Comments by "Ray Bod" (@raybod1775) on "El-Erian: Fed Needs to Start Tapering Despite Jobs Report" video.

  1. If the Fed doesn’t taper soon, the U.S. will have a crash equal to or exceeding the Great Depression. No country has survived economically by trying to print money to save its economy. Right now, excess capital is only making the asset holders paper wealthy. I see money velocity picking up in my area of the Midwest. Money velocity will dramatically pick up as the economy continues to open. That will increase inflation dramatically and could quickly lead to uncontrollable consequences without tapering.
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  2. Federal Reserve current primarily goal is to keep the wealthiest wealthy, the bankers wealthy and investment houses wealthy. Yes, previously they cared about employment, the economy and keeping inflation under control, but that’s not how they’ve acted the last several years.
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