Our Govt is run by people so smart that 2+2=5
This is the basic problem in our govt today, we have individuals that dont understand basics, they try to justify solutions with nonsensical equations that belong in theory,not the real world. Then they wonder why the accounts never balance.
Investing is pretty straight forward; buy low sell high. But our securities houses hire mathematical that use advanced derivative based equations to explain why investing 1.00 today will be worth 1.50 next year ( or as happened, 0.50).
The next great shoe to drop will be the FED. When the Fed gets audited, the game is over. So far they have been able to keep their books and accounts secret and away from your government Officials. When the Day comes that the FED must finally reveal its accounting methods and where trillions of dollars actually went, that is the proverbial nail in the coffin.
Ben Bernanke;
“My concern about the legislation is that if the GAO is auditing not only the operational aspects of FED programs and the details of the programs but making judgments about our policy decisions would effectively be a takeover of policy by the Congress and a repudiation of the Federal Reserve would be highly destructive to the stability of the financial system, the Dollar and our national economic situation.”
