Peter Schiff On Trump ‘Owning The Stock Market Bubble’: “The Fed Now Has Their Fall Guy”
Via The Ron Paul Liberty Report,
ZeroHedge.com
Jul 29, 2017
Let’s start at the beginning. Bubbles and Busts are both created by The Federal Reserve.
Presidents are merely along for the ride. They like to credit themselves for the bubbles, and then look for scapegoats, usually the (non-existent) free market during the busts.
But it is The Fed that creates them both.
President Trump has made a big (yet understandable) mistake. He’s tried to portray himself as the cause of the current bubble in the stock market. He wants credit where credit is due.
In this case, credit is not due.
As we already mentioned, the Fed created the current bubble, and did so a long time ago.
One look at a chart of the S&P 500 says it all:
The Rest…HERE
