* The Fed removed the word "patience" from their statement while promising patience * We are likely to see weaker employment numbers, further delaying talk of rate hikes * Pundits who failed to foresee the 2008 crisis are now saying the "problem is solved" because they do not understand the problem * The problem is worse now than ever * The Fed caused the 2008 crisis and they are in the process of creating the next, much larger crisis * I have been critical of QE 1,2 and 3 and low interest rates because they only mask the problem * "Failure of Capitalism" comments are actually criticizing our socialist economic policy * The same applies to the Fed, as they are price-fixing the market * Faulty logic assumes that low inflation is the reason for the weak economy * Low inflation, which is not as low as reported, is a silver lining in the economy right now * The rich are making money on inflation because they are leveraged and speculating * Inflation undermines the middle class, business and job creation * Who will be blamed when the consequences of the Fed's policy finally result in crisis? * Free market capitalism is the solutionOur Sponsors:* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related