What is the Federal Reserve?
If you are an investor, you need to know what the Federal Reserve is. Many people talk about the FED, but do not have any idea really what FED is / does.
The Federal Reserve, by artificially manipulating interests rates, creates investment "bubbles" and creates business cycles. It is extremely lucrative / wise to take advantage of the business cycle and / or to avoid the FED bubbles.
The Federal Reserve rate manipulation was a primary caused of the Great Depression according to the Austrian School of economics.
CSPAN - Congressmen Paul grilling the Helicopter Ben:
The video is from Edward Griffin, who wrote a book on Creature From Jekyll Island A Second Look at the Federal Reserve.
The video is 42 minutes, whether you like the FED or not, I believe it is worth watching to understand the position of those, who are opposed to the fait money system.