Tuesday, December 16, 2014

The FED Didn't Solve Any Problems, They Made Things Worse

“Because they did QE 1, 2 and 3 and kept interest rates at zero, the Federal Reserve saved the U.S. economy and they solved all the problems. Because the problems have been solved, we no longer need the Fed and everything is fine.

That is complete fantasy. There is a bigger disconnect now than there was just before the 2008 financial crisis. The truth of the matter is the Federal Reserve didn’t solve any of our problems. They made them all worse."

- Peter Schiff via ETF Daily

Like this post? Subscribe to our free gold and silver newsletter