Full Default of Global Debt Coming; USA Watchdog Interview w/ Andrew Hoffman

TND Videocast Spotlight:  Greg Hunter’s USAWatchdog.com

Financial writer Andrew Hoffman says the Fed has a lousy track record for predicting the economy. Hoffman explains, “It’s not just the Fed, but all central bankers have been wrong on pretty much everything they have said. In the case of the Fed, in particular, which is by far the most important central bank in the world because what they . . . do destroys everyone else, it’s been three years, and they have been talking about economic recovery, and then they decide to raise rates just as the economy gets the absolute worst in our lifetimes. We are getting closer to the Yellen reversal when she is forced by markets to admit they have been wrong.”

Hoffman, who is a former Wall Street oil analyst, points out, “Oil is about to go under $30 a barrel, and it may go a lot lower. This is an historic imbalance, and it’s not just crude oil, but all commodities. . . . There has been too much money printing for too many years and too much financial engineering and cheap and easy loans, which has created a gargantuan oversupply of absolutely everything. Former Fed President Richard Fisher just went on CNBC and . . . literally said we manipulated the market because it was falling and we created a bubble, and guess what? It’s bursting, and there is nothing you can do about it. . . . One by one, they are all saying they were wrong. Greenspan is saying it. Bernanke is hinting at it. A lot of Fed governors that are leaving are hinting at this, and pretty soon, the whole world will know it.”

Click here to read the rest of Greg Hunter’s write-up and to access the active comment section.

After the Interview:

Andy Hoffman is a prolific writer and writes a new article almost every workday at MilesFranklin.com. If you would like to read his analysis, please click here.

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About Greg Hunter:

Mr. Hunter is the producer and creator of Greg Hunter’s USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. Greg Hunter’s USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows. Greg encurages feedback and welcomes comments. You may also support USAWatchdog.com by clicking here to donate.  Reprinted with permission.

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