John Williams from ShadowStats.com says the Fed’s quantitative easing has failed because the bank balance sheets remain toxic, so lenders are not lending, stifling the intended economic growth. The trillions of dollars added to the Fed’s balance sheet since 2008 simply kicked the recessionary can a few years down the road but the net result will be a new domestic depression. In order to stave off the angry hoi poli (we the people) Fed officials will coordinate with their global colleagues and Capital Hill to orchestrate a massive banking system recovery program, Bailout 2.0. If officials would implement tariff’s to defend the domestic industrial base / high paying jobs and improve ailing exports, the economic engine could be revived. However, few political leaders appear to have the wherewithal to stave off the blowback required by such legislation. Disruptions in the flow of products to grocery stores and rapidly rising prices requires planning today, including the addition of gold, silver and survival goods to ride out the impending economic earthquake.
Click Here to ListenHelp us spread the ANTIDOTE to corporate propaganda.
Please follow SGT Report on Twitter & help share the message.