Think of the enormous power having access to trillions of freshly printed money gives to the Fed, the banks that own it, and their favorite political cronies who can continue to spend like there's no tomorrow.
The Us is quickly becoming a corrupt 'populist' oligarchy a la Argentina-- and soon, we'll even speak Spanish!
“Loan Rates in Argentina Reach 65% Annually; Is 65% a Good Rate?”
Read more at http://globaleconomicanalysis.blogspot.com/2014/02/loan-rate-in-argentina-hits-65-annually.html#k2UAh12KoPCt2Tsq.99