It’s Official… the Fed Just Admitted the Whole “Recovery” Narrative is Fiction

by Phoenix Capital
ZeroHedge.com
Jul 14, 2016

Central Bankers are absolutely terrified.

Case in point, yesterday Cleveland Fed President Loretta Mester suggested that the “next step” in monetary policy is “Helicopter money.”

Here are the key quotes:

However, Dr Mester signalled that in the event of another shock or economic downturn that most likely option would be more quantitative easing-style money printing.

“In the US we’ve done quantitative easing and I think that’s proven to be useful,” she observed.

The Rest…HERE

This entry was posted on Thursday, July 14th, 2016 at 2:10 pm and is filed under Conspiracy, Corruption, Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.