The Fed & Goldman Sachs Take Care of Each Other
There's a reason why the financial dealings of the Federal Reserve are so arcane. It helps in ripping off the American people. Don Dzombak of The Motley Fool has posted a very funny homemade video in the style of South Park that explains in a simple dialogue how the American people get ripped off when buying U.S. Treasury bonds.
Two barely animated cartoon characters resembling stuffed bears are standing in a field talking in robotic, tech-modulated voices about the Federal Reserve Board's asinine policies. I'll pick up the dialogue midstream:
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