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#1 Ron Paul
"It means we are weakening the dollar. We are trying to liquidate our debt through inflation. The consequence of what the Fed is doing is a lot more than just CPI. It has to do with malinvestment and people doing the wrong things at the wrong time. Believe me, there is plenty of that. The one thing that Bernanke has not achieved and it frustrates him, I can tell—is he gets no economic growth. He doesn’t do anything with the unemployment numbers. I think the country should have panicked over what the Fed is saying that we have lost control and the only thing we have left is massively creating new money out of thin air, which has not worked before, and is not going to work this time."
#2 Peter Schiff, CEO Of Euro Pacific Capital
"This is a disastrous monetary policy; it’s kamikaze monetary policy"
#3 Michael Pento, The Founder Of Pento Portfolio Strategies
"This is the nuclear option for them. This is a never-ending weapon that is being fired at the middle class"
#4 Donald Trump
"People like me will benefit from this."
#5 Economist Anthony Randazzo
"Quantitative easing—a fancy term for the Federal Reserve buying securities from predefined financial institutions, such as their investments in federal debt or mortgages—is fundamentally a regressive redistribution program that has been boosting wealth for those already engaged in the financial sector or those who already own homes, but passing little along to the rest of the economy. It is a primary driver of income inequality formed by crony capitalism. And it is hurting prospects for economic growth down the road by promoting malinvestments in the economy."
Originally posted by wishful1gnorance
reply to post by sheepslayer247
I just want to point out, without getting to far off topic, a minor correction:
Defcon 5, means no warning or no danger
Defcon 1, means imminent nuclear attack
but yes, please, shut down the fed with it's corrupt policies... If we allow this to happen, our struggles will only be carried out for another decade. But HOW!?!?!?
Originally posted by DAMNTHATPASSWORD
.... So for me the question remains not of what is happening, its obvious, but what can the American people do about it. ('')