Inflationary Depression Looming -- Paul Craig Roberts

 What can the Fed do now that the economy is turning down again? Former Assistant Treasury Secretary Dr. Paul Craig Roberts says, “There’s not much they can do except print more money. That will eventually get into the economy and drive up prices. So, you are going to have no ability to buy anything because of rising prices—hyperinflation. They have created a perfect storm. There is really no way out for the Fed. They focused the economic policy since 2008 on saving four or five big banks. That’s all they have done. . . . They have used up everything to save four or five big banks. . . . So, we are going to go into a recession. How do you get out of it? I can’t see any way for them to get out of it, so, it will worsen. I think it will head into a depression. . . . I think we are going to have an inflationary depression.”

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