VOODOO ECONOMICS: Peter Schiff – ‘These Markets Are Rigged’

Like popcorn, the markets are full of hot air. They will and are collapsing despite whatever funny money the Fed prints.

RIELPOLITIK

Source – schiffgold.com

“…The last thing the Fed wants is for the free market to function because then it exposes the gigantic mess that they’ve created. So, they’re doing everything they can to prevent market forces from raising interest rates to a market-clearing level. So, the Fed has to come in with QE and they have to buy up or loan money into the commercial paper market to keep interest rates from rising”

Peter Schiff: These Markets Are Rigged

US stock markets enjoyed another Tuesday rebound with the announcement of even more monetary stimulus from the Fed and the hope of government fiscal stimulus and bailouts (only to tumble back limit-down today). In his podcast, Peter Schiff said this should make it crystal clear that the government and central bank are rigging the markets.

There is talk of “helicopter” cash and tax breaks, along with bailouts for the airline…

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