Today's FOMC announcement shows the Fed has drastically underestimated the severity of the...

|By:, SA News Editor

Today's FOMC announcement shows the Fed has drastically underestimated the severity of the coming economic downturn, according to Marc Faber. To make matters worse, they've exhausted the treasury on a failed QE1/2. QE3 will come regardless, he says, but it won't help. The best action they could take at this point would be "to collectively resign." (Watch video here).