Tuesday, October 14, 2014

Fed President cites need for QE4 even before QE3 is finished

If there ever was validated proof that the entire financial system was reliant upon, and held together solely by central bank money printing, today was absolute confirmation.  On Oct. 14, San Francisco Fed President John Williams stated that a new round of QE (4, 5, 6?) would be needed once again should inflation benchmarks not be reached in the economy in the coming weeks.  And most notably, with oil, stock, and bond prices collapsing at incredible speeds, any form of Quantitative Easing needed to address asset deflation would make the bailouts of 2008 appear to be like the spare change one might give a beggar on a street corner in Manhattan.

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