Hello everybody and thank you for tuning in to the weekly report.

The biggest Federal Reserve scandal.

Following revelations that Federal Reserve officials made trades in financial assets while the

Fed was taking extraordinary efforts to stimulate the economy, Federal Reserve Chairman Jerome

Powell ordered a review of the Fed's ethics rules.

While these trades appear problematic, they pale in comparison to the biggest Fed scandal.

The Fed's in publishedment of ordinary Americans, in richments of the elites, and facilitation

of government debt and deficits.

The depression induced by coronavirus, though really caused by so-called public health

actions, government took in response, was the official reason for the Fed's increased

asset purchases last year.

However, the Fed actually started ramping up its money-creating activities in September

of 2019.

When it began pouring billions of dollars a day into the repo markets, which banks used

to make short-term loans to each other in order to keep repo market interest rates low.

Coronavirus was just a convenient excuse for the Fed to do more of what it was already

doing.

Now the Fed is using the limited reopening as a scapegoat for rising prices.

Of course anyone who understands Austrian economics and understands that rising prices

are a symptom, not a cause of inflation.

Inflation is the very act of money creation by the Fed.

Increasing prices that diminish the average American standard of living are not the only

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