In case you missed it, Alan Greenspan just set a new world record for hypocrisy stating that the Fed’s stimulus has had little impact on the US economy.

As a brief reminder, it was Alan Greenspan who created both the Tech and the Housing bubbles by maintaining loose money policies. It was also Greenspan who helped Wall Street to dismantle regulation related derivatives, leverage, and more.

Put another way… pretty much every single problem with the financial system today was created or at least greatly aided by Alan Greespan and his policies. And if you think Greenspan was just an ignorant dupe, you should consider that as early as 1999 he stated in private that derivatives could “implode” the market.

So to see Greenspan now criticizing Bernanke’s moves is beyond astounding. Don’t get me wrong, I’m not in any way defending Bernanke. I’m just saying that it’s odd to see Greenspan criticizing someone who did the EXACT same things Greenspan himself did.

Regardless, Greenspan’s statements (he also said Greece will default) tell us quite a few things about the Fed:

1)   The Fed is a political entity and as such politics, not economics or finance determine its decisions

2)   The Fed is aware that it is incompetent but is beholden to the Wall Street banks

Regarding #1, Greenspan’s sudden move to start stating the obvious, after years of presenting rambling nonsense defending Wall Street, reveals in plain terms that those who run the Fed are essentially political lackeys who operate on behalf of Wall Street.  They are not regulators, nor are they actual policy makers. They are politicians who act as front men for the big banks, presenting a friendly face for Wall Street’s rampant greed and corruption.

Which brings us to point #2, for Greenspan to note that the Fed’s actions have accomplished next to nothing makes it clear, beyond any doubt, that those at the Fed are aware that their policies are futile. Bernanke himself has even hinted at this in a recent press conference in which he stated that the Fed didn’t understand why the economy wasn’t improving.

The take home point with all of this is that the Fed is in fact powerless to address, let alone fix, the Financial Crisis that began in 2007. Indeed, the Fed’s key role in creating it was to let Wall Street dictate the Fed’s moves. And now that the Fed is supposed to solve the Financial Crisis, we’re finding out not only do they have no clue how to do it, but they’re even aware of this fact.

Which brings me to my final point: the Financial Crisis of 2008 is NOT over. In fact, that whole disaster was just a warm up for what’s coming down the pike. Indeed, the Fed is fully aware that it hasn’t solved anything. All it’s done is print money, which has made the Financial System MORE leveraged than it was during the Tech bubble and created inflation in food and energy prices.

Folks, when your answer to a problem is to aggressively pursue the same actions that created the problem there’s only one thing that will come out of it…

DISASTER.

Which is why smart investors are already taking steps to prepare for the next Financial Crisis.  I’m talking about bank holidays, food shortages, a market Crash, civil unrest and worse.

If you’ve not already taken steps to prepare for these issues, I can show you how…

I’ve recently published three key reports titled Protect Your Family, Protect Your Savings, and Protect Your Portfolio all in all 40+ pages of material devoted to showing individual investors how to prepare these areas of their lives in great detail.

I’m talking about how to prepare for bank holidays, food shortages, and the other problems I just listed… In fact, with the right moves, you can actually PROFIT from the coming disaster.

Indeed, I just unveiled six specific trades to subscribers… all of which will pay off HUGE returns as the current stock market collapse accelerates.

So we’re ready for whatever may come. And the worse things get… the more profitable our strategy will be.

If you’ve yet to take these steps yourself, it’s not too late… in fact, you’ve still got time to get your financial “house” in order to not only survive what’s coming… but potentially even make serious money from it.

All you need to do is take out a “trial” subscription to my Private Wealth Advisory newsletter. You’ll immediately be given access to all of the reports I detail above… and you’ll also be on my private client list to receive my bi-weekly investment reports as well as real-time trade updates on when to buy and sell various investments.

And if you should decide that Private Wealth Advisory is not for you, you can ask for a full refund during the first 30 days and I’ll return every cent of your subscription cost.

The reports you’ve downloaded during your “trial” period are yours to keep, even if you choose to cancel.

To get started with you Private Wealth Advisory subscription today, download

the Protect Your Family, Protect Your Savings, and Protect Your Portfolio reports and start taking action to prepare for what’s coming…

Click Here Now!

Good Investing!

Graham Summers

Editor In Chief

Gains Pains & Capital