CBS World News tonight reported the Federal Reserve will pump $40 billion into the economy each month to stimulate the economy. Chairman Ben Bernanke said his goal is to bring unemployment from the current 8.1% to 7.6% by the end of 2013.
This "unprecedented move" means the Federal Reserve can print as much paper money they want for as long as they want. They also say they don't expect any inflation over the next 2 or 3 years.
Other economists are predicting 100% inflation. You cannot print money without anything to back it up. Duh....... Of course, this all makes good headlines. Strangely, the stock market reacted to the news positively. All this bears close scrutiny. The U.S. government is $16 trillion in debt. What else do you want to know?
On another note, the controversial "film" that provoked the murders of Americans by Islamist radicals, is a scam excuse. Yes, it provoked people, but don't you think that the fact that these actions occurred on 9/11 is merely a coincidence? We're at war folks.
Islamist radicals are dangerous and more so with the American mm giving them a platform. It's Iran all over again. Those of us old enoug to remember what happened then know what I'm talking about.
This "unprecedented move" means the Federal Reserve can print as much paper money they want for as long as they want. They also say they don't expect any inflation over the next 2 or 3 years.
Other economists are predicting 100% inflation. You cannot print money without anything to back it up. Duh....... Of course, this all makes good headlines. Strangely, the stock market reacted to the news positively. All this bears close scrutiny. The U.S. government is $16 trillion in debt. What else do you want to know?
On another note, the controversial "film" that provoked the murders of Americans by Islamist radicals, is a scam excuse. Yes, it provoked people, but don't you think that the fact that these actions occurred on 9/11 is merely a coincidence? We're at war folks.
Islamist radicals are dangerous and more so with the American mm giving them a platform. It's Iran all over again. Those of us old enoug to remember what happened then know what I'm talking about.
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