How The Fed Fails
This article was originally published by Charles Hugh Smith at Of Two Minds Blog.
The Fed has a binary choice: preserve America’s global hegemony or further enrich the billionaires. You can’t have both.
The Fed will fail as a result of two dynamics: diminishing returns and the U.S. dollar’s role as a global reserve currency. The Fed’s reign as the godhead of financier-banker supremacy has been fun and games for the past 12 years of stock market euphoria, but that’s about to change.
All those expecting…