The Fed’s Big Lie, Gold, Silver & The Reality Of Inflation
April 25, 2013
On the heels of the Fed saying inflation is tame, today acclaimed money manager Stephen Leeb told King World News the that the Fed is lying and demonstrated the tremendous inflation the average family faces today vs the 1990s. Leeb also spoke about gold and silver. Below is what Leeb had to say in this powerful interview.
Leeb: “The Fed is now talking about extending QE because they believe inflation has remained tame. Well, that’s a shift because not too long ago they said they were going to cut back on QE and stop money printing altogether.
Now, all of the sudden, with America still not recovering the Fed is trying to boost the confidence of consumers once again. It says that we are going to need a great deal of money printing, but the problem is the money isn’t going to do a lot of good for the economy.
I also take issue with their theory that inflation is tame. What they are saying about inflation is so disingenuous and I’m getting sick and tired of it. I spent most of this weekend taking a look at what it costs the average family for necessities in this country. In other words, food prices….