Tuesday, Dec 16, 2008
Monopoly economy - faith in USA has evapourated
Bloomberg.com: Fed Cuts Rate to Zero-0.25%, Will Use All Tools
“The Fed is sending a message that it will print money to an unlimited extent until it starts to see the economy expanding,”
Posted by v stor @ 07:56 PM (520 views) Add Comment
7 Comments
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1. alan said...
“The Fed is sending a message that it will print money to an unlimited extent until it starts to see the economy expanding,” I was quite surprised to see this line in the article. Bloomberg is usually very conservative.
"Well, lets see who can print money fastest" is a comment I've read several times, now.
Anybody have any idea how this all ends up? I keep reading up on the subject and find articles about the German Mark's explosion in the 20's or currently, Zimbabwe. That won't be true of the USA and England, will it?
There must be a fairytale ending...so what is it?
2. mark wadsworth said...
Alan, dinnae ye fret, it only took a dictatorship and a World War to sort out the Weimar Republic.
3. Prudentman said...
So how is this different from what Bob Mugabe's been doing so far ?. I'm sure he'll soon claim that 'he saved the world'
4. sold 2 rent 1 said...
Alan,
"There must be a fairytale ending...so what is it?"
Yep there is. Global Enlightenment - Read Calleman's books
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