by Jeff Nielson, Bullion Bulls Canada:
The descent into Wonderland continues. After five years of promising an Exit Strategy; in September of last year former Fed-head, B.S. Bernanke finally confessed that any “tapering” was impractical (if not impossible), as the U.S. economy was now a Ponzi-scheme which required ever increasing money-printing to avoid implosion, as clearly illustrated here.
Yet here we are in mid-March, and now we have new Fed-head Yellen telling us that the “tapering” (begun by B.S. Bernanke) is now smoothly proceeding on schedule. How is this possible? It’s not.
Here is what is really happening. First of all, there has been no “tapering”. All that has happened is that a Cheap Magician has reduced the quantity of money-printing in one program – the only one publicly disclosed. But he/she has increased the money-printing in the programs they refuse to disclose to the public, such as their fraudulent “0% loans” to Wall Street banks.
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