Friday, October 14, 2016

America: An Ungovernable Nation, 
An Ungovernable Economy 5*
Charles Hugh Smith* explains why not only will Federal Reserve policy not fix what's broken, it will actively make the structural problems worse .. "This is why the economy will be ungovernable: all the financial gambits that have been played to create the illusion of 'prosperity' have reached stagnation/decline
The key take-away is that the financial gambits--QE, zero interest rates, etc.--did not actually address the economy's structural problems.
All the Federal Reserve and fiscal stimulus policies accomplished was to prop up the .. stagnant engine of debt-serfdom, rising inequality and financial fragility."
LINK HERE to the essay

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