“Bernanke made a comment about the possibility of changing this policy later in 2013, but only if the economy continues to grow. The financial media headlined this statement. Stock markets immediately tanked. Why? Because investors believe that the world’s economic recovery is dependent on the $1 trillion counterfeiting operation, no matter what the general economic statistical indicators say. They do not trust the FOMC’s judgment in assessing these indicators. They do not trust anything except counterfeit money. In short, they are becoming implicit Austrian School economists. They see that mass monetary inflation has rigged the capital markets.”
http://teapartyeconomist.com/2013/06/20/investors-say-mises-was-right/
Related posts:
Ron Paul: Nevada Standoff a Symptom of Increasing Authoritarianism
TSA: Ask the Fed for Relief...From the Fed?
NGO Lies, US Government Ties, and Pu**y Riot: Who Are the Real Monsters?
Is the U.S. the World’s Moral Authority as Obama Thinks?
Bill Bonner: What if Mr. Summers weren't so brilliant, after all?
To protect restaurants, D.C. may curb food trucks
What a case from mid-1700s Scotland tells us about fungibility of money
End the Wars to Halt the Refugee Crisis
“Stalin Would Love This…”
Statist Media Courtesan: All Rights are "Infringe"-able
Ryan and Biden: Birds of a Feather
Andrew Napolitano: Domestic Spying Is Dangerous to Freedom
Outrageous HSBC Settlement Proves the Drug War is a Joke
Obama: Fool Me Thrice, Shame on Whom?
Nigel Farage: Collapsing The System & Enslaving People