Federal Reserve Now Admits its Models Don't Work


The U.S. central bank (Federal Reserve Board) has now publicly admitted that its econometric models do not work.[1] Data generated by a fundamentally unfair (unconstitutional), unstable and inefficient monetary policy to rectify the inherent weakness in the system: this truth was discovered in my 2007 published in the Journal of Financial Transformation. That the JFT which invited me to submit this from universities like U of Chicago and U Penn as editors substantiates the fait accompli that the indeed proves that the current system of money and finance is unconstitutional, economically inefficient constitutional, economically efficient and stable. In addition, this paper demonstrates how the current forecast inflation and onset of depression and how the alternative model offered in it is paramount .

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