Editor’s Note: While many have seen this coming for some time, it is still difficult to believe that such a total implosion of the economy is upon us. The crooks on Wall Street and in Washington have soldiered on the path of destruction, and there is precious little we can do but take cover.
As the financial markets plunge, many are desperately waiting to see if the Federal Reserve and Janet Yellen will decline to raise the Federal Funds Interest Rate from its current 0-0.25%. In light of the volatility shown by the Dow Jones Industrial Average and other economic indicators, Wall Street yearns for more quantitative easing in the form of QE4.
Peter Schiff and Stefan Molyneux discuss the latest news in the United States and global economy, including: the Chinese currency devaluation, fall of the Shanghai Stock Exchange Composite Index, mountains of debt, the Dollar compared to the Euro, the plunge in the price of Oil, Bernie Sanders popularity, Gold, Jon Stewart formerly of The Daily Show, minimum wage absurdity, the hatred of the rich and the economic future of the United States.
Delivered by The Daily Sheeple
We encourage you to share and republish our reports, analyses, breaking news and videos (Click for details).
Contributed by Stefan Molyneux of Stefan Molyneux.