“This is the Federal Reserve System at 100 years. The economy is now addicted to an emergency monetary policy. The FOMC has made it clear: the bubble conditions of the financial markets will not deliberately be popped by a return to 2007. This is the new normal — endless addiction to monetary expansion. Meanwhile, the banks refuse to lend into the economy. They pile up excess reserves. The FOMC clearly does not expect this to cease. That is why $900 billion a year is the new normal.”
http://www.garynorth.com/public/11906.cfm
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
LBJ Admits Assassination of Diem and Talks of the Consequences
Chicago Is Trying to Pay Down Its Debt by Impounding Innocent People’s Cars
USAF General: Nobody's Ready for the Killer Robot
“Banish Fractional Reserve Banking for Real Reform”
Obama: We Will Go To War For Other Nations’ Petty Territorial Disputes
IMF Goes Directly After Bank Depositor Money In Cyprus Bailout Plan
NSA Says It Can’t Search Its Own Emails
A Citizen Can Be Handcuffed And Driven To A Different Location But Still Not Be “Under Arrest”
¡Viva Secession!
Dad and Daughter Hauled Off United Flight, Assumed Sex Trafficker
Armed protesters show up to counter Indianapolis gun control rally
Searching for Gold Mines in Colombia Led to a Very Hairy Turn of Events
Travails of an American Tax-Victim Overseas
Reporter: Bush ‘negligence’ ignored pre-9/11 warnings
Eric Holder: Some Banks Are So Large That It Is Difficult For Us To Prosecute Them