The Fed has two mandates - Maximum Employment and Price Stability
If we look at price stability, the Fed has failed miserably.
The Fed employs 3,000 people in Washington DC of which 300 have a Ph.D. degree.
Their mission is “to provide our nation with a safer and more flexible and more stable monetary and financial system” with the overall mandate being price stability.
In addition to discussing the Fed’s total failure in controlling inflation, in this article I will also stick my neck out in the climate debate before I go on to the likely disastrous effects of debts, deficits and inflation will have on investment markets.
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About Matterhorn Asset Management
Our global client base strategically stores an important part of their wealth in Switzerland in physical gold and silver outside the banking system. Matterhorn Asset Management is pleased to deliver a unique and exceptional service to our highly esteemed wealth preservation clientele in over 80 countries.
