For 30 years, the S&P 500 has performed equally to gold in dollar terms. Gold provides no real return and costs money to store.
That means America's "premier" stock index hasn't generated real wealth for three decades.
Think about that. An entire generation of "buy and hold" investors got played by monetary policy masquerading as market returns.
This week's Fed meeting isn't just about rate cuts - it's about watching 12 unelected bureaucrats continue the biggest wealth transfer scam in human history. And House Republicans might finally do something about it.
The $30 Trillion Lie
Here's what they don't want you to understand: The Federal Reserve isn't "federal" and has zero "reserves." It's a private cartel with government-granted monopoly power to print money and manipulate interest rates.
Every dollar they create dilutes your savings. Every rate cut punishes savers and rewards speculators. For 30 years, this has created the illusion of wealth while systematically destroying purchasing power.
When your "portfolio gains" can't outpace a shiny rock sitting in a vault, you're not investing - you're getting robbed with extra steps.
12 Angry Autocrats
Wednesday's Fed statement gave us another peek behind the curtain: 12 people voting on "the price of money" like they're ordering lunch. These aren't representatives of the American people - they're banking cartel appointees deciding when you should save versus when you should speculate.
Think about the arrogance. They believe they can centrally plan the most complex pricing mechanism in human civilization better than millions of individuals making their own decisions.
House Republicans are finally introducing a bill to remove the Fed's "dual mandate" - forcing them to focus on inflation instead of jobs and inflation. It's a baby step, but it exposes the fundamental contradiction: central banks can't serve two masters without destroying both.
The Real Market Question
Here's what matters for your money: We're watching the slow-motion collapse of a 110-year experiment in monetary central planning. The question isn't whether this ends badly - it's how to position for when it does.
Gold matching the S&P for three decades isn't coincidence. It's monetary debasement showing up in asset prices. Every Fed meeting, every rate decision, every "quantitative easing" program is evidence that free markets don't exist when money itself is centrally planned.
What This Means Monday Morning
The House bill won't fix this overnight, but it signals growing awareness that the Fed's dual mandate is impossible and destructive. More importantly, it confirms what Austrian economists have argued for decades: central banking is antithetical to free markets.
Your portfolio strategy should reflect this reality. When the S&P can't beat a non-productive asset for 30 years, traditional "diversification" isn't protection - it's managed decline.
Position for the inevitable: currency debasement, asset inflation, and the eventual return of market-determined interest rates. Because when this house of cards finally falls, the people who understood monetary reality will be the ones left standing.
The Fed meeting this week isn't market news - it's a reminder that in a centrally planned monetary system, there are no free market solutions, only varying degrees of manipulation.
Time to stop pretending otherwise.
Brandon Chapman