It’s Going To End Badly
By GE Christenson
Thursday, 14 March 2013
Jim Cramer from CNBC: “We all know it’s going to end badly, but in the meantime we can make some money.” Thank you Mr. Cramer for telling us the truth about QE and our economy.
Stan Druckenmiller, Legendary Hedge Fund Manager, on CNBC 03/05/2013: “I don’t know when it’s going to end. But my guess is it’s going to end very badly.”
The media encourages us to believe that practically everything in our economy is either good or getting better. Another way of stating the media hype is “all of our problems will be solved through the combined efforts of our capable politicians coupled with the wisdom and competent management of The Federal Reserve.”
Seriously? Congress has a miserably low approval rating, for good reason, and the Fed is busy creating and pumping money into banks and the bottomless pit of government spending. Neither has much interest in small businesses or the average American.