Steve St. Angelo: Americans Have Never Been More Stock Market Exposed

• Palisades Gold Radio
  Tom welcomes back Steve St. Angelo of the SRSrocco Report. Steve explains the Fed’s Treasury purchase isn’t money creation; instead, they destroy it. Therefore, QE is not inflationary as many believe. This process is supposed to lower rates and thus increase public borrowing. However, QE is destroying money velocity and gradually ruining the economy.

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