Is Fed Policy for Illegal Wokers?
The Federal Reserve has promised to halt the insane money creation known as QE I, II, & III if unemployment falls bel0w 6.5%. That’s where it would be if not for illegals.
So the devaluation of our currency is being affected by the unemployment of illegals in the U.S. And not just any illegals but those from Mexico and Central America.
This chart shows the unemployment rate by country of origin:
It sure looks like Fed policy is being promulgated based on unemployment numbers skewed by high percentage of unemployed illegal immigrants from Mexico and Central America.
H/T Bruce Krasting
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