* The Fed released long-awaited FOMC official statement * Indicating they will be more patient without the word "patient" than when they were officially patient * Why take the word away in the first place? * The Fed wants to appear to be moving closer to a destination to which it has no intention of arriving * The Fed is clearly more concerned about the economy today; they reduced growth estimates * Janet Yellen said she will not raise rates until she sees improvement in the labor market * The Fed not satisfied with 5-1/2% unemployment * The jobs number is the outlier and will turn around * Housing starts collapsed in February; biggest in 8 years * Economic Surprise Index is most negative in memory * It doesn't matter what the unemployment rate is; the Fed can't raise rates without creating a financial crisis worse than 2008 * The minute the Fed went down the path of QE, they sealed our fate * There is now so much debt that we need QE more than ever * The dollar had a huge rise in anticipation of rate hikes * The Fed is more likely to launch QE4 than to raise interest rates * The Fed is not going to raise interest rates until there is a currency crisis * When the dollar turns, commodity prices will surge in all currencies * The fact that the day of reckoning has been delayed with increased debt means a bigger payday for Euro Pacific Capital investment strategy * It will be better to restructure and default on some of our debt that to deflate it away * Understand the end game, ride it out and have the last laughOur 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

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

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