I love it when members of capitalist firms shed some real light on the system. This economist and investment strategist does precisely that by explaining the role of the Fed in supporting banks (and banksters) and not the economy of the US--that is the insidious truth that he has just stumbled across!
...the Fed doesn't work for the American public - it works for Wall Street .It is clear that our economy is run by and for bankers, not by or for the benefit of its worker-citizens who produce real wealth in the forms of food, clothing, transportation, communications, housing, education, etc.
That's right. It's not the economy the Fed has on life support - it's the banks.