Sunday, October 11, 2015

Federal Reserve remains only institution not seeing the coming financial crisis

This morning on CNBC (aka… CNBS), the central bank lackey Steve Liesman spoke with the NY Fed President Bill Dudley on rate outlooks for the remainder of the year.  And contrary to the fact that the FOMC choose not to raise rates in September, Dudley used the term ‘very good economy’ at least five times in less than five minutes during his interview, showing how out of touch the Fed really is when it comes to the true economy, and their need to persist in their propaganda manipulation.
Here is the interview with NY Fed President Bill Dudley citing continuously on how good the U.S. economy is
The reason that we are being critical of the Fed here is due to the fact that nearly all other important Western financial centers are admitting publicly of a coming financial crisis, and a marked slowdown of economies that in some cases, point to the fact that much of the world is already in recession.
And of course there is the Bank of England’s Andy Haldane who is calling for not only negative interest rates, but ending cash in domestic and global economies.

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