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Fed knows but won't admit that the problem is debt, Embry tells KWN
8:06a ET Wednesday, November 4, 2015
Dear Friend of GATA and Gold:
The Federal Reserve knows that the world financial system's big problem is too much debt and that higher interest rates will sink the world economy but can't admit it, Sprott Asset Management's John Embry tells King World News. Instead, Embry says, the Fed merely talks about raising rates and issues bogus economic data. An excerpt from his interview is posted at the KWN blog here:
http://kingworldnews.com/the-unsuspecting-public-is-being-led-into-immen...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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