Peter Schiff Was Right Part Deux: The 'Taper' EditionYouTube
Sep. 26, 2013
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2.The Guardian's Steven Thrasher Plays Victim After His Anti-White Hate Video Goes Viral
3.Trump Rips Bill Kristol: "All The Guy Wants to do is Kill People and Go to War"
4.You Won't Believe Michelle Fields' Brilliant Advice to the Hillary Campaign
5.VIDEO: BLM Lunatics Storm Stage, Threaten to Punch Milo at DePaul Event
6.The Huffington Post Is What Happens When There's No Men In The Room
7.'Kill Trump' Threats Flood Twitter Before Potential Anaheim Riots
8.Migrants Thank 89-Yr-Old Austrian Man Who Gave Them Euros by Robbing Him
When Ben Bernanke announced that the Federal Reserve's Open Market Committee was going to continue its monetary expansion program it calls Quantitative Easing, almost everyone in the financial media was taken by complete surprise. According to the mainstream media, the non-taper "surprised almost everyone out there." Well it did not surprise me, nor anyone who had been paying attention to what I had been saying. As I said repeatedly over the past several months, the Fed knows that the appearance of economic health would evaporate if its stimulus were withdrawn, or even diminished. The Fed understands, as the market seems not to, that the current "recovery" could not survive without the continuation of massive monetary stimulus. In fact, the Fed's next big move will likely be to increase, rather than taper, its monthly QE dosage! One reporter on this video said that its time for the Fed to take the training wheels off the economy. As I have been saying for years, QE is not the training wheels, its the only wheels the economy has. Take it away and the economy stalls. However, as the economy is now headed toward a cliff, taking the wheels off is much better than leaving them on and going over that cliff.