Fed Up?

"The Federal Reserve in collaboration with the giant banks has created the greatest financial crisis the world has ever seen," said Congressman Ron Paul to his colleagues — What the Fed Has Done to Us. He continues, "The foolish notion that unlimited amounts of money and credit, created out of thin air, can provide sustained economic growth has delivered this crisis to us."

Doug French notes that "despite the Federal Reserve growing its balance sheet by 140 percent and dropping rates essentially to zero, the bankruptcies just keep on coming" — You Can't Print Production and Prosperity. He continues, "Now the word is that zero-percent interest rates are just too darn high."

"The grand total of all government and FED programs aimed at absorbing or supporting bad loans has now reached $23.7 trillion," reports Michael S. Rozeff — 23.7 Trillion Reasons To Buy Gold. "This is $237,000 for each of the 100 million households in America," he explains. "This is government and the FED truly in panic mode and running wild. There are frightened little men here who are doing all the wrong things."