[wastoute]

The Fed screwed up when they kept the 0bama economy from face planting to the tune of a $ Trillion a year. One might think that would cause run away inflation but the economy didn’t seem to crater. IMHO, it DID crater but the hole was papered over with Federal Reserve Notes. Ten Trillion of them. Economic theory I do believe requires these notes be sucked back in but now they can’t do so without “revealing the crater”. So the Fed is kind of stuck. Unless there is some kind of economic mystery no one understands. Like, maybe, the economy of the USA can’t be steered with the puny rudder of the Fed because what the Fed sees is just the tip of the global iceberg the USA economy is towing. The 0bama crater may be “behind us” now but a crater that large can probably suck us all in for many years to come. But I know nothing about economics.

[PGalt]

The Fed screwed up when they kept the 0bama economy from face planting to the tune of a $ Trillion a year. One might think that would cause run away inflation but the economy didn’t seem to crater. IMHO, it DID crater but the hole was papered over with Federal Reserve Notes.

What does Barry OZirp say? We are still paying for the

Worst

President

Ever

9 trillion 300 billion added to debt. (from 10T to 19T)