Former Federal Reserve analyst, Danielle DiMartino Booth, has published a book called Fed Up: An Insider's Take On Why The Federal Reserve Is Bad For America. She was recently interviewed in a podcast with Chris Martenson of PeakProsperity.com. I have embedded the podcast below.
I enjoyed the podcast very much but it wasn't a lot of new information for me because I've been following the subject for many years. She discusses the inner workings of the echo chamber of "experts" on the Federal Reserve's FOMC and how their radical zero interest and QE policies have impacted the economy, the bond market and pension funds. She also discusses the possible consequences for future generations.
Why am I writing about this on a musician website? Because it directly relates to my song Billion Dollar Pill which I wrote in 2011 when the economy was still hurting from the crash of the housing bubble of 2006 which bottomed in 2008. I believe the Fed has not really fixed anything, but merely blown another bubble. With the help of other central banks around the world it is bigger than both the dot.com bubble and the housing bubble and global in scale. At some point in the future it will pop as all bubble do and my song Billion Dollar Pill will be very relevant again.
I'm sure her book is very interesting but I won't be buying it. On Amazon.com the kindle version of the book is currently $14.99. My songs would have to be streamed 2,500 times to pay for it. If a couple of people bought my albums, that would more than cover it, but that's not the world we live in anymore. It's all about streaming. I often wonder if streaming platforms would even be viable without the Fed's absurdly low interest rates. In addition to all the other damage they've done, the Fed may also be pushing many musicians to the brink of starvation. But I'm just speculating about that.
Here's the interview. It's very unfortunate that such excellent work is totally ignored by the main stream media.