FORMER FED PRESIDENT: “WE INJECTED COCAINE AND HEROIN INTO THE SYSTEM TO CREATE A WEALTH EFFECT”

via: Zero Hedge Just two months ago, former Fed President Dick Fisher admitted that “The Fed front-loaded an enormous market rally in order to create a wealth effect.” Today he
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After 6 Years Of QE, And A $4.5 Trillion Balance Sheet, St. Louis Fed Admits QE Was A Mistake

“There is no work, to my knowledge, that establishes a link from QE to the ultimate goals of the Fed inflation and real economic activity. Indeed, casual evidence suggests that
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Global Banking System on the Verge of Total Collapse

As the axiom goes, “Those who ignore history are doomed to repeat it.” And since our politicians, bankers and citizens have ignored the horrifying events of just 6 years ago,
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The Swiss will not have more EU QE

Source: Daily Business Report In the ridiculous charade that passes for the foreign exchange currency markets, the ease upon which a 39% spike in the Swiss Franc to the EU
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A Global House Of Cards — Paul Craig Roberts

Source: Institute for Political Economy Paul Craig Roberts As most Americans, if not the financial media, are aware, Quantitative Easing (a euphemism for printing money) has failed to bring back
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What In The World Is Happening To The Nasdaq?

By Michael Snyder Republic Broadcasting Network All of a sudden, the Nasdaq is absolutely tanking.  On Monday, it fell more than 1 percent after dropping 3.6 percent on Thursday and
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Federal Reserve has no integrity

Source: Press TV As we documented in previous articles, the gold price is driven down in the paper futures market by naked short selling by the Fed’s dependent bullion banks.
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The Federal Reserve Seems Quite Serious About Tapering – So What Comes Next?

By Michael Snyder Republic Broadcasting Network Will this be the year when the Fed’s quantitative easing program finally ends?  For a long time, many analysts were proclaiming that the Fed
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