THE FED will not and can't end QE. I am totally correct about my statement. The ending of QE now
would mean a collapse of the economy to depths not ever seen since the civil war. The unemployment rate would be 40 to 50%. Social unrest would be at its heights, and home prices in America would drop by 70 to 90 percent. You really think they are going to quit now? The statements are meant to scare people our of gold and silver positions. The fed is not stupid, and they know they are trapped at this point. Could you imagine interest rates at even 7 percent ? OMG, I would debate Uncle Ben and he could only lie, as he is no dummy.
According to many I have heard this morning, including Rick Santelli, it was more to scare the lawmakers and the administration. They are saying now that the FED is feeling like it made a mistake trusting and helping a dysfunctional administration who never had any intention of returning to fiscal sanity and a balanced budget.