Fed Tapering & Propaganda To Lead Down A Disastrous Road
December 18, 2013
On the heels of Fed propaganda after the $10 billion tapering announcement, today one of the top economists in the world spoke with King World News about the significance of what has taken place today from the Fed. This is a timely and powerful interview where Michael Pento, founder of Pento Portfolio Strategies, also discusses what this means for major markets, including gold.
Eric King: “Michael, as the economy rolls over in Europe and in the United States, how will they (the Fed) keep the taper on without a full blown collapse?”
Pento: “They won’t be able to. In fact, a reporter asked Mr. Bernanke what would happen if the economy were to falter in 2014, precisely due to the taper, and he said, ‘The taper could be reversed and asset purchases could be increased.’….