Pete Santelli – Central Banks Need to STOP “HELPING” (Video)

YT Comment

Wayne Jones
The free market economy is all but dead. Its all central bank manipulation of what was once a free market for a new system of hide the disastrous results of their monetary policy. This is government running amok. And to those who are cheering the Fed on, fail to see the consequences of this manipulation. Hey it all looks good on the way up, right? No, this is essentially the central banks giving up on free markets. Since they don’t move up through failed policy they just print some more money and presto chango…. we can all pretend the current prices are reflecting reality, instead of what it really is and everything is just peachy. Of course the other side of this nonsense will be a crash beyond anything seen in over a hundred years, as markets will be forced to overcome being propped up by fake money during this period. The reality is that both fiscal and monetary policy have turned their backs on policies that encourage actual economic growth and this new system is the replacement of intelligence. Market manipulation is their final solution for their failure.

Sharing is caring!

Author Image

Peter Schiff

Mr. Schiff began his investment career as a financial consultant with Shearson Lehman Brothers, after having earned a degree in finance and accounting from U.C. Berkeley in 1987. A financial professional for more than twenty years, he joined Euro Pacific in 1996 and served as its President until December 2010, when he became CEO. An expert on money, economic theory, and international investing, he is a highly sought after speaker at conferences and symposia around the world. He served as an economic advisor to the 2008 Ron Paul presidential campaign and ran unsuccessfully for the U.S. Senate in Connecticut in 2010.