Sunday, 2 October 2016

Peter Schiff - No Way Out for Fed Trapped in Monetary Roach Motel

On the Fed’s huge multi-trillion dollar bond portfolio, many years ago, Schiff predicted the Fed could not sell anything and only buy more junk to prop up the markets. Schiff adds, “Here we are in 2016, and not only has the Fed not sold a single bond, every bond that has matured has been rolled over. Every dime of interest they earned has been used to purchase more bonds. So, they are trapped in the very monetary roach motel they were trapped in from day one.”

[Posted at the SpookyWeather blog, October 2nd, 2016.]

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