The media is proclaiming the economy is at its strongest since the 90′s. They are claiming we are in a historic boom that is lifting millions’ living standard. Well if the economy is solid, why is 3rd World style Fed chairman Ben Bernanke considering printing more money?
Federal Reserve officials are seriously considering giving the US economy—and especially the housing market—an added jolt with more quantitative easing.
Fed officials are likely to discuss such a move at their Jan. 24-25 meeting, when the central bank will issue its first quarterly forecast on interest rates under the new communication policy.
Two of the new voting members this year on the Federal Open Market Committee, which sets interest-rate policy, have recently suggested they would support more assets purchases.
San Francisco Fed President John Williams said that sustained high levels of unemployment, as forecast by many Fed members, “does make an argument that we should have more stimulus.”
Another new voter, Cleveland Fed President Sandra Pianalto, said in a recent speech that economic models indicate the Fed “should be even more accommodative than it is today.”
Isn’t printing money great! Clearly Ben Bernanke is trying to get Barack Hussein Obama re-elected.
Tags: Ben Bernanke, Federal Reserve
They just don’t know when to quit, do they.
Unless this money gets directly to the average person, (which it won’t) QE is simply prolonging the problem of insolvency. i.e. There are currency wars (as per Jim Rickard’s new book) where each country wants to have the cheapest export currency. That means a race to the bottom as each currency devaluation means loss of purchasing power in that currency. People KNOW how much month is left at the end of their money./