“What the Fed’s doing right now, there’s no checks. There’s no balances. There’s no budgets. You try running your checkbook like that—how long is that going to last?”— Eric Sepanek, Founder of Scottsdale Bullion & Coin
Picture it now: your portfolio nearly bursting with skyrocketing stocks. Your bank account just about exploding with cheap money. Light-switch easy interest rates. Sounds pretty good, right?
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You wouldn’t have it, right? But that’s exactly how the Fed runs America’s finances. And why it’s just as responsible for all that fast money Wall Street loves as it is for every recession and depression this country’s ever seen. (See more on this from Eric Sepanek on AZTV’s Mike Broomhead Show. Watch the video above.)
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