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SE: RON PAUL: ENDGAME FOR THE FED?

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Keiser Report via Youtube


ENDGAME FOR THE FED . By Doctor Ron Paul 12 August 2019 .

There is no doubt we are witnessing the last days of not just the Federal Reserve but the entire welfare-warfare system .
The Federal Reserve, responding to concerns about the economy and the stock market, and perhaps to criticisms by President Trump, recently changed course on interest rates by cutting its “benchmark” rate from 2.25 percent to two percent. President Trump responded to the cut in already historically-low rates by attacking the Fed for not committing to future rate cuts.

The Fed’s action is an example of a popular definition of insanity: doing the same action over and over again and expecting different results. After the 2008 market meltdown, the Fed launched an unprecedented policy of near-zero interest rates and “quantitative easing.” Both failed to produce real economic growth. The latest rate cut is unlikely to increase growth or avert a major economic crisis.
For the full transcript go to https://financearmageddon.blogspot.com
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