The Federal Reserve’s rescue has FAILED!
March 3rd, 2008 . by admin
The verdict is in. The Fed’s emergency rate cuts in January have failed to halt the downward spiral towards a full-blown debt deflation. Much more drastic action will be needed. The Fed is now singing from a different hymn book, warning of the “possibility of some very unfavorable outcomes”. Inflation, the worst of all taxes is not one of them.
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