Federal Reserve begins QE3
Sunday political commentary (suitable for any modern American Sunday)
I got asked to state my political beliefs today. So here they are…
I’m damned disgusted that too many Americans don’t think for themselves with the minds that God gave them.
American politics is two cages of howler monkeys throwing handfuls of dung at each other. With the rest of us expected to choose between which dung is better than the rest.
Any other questions?...
$1 TRILLION, which may or may not really exist, getting pumped into economy
The Federal Reserve is sending $1 trillion more into the flagging economy via “purchasing Treasury bonds and mortgage securities”.
At this point I have lost count of how much money – the evidence for the actual existence of which is about as substantial as that for the Loch Ness Monster – has been “pumped” into the markets over the past six months.
Hyper-inflation, here we come…...