Don’t think there’s anything cronyistic (that’s a word we just made-up) about the relationship between the Federal Reserve and the Wall Street financial guys? RIA Advisors Chief Investment Strategist, Lance Roberts, describes how the Fed has created a cozy little relationship for BlackRock to sit on…er, manage cash for the government at a healthy fee…virtually in perpetuity, according to the Fed’s own memorandum. This. Will. Make. You. Mad. * Special thanks to the Estate of George Carlin for the excerpt from his February 1999 performance and commentary on Germs (yes, it’s all connected…) Subscribe to our Newsletter at https://realinvestmentadvice.com |
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