- Source, Peter Schiff via RT
TRACKING THE CEO OF EURO PACIFIC CAPITAL AND GOLD VIGILANTE PETER SCHIFF, AN UNOFFICIAL TRACKING OF HIS INVESTMENT COMMENTARY
Tuesday, October 7, 2014
The FED is Doing a Lot of Damage
Right now, a lot of people don’t appreciate how much damage the Federal Reserve is actually doing, because there’s a lot of false optimism right now regarding the success of the Federal Reserve's QE program, and its 0% interest rates. People believe that it’s been successful at reviving the U.S. economy, and that’s why there's some interest in the dollar in our markets - but all what Fed has succeeded in doing is exacerbating all of the problems that caused the 2008 financial crisis and they’ve inflated a much bigger bubble - so I think the crisis that we have coming is unfortunately going to be much worse that the one we passed.