When it comes to the Fed, Congress is mired in hypocrisy. The anti-regulation, de-regulation crowd on Capitol Hill shuts its mouth when it comes to the most powerful regulators of all – you and the Federal Reserve. Meanwhile, Congress goes along with the out-of-control, private government of the Fed—unaccountable to the national legislature. Moreover, your massive monetary injections scarcely led to any jobs on the ground, other than stock and bond processors.
– Ralph Nader in his letter to Janet Yellen
Ralph Nader gets it. In fact, he get it so much that he published a book last year titled: Unstoppable: The Emerging Left-Right Alliance to Dismantle the Corporate State.
Nevertheless, in case you need more proof of just how profoundly he understand how this neo-feudal gulag economy functions, read the following letter he wrote to Federal Reserve Chairwoman, Janet Yellen, on behalf of savers.
Here it is, in its full glory:
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