"��PBS Drops a Bombshell on the Federal Reserve's 100th Birthday Party,"�� by Pam Martens

PBS promised a "��debate" this past Friday night on the "benefits and dangers" of the Federal Reserve as the Fed marks its 100 years of existence tomorrow. Instead of a debate, two famous stock market historians made the same stunning announcement -�� that the Fed has decided its job is to push up the stock market.

Consuela Mack'��s Wealthtrack program on PBS had invited James Grant, Editor and Founder of Grant's Interest Rate Observer, and Richard Sylla, the Henry Kaufman Professor of the History of Financial Institutions and Markets at NYU's Stern School of Business. The opening scene for the program shows Sylla in a party hat lighting the candles on the Fed'��s birthday cake while Grant snuffs them out -�� suggesting that Sylla would be making pro-Fed statements while Grant would take the opposing view.

What happened during the program, however, was that both men made the candid and bold accusation that the Federal Reserve, for the first time in its history, has assigned itself the job of propping up the stock market.

http://www.dailykos.com/story/2013/12/22/1264778/--PBS-Drops-a-Bombshell-on-the-Federal-Reserve-s-100th-Birthday-Party-by-Pam-Martens

http://www.mises.org/daily/6616/100-Years-Ago-Why-Bankers-Created-the-Fed

100 Years Ago: Why Bankers Created the Fed