Charles Hugh Smith - Real Reason for Record Stock Markets: Front-running the Front-runners

Charles Hugh Smith calls the Federal Reserve an evil organization. Their meddling in the economy results in the concentration of wealth to those at the top of the wealth pyramid and is fueling asset bubbles, creating widening wealth inequality.

Discussed in this interview:01:53 Where has the trillions printed gone?05:12 Gap between Fed's theory vs reality08:29 Fed-created cartels16:19 The Fed is evil23:19 Controlling issuance of money to control the populace26:15 Outlook for 202028:46 Crazy highs in U.S stocks35:43 Diversification wealth & jurisdiction?

Charles Hugh Smith writes the Of Two Minds blog which covers an eclectic range of timely topics: finance, housing, Asia, energy, long-term trends, social issues, health/diet/fitness and sustainability. From its humble beginnings in May 2005, Of Two Minds now attracts some 200,000 visits a month. Charles also contributes to AOL's Daily Finance site and has written eight books, most recently Money and Work Unchained.