“The Fed always have the fail-safe that they are data dependent. They always say they are going to act based on the data. They have actually never committed to doing anything. What is amazing is that the Fed has any credibility at all. Because I don’t know why people haven’t figured out this game yet.
Nothing that they do is pro-growth. Everything is anti-growth. It’s all about sustaining asset bubbles and propping up overly indebted governments. They trapped the economy in low growth, stagflationary environment. In fact, even Alan Greenspan is now warning about stagflation. And he’s outta know, because he got this party started.”
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