Parisian Family Office CEO. Founder of CHIPPEWA PARTNERS, Native American Advisors, Inc., Registered Investment Advisor. White Earth Chippewa, educated conservative, raised on Indian reservations across Great Plains. Began Wall Street career in 1982. Always been, will always be, an optimist. Pureblood, clot-shot free. In a world on a dopamine binge, this is his take on life. Written at the Ghost Ranch in MT, Pamelot, their TN farm or winter home in San Jose del Cabo, Mexico.

Tuesday, August 08, 2017

FED True or False?

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”.

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