In the course of several minutes, during one of CNBC’s many syndicated telecasts, Richard W. Fisher, former President and CEO of the Federal Reserve Bank of Dallas, openly acknowledges his role in the over inflation of the prevailing market system dynamic as a method of artificially-induced wealth creation and asset redistribution. Fisher goes on to describe - in detail - the precarious nature of the nation’s economy as a result of these fiscally-motivated policies that were instituted by the U.S. Federal Reserve System in the wake of the Financial Crisis of 2007-2008, as the following excerpts obtained from the cinematic reference appearing at the terminus of this entry will attest to:
“What the Fed did, and I was part of that group, is we front-loaded an enormous market rally in order to accomplish a wealth effect… and a great digestive period is likely to take place now.”
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