What a waste of time and money. There is plenty of money sloshing around the country. The problem is businesses don’t want to spend it given the fiscal and regulatory cliff Obama is determined to drive us off.
Insanity: Doing the same thing again and again and expecting different results. Obviously the Fed hasn’t discovered this yet or they are giving it their all hoping the Food Stamp President gets re-elected and most importantly, they get re-appointed! Bernanke and the rest of the corrupt elite have no chance to continue in power if anyone other than the Food Stamp President is elected.
more “easing?”
Interest rates are nearly at zero already.
How about crediting my bank account $1,000,000? I will use that on stimulus.
So the plan is to put the printing machines into overdrive. Shesh.
“Data reviewed by the Federal Reserve, which did not include the unexpectedly strong July non-farm payrolls report, continued to show anemic growth and poor labor conditions in the U.S.”
Now, why didn’t they review that fine piece of data? Did they pretend they didn’t read or hear the news stories about it?
The experiment has failed. From this point forward, weakening the Dollar by printing worthless paper should be considered TREASON!
Good find of material that can be posted. Thanks.
Folks on fixed incomes might consider saving, becoming more independent with necessities and getting ready for those “haircuts.” Bond investments will eventually be cut, and it’s possible that most others will, too (even government pensioners).
Some of those not on fixed incomes should probably try to learn about and practice doing depression-proof jobs (providing necessities and technical/repair help with necessities like transportation, home utilities, building tech., home security equipment, etc.) besides becoming more independent yourselves. Regard frugality as a science that can always be improved on. Learn all that you can about small agricultural projects. And stay out of debt.
Uncle Sam Needs YOU for a Bailout: 6 Reasons Another Big Banking Crisis Is Coming Our Way !