Earlier today, reader Charles asked me what I thought about an article on ZeroHedge entitled “Is The Fed Going To Attempt A Controlled Collapse?”
The question stems from lengthy (256 page PDF) from the BIS Annual Report (Bank for International Settlements) that stated among other things “The only source of lasting prosperity is a stronger supply side. It is essential to move away from debt as the main engine of growth.”
The BIS slammed the Fed in numerous places and in numerous ways, especially regarding the Fed’s reliance on QE.
The BIS slam, coupled with a recent stock market selloff, brought up debate on a “controlled collapse“. Continue reading