Tuesday 26 March 2013

Fw: Do We Really Need the Federal Reserve?

Disquieting bedtime reading, if anyone has the inclination!!

----- Forwarded Message -----
From: Money Morning <customerservice@moneymorning.com>
To: TIARE_TAPORO@yahoo.co.nz
Sent: Tuesday, 26 March 2013 8:42 PM
Subject: Do We Really Need the Federal Reserve?
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Do We Really Need the Federal Reserve?
By Keith Fitz-Gerald, Chief Investment Strategist

Last week I spent two days speaking to senior government officials and business leaders in Bermuda, which is one of the world's leading international insurance and reinsurance hubs. The men and women in the room are responsible for hundreds of millions in assets worldwide.

As I was finishing up, I received one of the most provocative questions I've gotten in a long time: "Does any nation really need a 'Fed,'" asked one of the directors?

Here is my unequivocal answer...


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