Historic Fed Failure Continues Destruction Of The United States
September 18, 2013
Today one of the top economists in the world spoke with King World News in the aftermath and turmoil of the Fed’s historic decision not to taper QE. He also lamented, “Isn’t it amazing that we gave an unelected entity this much power — the power to destroy the currency, and the middle class of this great nation.” Below is what Michael Pento, who heads Pento Portfolio Strategies, had to say in this extraordinary interview.
Pento: “Don’t forget the Great Recession supposedly ended in 2009. Here we are in 2013, almost 2014, and yet the Fed has never been more accommodative than they are today, and the economy is so reliant on this amount of artificial stimuli, that they can’t drop purchases by even $1….