EPIC RANT: “They Take a Press Release from the Federal Reserve and They Think It Was Written by God”
June 19th, 2013
If there’s one thing that individual investors can take away from Ben Bernanke’s latest Fed update, it’s that all confidence in the financial and economic systems of this country has been lost.
Within seconds of Ben Bernanke suggesting the Fed would taper monetary expansion and reduce their activity stock markets tumbled.
This proves one thing, and it’s what we and many other critics of Fed policy have been saying for nearly five years. The only thing keeping the entire system afloat is the fact that the U.S dollar is the world’s reserve currency, and that we can print it to infinitum.
Ben Bernanke simply spoke of pulling back the money printing and look what happened. Stock markets dropped almost instantly. Can you image what will happen when the Federal Reserve actually stops the printing, or even pulls back a little bit?
It would be financial chaos on an unprecedented scale.
Americans should be outraged that it has come to this. And one American in particular has no qualms about letting his feelings be known.
Watch CNBC’s Rick Santelli as he calls out Chairman Ben Bernanke, fed policies, unemployment statistics, and the blind followers who refuse to question the government’s widespread machinations.
This is one you don’t want to miss.