The Five-Year Fantasy Is Ending

“Since these monetary/fiscal fixes (i.e. distortions) didn’t address the real issues, all they can possibly do is increase the magnitude of the next collapse.” Charles Hugh Smith

The Fed Has Failed and Reality Will Return

This chart below shows that the Fed’s policies since 2007 have been a complete failure as regards the broad economy. There never has been a real recovery and the Fed can only create an illusion that benefits a small minority at everyone else’s expense. The...