according to Dr. Paul Craig Roberts American economist, you have Less money then 1967 thanks to inflation.
private banks farm out losses to private citizens. QE3 is wealth past on to the elite.
The end of the dollar. The banana republic of America. The economy has been moved off shore.
The Dr. suggest not to believe the American government
Showing posts with label inflation. Show all posts
Showing posts with label inflation. Show all posts
Wednesday, September 26, 2012
Friday, September 14, 2012
“QE3″ another banker bailout in disguise
“QE3″ it is another banker bailout in disguise.
Micheal Snyder writes “The truth is that it isn’t as if banks are hurting for cash to loan out,” “In fact, right now banks are already sitting on $1.6 trillion in excess reserves. Just like with the first two rounds of quantitative easing, a lot of the money from QE3 will likely end up being put on the shelf.”
The gap between rich and poor will only increased.
“I want to be clear — While I think we can make a meaningful and significant contribution to reducing this problem, we can’t solve it. We don’t have tools that are strong enough to solve the unemployment problem,” Ben Bernanke.
Micheal Snyder writes “The truth is that it isn’t as if banks are hurting for cash to loan out,” “In fact, right now banks are already sitting on $1.6 trillion in excess reserves. Just like with the first two rounds of quantitative easing, a lot of the money from QE3 will likely end up being put on the shelf.”
The gap between rich and poor will only increased.
“I want to be clear — While I think we can make a meaningful and significant contribution to reducing this problem, we can’t solve it. We don’t have tools that are strong enough to solve the unemployment problem,” Ben Bernanke.
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