Tuesday, December 3, 2013

Likely that Fed will self destruct

In America we've had 3 central banks in our history. The first two disappeared. 

This one is going to disappear as well. They keep making mistakes, leveraging balance sheets, taking on huge amounts of debt. 

This one is going to self destruct, unless politicians say 'this is a mistake lets get rid of it' However, its more likely they [Fed] will self destruct. 

Jim Rogers

Warren Buffett

Nouriel Roubini