the Pine Ridge Indian Reservation, he began a Wall Street career in 1982. Always been, will always be, an optimist. In a world on a dopamine binge, this is his take on life from Ghost Ranch in MT, Pamelot, his TN farm or their home in San Jose del Cabo, Mexico.
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