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Friday, January 31, 2014
The Fed will Bankrupt The World
First, nobody could have
a more negative view of the Federal Reserve than I. It is run by a
disastrous group of academics, who have no clue about what is happening
in the real world. They believe money-printing can create jobs. They are going to
bankrupt the world. Mr. Bernanke said the intention of QE3, which then
turned into QE4, was to lower long-term bond yields. As it happened, yields
on Treasury notes and bonds bottomed on July 25, 2012, and have been
rising since. The policy was a failure.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.