Cliff Küle's Notes:

Cliff Küle's Notes Your daily CONSOLIDATOR of the most insightful WEB presentations on the subject of MONEY .. The Ultimate Confidence Game .. How our Monetary System works for the benefit of some .. at the expense of others.

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(Untitled) Nov 4th 2013, 19:07, by noreply@blogger.com (Cliff Küle) Federal Reserve  Policy "Simply Not Supported By The Evidence" John Hussman highlights several areas of Federal Reserve dogma that are simply not supported by the evidence .. the Federal Reserve is relentlessly pursuing a trickle-down monetary policy that has weak economic effects, thin historical support, ominous implications for the markets & the economy .. "The Fed, very simply, is pushing on a string. It is a dogmatic effort that is unsupported by historical evidence. Even to the extent that the Fed's efforts have 'worked' in driving stock valuations higher, much of this effect is due to psychological, rather than mechanistic, relationships. In the words of Zorba the Greek, the 'full catastrophe' of economic life here is driven by dogma and superstition. This will end very badly." LINK HERE to the essay

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