“What has been carrying the U.S. economy for the past six years?  Answer, the Fed.  Without the Fed the U.S. economy would have had a much more difficult time.  There have not been any policies by the current administration which have helped the economy.  The political agenda is to move the country toward even greater socialism, not to help the economy….”

“But the Fed is absolutely a political animal with its own political agenda.  What I think the Fed is going to do if the Republicans win is let the stock market go down by 25 percent.  So I told you before that the market would not be allowed to fall, and that’s exactly how it unfolded.  Now I am telling you that the market will be allowed to fall….”

….continue reading HERE

…also:

We’re Close To One Of The Most Dramatic Reversals In History

“I find it fascinating that we are seeing continued weakness in the price of oil.  What’s interesting is that Saudi Arabia is clearly in favor of lower oil prices.  Saudi Arabia’s production levels are close to all-time highs.  And the Saudi’s are driving the price of oil lower in the face of enormous turmoil in the Middle East, including violence in six Saudi cities….

“Obviously the Saudis are sending a message by taking the oil market to unsustainably low levels.  This is going to kill the fracking industry in the United States if prices remain at these depressed levels.  There will be bankruptcies in this space and it will also hinder financing for future projects.”

….continue reading HERE