Our Man-Made Financial Meltdown: A Recap

I have frequently commented on aspects of the 2008/2009 financial meltdown, and how the severity of our Great Recession could have been prevented, had there been a “hands-off” attitude by government. Instead, we got heavy-handed, ultra-expensive, Obama administration attempts.

Those of you who have seen my Earl J. Weinreb Newshole® info will have insight on much of the situation.

I bring this up once more because of the Federal Reserve's easy money policy, contrary to the tightening of funds around the world because of inflationary pressures.

The Fed has allowed itself to become a tool of administration fiscal policy and shows little independent monetary policy for its intended purpose. It helps guarantee future financial upheaval for this country unless an effort is made politically to change matters.

We cannot depend on the Fed.