Amazing Caller Declares “Fed Officially Lost Control”
Last night I tuned into Free Talk Live, and there was a caller sharing his professional commentary as a financial advisor that he believed that we could mark March 12, 2020 as the day that the Federal Reserve officially lost control of the dollar, and by extension, the entire American economy.
As far as I can understand from a laymen’s perspective, the stock market started to tumble because of panic and fears related to the corona virus — specifically, interruptions in “supply chains” because of factories and warehouses and transportation businesses telling workers to stay home. The idea is that some time needs to pass for people to be isolated and prevent the transmission of this deadly virus. After a while passes, and the number of new cases starts to decrease rather than increase, then life can begin to resume as normal. But until then, the economy is shutting down. There is a panic in the market, causing the biggest point drop in Dow history this week.
In response, the Federal Reserve (aka “The Fed”) injected (aka “printed”) $1.5 Trillion dollars into the economy. A trillion is a thousand billions, or put another way, a trillion is a million millions. It’s a lot!! And the market ate it up, rallied for a moment, and then continued its downward spiral. Woops. That wasn’t enough. If that wasn’t enough, then what WILL be enough? Can anything boost the confidence of the market? It seems not. And the only tool left in the Fed’s toolbox is money printing. They are talking about buying stocks now to help save the stock market. Will that work? Is that even a good idea? What if they are just trying to keep a sham economy going, and the jig is up? Uh oh.
So! Listen to this amazing call by Tim Picciott of TheLibertyAdvisor.com — I am not affiliated with Tim in any way other than we met at a conference one time and exchanged pleasantries. I think he’s a cool, smart guy, and his call into FTL was historic, so I ripped it from YouTube and uploaded it here for your enjoyment:
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