by Gary Christenson
Chairman Bernanke promised the Fed would unwind Fed purchases from the 2008 crisis. Now we know they can’t and won’t. The Fed balance sheet of created QE currency units will expand until a reset occurs.
When will increasing debt and the QE nonsense stop? Perhaps…
a) When a snowstorm devastates South Texas in August.
b) When the Fed begs forgiveness for its monumental sins.
c) When the US government balances its budget.
d) When global fiat Ponzi Schemes collapse.
e) When a huge financial reset occurs.