Permanent Economic Damage – Danielle DiMartino Booth with Greg Hunter

Danielle DiMartino Booth – Gold For When It All Hits the Fan

by Greg Hunter
USA Watchdog

Former Fed insider Danielle DiMartino Booth is not a fan of the Federal Reserve, especially now, with its massive money printing campaign. DiMartino Booth thinks “the damage to the economy is permanent” and that’s not the only thing here to stay. DiMartino explains, “We are seeing permanent inflation increasing, and we have seen another uptick in initial jobless claims. This is not the data you want to see if companies want to have pricing power. . . . We do have inflation where it is not measured, and that is in asset prices and housing prices.”

Di Martino Booth says the Fed will do everything possible to keep the money printing going. DiMartino Booth contends, “Anything they can do to keep the printing presses running, any cover they can try and create, any type of narrative they can try and paint that allows them justification to go from a $4.5 trillion balance sheet to a $7 trillion balance sheet. . . . The Fed is looking for cover to continue its constant quantitative easing (money printing) campaign. If it says it is going to let inflation run hot, it has that cover it is looking for. It is always about lower for longer. It is always about keeping the printing press running 24/7.”

DiMartino Booth says don’t take the stock market highs at face value because if you look deeper, things are not that good. DiMartino Booth says, “The concentration of the seven largest stocks is now $8 trillion. That is larger than most countries, by the way. Without them, the S&P 500, the broadest benchmark stock index in the country, would be . . . a down year in the stock market.”

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