“Turning Wall Street into a reckless, dangerous, and greed-riven casino, the Fed has at the same time crucified the nation’s savers on a rack of ZIRP (zero interest) and fueled a global commodity bubble that erodes Main Street living standards via soaring food and energy prices—inflation that the Fed then fecklessly deletes from the CPI.” Excerpt From: Stockman, David. “The Great Deformation.” PublicAffairs. iBooks. This material may be protected by copyright.
Posted on: Wed, 11 Sep 2013 04:49:45 +0000