Looks like budget cuts are coming whether folks like it or not. The Congress had a chance to maintain our financial system and credibility but instead, this is coming in July. If QE3 follows QE2, the referenced article says we can expect month over month inflation to be approximately 5% to 10% or 100% per year... can anyone say "Currency Crisis?" or "Weimar Republic?"
Why aren’t the budget cutters addressing the real problem - the Federal Reserve and their crony relationship with the same banksters that put the economy in the dumpster.
The Greenspan-Bernanke Fed poured gasoline into the economy to create these bubbles and now the Bernanke Fed is doing the same and in the process they are forcing individual Americans to either put their capital in the casino of multi-national banks and corporations, or under a mattress. The WS capital goes all over the world instead of being invested in the local economy through local banks using deposits from savers. Their BS story is that investing in Wall Street is investing in the USA, when that capital goes all over the world.
The Fed does not want Americans buying American debt and paid a reasonable return. They want Americans making the financiers rich and our debt going to other nations.