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Fed Playing With A Nuclear Reactor, Could Melt The Whole Thing Down!

(The Doc) [youtube_sc url=””]  Jim Rickards, author of the best-seller Currency Wars, sees the world’s central banks embroiled in a “race to debase” their currencies in order to restore — at any cost — growth to their weakened economies.

In the midst of the fight, the US Federal Reserve wields oversized power due to the dollar’s unique position as the global reserve currency. As a result, actions by the Fed create huge percussive ripples across the battlefield, often influencing events in ways little understood by the players — and especially by the Fed itself.
In Rickards’ words, the policymakers at the Fed “think they are dialing a thermostat up and down, but they’re actually playing with a nuclear reactor — and they could melt the whole thing down”.

This story was first read at Silver Doctors