We've all had the "summer of recovery" as coined by Joe "plugs" Biden.
- That sure went well, didn't it?
Next we'll get the "winter of quantitative easing."
- Let me explain.
With actual 22.5% unemployment (John Williams/Shadowstat) and NOT the 9.5% 'and we're adding jobs' manure being ladld out to us by phoney government numbers, and my personal favorite....there is NO inflation (as figured by the government, again after cooking the numbers and NOT including energy or food)!!
- Have you bought any coffee lately? Food? Then you know the 'inflatin' numbers are as fakey as the 'unemployment' numbers.
Quantitative Easing One did not fix anything, and it did not create any jobs.
Quantitative Easing Two will not fix anything, and it will not create any jobs...but since the FED now is on a mission to create inflation, we'll GET inflation. More than they reckon for, or will know what to do with, but count on government policies creating worse problem than the one they are trying to solve.
QE-2 will give us inflation, which is really swell for the bottom 20% of America who ar already spending more than half of their incme on FOOD and ENERGY (you know, those items that aren't counted in the inflation/CPI numbers), and with a good dose of inflation soon mainstreet Americans will b deciding if they want to heat the house, drive the car, or eat.
A "Winter of QE 2" will be cold, lean, and hungry. I guess if no one can afford gas or food, they won't have the "energy" to march on DC and lynch anyone.
- Until then, however, extended 'vacations' by our political elites outside the country seem to be the order of the day. Hmmmmmmmm...........
Sunday, 7 November 2010
The winter of QE.........from Rico
From Theo Spark at 07:55
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment