John Williams of Shadow Stats : The Fed is a Private Corporation

John Williams on the true state of the US Economy

John Williams of Shadow Stats : what you have to keep in mind is that the FED is a private corporation owned by commercial banking and commercial banking interests , although it may have a mandate from the federal government that you have to work to maintain sustainable economic growth and and you have ti contain inflation its primary mission basically is to keep the banking system afloat and healthy , and the banking system is not healthy when there was fear of a system collapse back in 2007 , in 2008 whe the TARP was introduced , they weren't kidding the system was on the brink of collapse.....