Home > Politics > Wait…didn’t I just ask this question?

Wait…didn’t I just ask this question?

Didn’t I just say a couple of days ago that this whole AIG fiasco feels like a “look at the right hand, not the left!” kind of thing?

I usually like it when I’m right.  Not today.

Fed launches bold $1.2T effort to revive economy

It’s called quantitative easing.  Sounds kinda harmless.

Yesterday, the Federal Reserve started quantitative easing (or, printing money).  $1.2 TRILLION dollars of QE  is being injected into our economy.  Within about 18 hours of this news, gold shot up about $70 dollars in value.

This is on purpose, they are expanding the money supply.  Expansion of the money supply = inflation.  Basically, we are creating our own money to pay for our own programs.  Sound familiar? (Ya okay…that is alarmist, I apologise.)

The more I think about it, ignorance truly is bliss.

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