Despite Rally & Propaganda, Fed To Launch Historic QE-Infinity
KingWorldNews.com
October 17, 2014
On the heels of a massive rally in the stock market, today one of the brightest minds in the financial world warned King World News that despite the current rally and increased propaganda, a key event is going to create panic and allow the Fed to launch its final plan of “QE-Infinity.”
By Michael Pento of Pento Portfolio Strategies
October 17 (King World News) – Despite Rally & Propaganda, Fed To Launch Historic QE-Infinity
It wasn’t too long ago that the stock market was busy celebrating a “great” September jobs report. There were 248k net new jobs created and the unemployment rate dropped to 5.9 percent. Janet Yellen, Ben Bernanke and the rest of Washington D.C.’s central planners deemed it a great time to take a Keynesian victory lap, basking in the delusion that they have now proved you actually can print and borrow your way to prosperity.
And because of their success, the Fed would be able to raise interest rates without any damage to the economy….
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