George Soros is behind this.
Posted on 11/14/2010 7:55:15 AM PST by george76
It’s never a good thing when another country calls your financial policy clueless. It’s particularly bad if that other country is one of the world’s leading economies, and if it also happens to be right.
“With all due respect, U.S. policy is clueless,” German Finance Minister Wolfgang Schaeuble said recently, referring to the Federal Reserve’s decision to throw $600 billion at our sluggish economy.
The Fed can create as much money as it likes, but the U.S. economy is presently unable to productively put that money to work. By setting near-zero interest rates, the Fed has established that money in this country has no real value. We give it to the banks for nothing, and the banks lend it back to the deficit-ridden U.S. Treasury for almost nothing. The result is a guaranteed profit for the banks, but no incentive to lend cash to creative entrepreneurs or expanding businesses.
(Excerpt) Read more at businessinsider.com ...
That is, with zero respect, because zero respect is due. Respect is earned. Money that is printed isn't earned. Policies that print money aren't respectable.
It’s like a professional building contractor hanging a 200-pound chandelier from the ceiling using drywall anchors.
It’s like baking bread using sawdust instead of flour.
Not only that, but it will cause political instability that will lead to war.
Wasn’t that tried in the 70’s and called “diet bread”? IIRC, I had a HS teacher that spoke about that in health class.
“It’s like a professional building contractor hanging a 200-pound chandelier from the ceiling using drywall anchors.”
Is this something you know from experience?
I think that you are right.At least you got enough fiber in your diet if you ate that.
“Policies that print money aren’t respectable.”
It seems that Germany has learned from it’s historical
mistakes. Let’s hope that we do. Nah, The “0” Will show
them. Next we invade Poland.
Yes - that’s right! Same as the “cotton ball” diet.
YUMMY! Just add a dash of Tobasco sauce and go...blah...
Of course not. If a professional building contractor tried to do that he'd probably be thrown into a lunatic asylum. Alas, we don't treat highly-educated economists the same way we treat building contractors.
Actually, the analogy came to mind because this weekend I went to install a Kohler medicine cabinet in my bathroom. The damned thing was designed so that the only way you could install it was with drywall anchors. I was damned if I was going to hang a 35-pound cabinet with anchors, so I ended up taking the wall apart and building up the area between the studs so I'd have something solid to screw the cabinet into.
George Soros is behind this.
It’s like a factory that is not able to sell it’s product so it spends all of it’s money and all of it’s credit and then some hiring maintenance men.
A community organizer would be very familiar with the idea of someone getting something (like money) that isn't earned.
That seems to be the pivotal theme of 0's presidency, his policies, his agenda, and his life.
It’s not clueless. The White House and the Czars know exactly what they are doing. That’s what has to stop.....even if it means stopping it prior to the 2012 elections.
What she really meant to say was your forefathers had more insight and foreskin than you do.
Ben Bernanke needs to be removed from office.
The Republicans should get out ahead of Obama on this and run commericals to build political capital—by showing them what the rest of the world thinks about Obama’s economics and the Fed’s Democrat-commanded “dual mandate”.
Funny how much has “changed”, with Obama defending his pro-America/America first” economic policy the way he condemned Bush for being unapologetic about defending America militarily....
The scary thing about Obama and the Dems is that economic cooperation is meant to keep the world peaceably trading and cooperating...eg, Bretton Woods...whereas Obama is trying to completely “go it alone” on Keynesian fiscal and monetary policy...while at the same time, he doesn’t want to protect our flanks militarily should it blow up in our face and incite agression.
Carry a big stick if you’re gonna go it alone and act like the rugged individual of the G20.
People have been enjoying the benifets of big mac sawdust burgers for some time.
“Lovin it!”
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