IPFS News Link • Federal Reserve
The Fed Has Failed, Failed, Failed
• http://www.zerohedge.com, by Charles Hugh SmithInstead he went all-in, emptying the Fed's toolbox in one big dump: unlimited money-printing, unlimited propping of the mortgage market, unlimited support of low Treasury rates and three more years of zero-interest rate policy (ZIRP). Here is the translation of the Fed Chairman's public comments: whatever. Did you see any of his testimony? It was painfully obvious that either 1) he was sky-high on Ibogaine or 2) he was just going through the motions, duly enunciating PR "cover" that he finds tiresome to repeat and impossible to say with any sincerity or conviction.
His body language and delivery said: "You think I believe this canned shuck and jive? Get real, chumps."