Monday, June 29, 2015

Federal Reserve

According to the Bank of International Settlements (BIS), policy-makers have no more tools to combat economic collapse. The Fed and central banks all around the world have painted all of us into a corner and guaranteed the next crash will be devastating. This article pretends central banks were protectors of the economy, but what else would you expect from the central banks of central banks?
"“Rather than just reflecting the current weakness, they may in part have contributed to it by fuelling costly financial booms and busts and delaying adjustment. The result is too much debt, too little growth and too low interest rates."
We're all Austrians now.

USA Today accidentally tells the truth that countries exiting monetary unions generally suffer no economic distress.

Publicly, the Fed is unconcerned about Greece.

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