"The Federal Reserve has made another announcement, Eric, and each one of their proclamations makes it more obvious that the Fed is no longer in the driver's seat.  It is just rehashing the same stuff.  The reality is the Fed is losing control.  It is slowly but surely being overwhelmed by events, and particularly, the reality that US government finances are out of control."


"That's why the US lost its triple-A status. We should expect another downgrade soon, just like is happening with the serial downgrades in Europe.

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