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The Fed's Radical QE Policy is on the Chopping Block

- Gary Dorsch - SirChartsAlot

It strikes me as strange that anyone could argue that Wall Street should be left alone when scandal after scandal keeps happening. Wall Street was what brought on the GFC and not one of the culprits who defrauded the rest of the world has ever been brought before the courts. Worse still, having secured bail out money from the US government, Goldman Sachs which claimed that it was on the brink of bankruptcy then paid out several hundred million dollars in bonuses. I cannot accept the free market rhetoric when this type of accommodated corruption occurs. We all need to understand that crooks are crooks whether they are wearing hoodies or business suits.

As far as printing money goes one needs to be careful as money coming from nowhere other than a printing press devalues currency, but perhaps this is what US exporters want. Those who have cash invested will not be too happy about the Fed intervening in this way but given that governments are corrupt worldwide there should be no surprise that the big end of town owns governments of all persuasion and that it normally gets its way. Welcome to life.

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Début de l'article : Politicians running for the US Presidency, and their surrogates, are fond of saying "that this election is the most important of our lifetime." They invoke this cliché so reflexively and so often that it no longer has any meaning.The reason they say this election is so important is because they want listeners to believe, for whatever reason, that it pits two deeply contrasting visions for America against one another, with only one vision capable of winning... Lire la suite

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