Nassim Nicholas Taleb, author of ‘The Black Swan’ take on the Fed, debt, risk and quantitative easing. I am directly quoting from the video to give you an idea of what he is talking about:
We have a risk problem. We lost money, and you don’t double up with future generations’ money either by increasing deficits or by debasing the currency. […] There is no free lunch. […] We have too much debt in the system. […] Nothing is as permanent as things called temporary.
Enjoy!
News shared with millions has no added value. – Nassim Nicholas Taleb
The problem with experts is that they do not know what they do not know. – Nassim Nicholas Taleb
My public list with all my charts can be viewed here:
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID2791469