Jason Burack: Janet Yellen Being Brought in To Merge The Fed & US Treasury Like The Bank of England in 1946?

Wall St. For Main St., Released on 12/4/20

Recently, Joe Biden has nominated Former Fed Chairwoman Janet Yellen to be his new US Treasury Secretary. https://www.nydailynews.com/news/poli…

Jason explains why the rules changes between the US Treasury and the Fed back in late March and early April have accelerated a merger between the US Treasury and the Fed https://www.zerohedge.com/markets/fed…

Jim Bianco of Bianco Research wrote a late March Op-Ed about the Fed and US Treasury merging to break the rules about the Fed buying all types of bonds: The Fed’s Cure Risks Being Worse Than the Disease https://finance.yahoo.com/news/feds-c…

Jason then talks about financial history and how the UK government nationalized their central bank, the Bank of England, in 1946 along with other industries.

A history of UK inflation https://monevator.com/a-history-of-uk…

But inflation did not come down after World War II. Since that time, UK prices have taken a very different direction. They have moved continually upwards.

Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.

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