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.

- Source, Peter Schiff via RT