The Phaserl


John Rubino – Is the Fed is the Hand of God?


John Rubino joins us once again… In Greek plays the authors were never sure how to write the ending. They used a technique known as the deus ex machine, now referred to as the Hand of God to magically solve the seemingly unsolvable. John asks if the Fed is not modern man’s deus ex machine. But perhaps they’re running out of their magical god-like powers. How will they save Kentucky or Illinois’s pension plans, or the thousands of other public pension plans that are heading towards insolvency? The answer isn’t yet known, but perhaps the deus ex machine is being dusted off now.

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