Thursday, August 23, 2012

Printy, Printy

Fed joins stimulus party as global trade slumps

"The US Federal Reserve appears poised for a third round of quantitative easing (QE) as soon as early September, joining Europe and China in concerted global stimulus" (I'm sure the UK could print some too)!

Posted by alan @ 11:19 PM (3802 views)
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5 thoughts on “Printy, Printy

  • general congreve says:

    We never stopped printing, September 2011, £75Bn, Feb 2012 £50Bn, May or June (I forget), another £50Bn.

    Same sh1t, different strategy. I say sh1t, but actually I mean absolute brilliance. Keep the presses hot lads, you’re alright by me 🙂

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  • corruption corruption manipulation the same with the new highways idea so the borrowing for highways does not appear as government debt although it is and still will be just given another name to con the public we need the sex pistols back

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  • What’s particularly worrying is the apparent abandonment of any competition to maintain currency values (which would result in governments thinking twice about more printing) – it seems to be a race to the bottom. It can only end badly.

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  • the fed have NEVER stopped the policy of QE, they only called it something else.

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  • general congreve says:

    @3 – That’s what I keep trying to tell everyone. I note over on the forum, many who questioned my arguments in the past are now singing from the same hymn sheet, or at least starting to smell the coffee.

    It should be noted that there is no pain free way out, it’s either default and massive devaluation and loss of wealth (perceived wealth), or default via the printing press and a more gradual devaluation that takes us to the same end game, but probably with worse long term consequences. They’re trying the latter, but I reckon at some stage the former will strike out of the blue anyway.

    Those that point to inflation, well reported inflation, being quite mild, really need to take into consideration the very real possibility of rapid currency collapse – effectively overnight devaluation. There won’t necessarily be time to move your wealth to a safer place, just ask the Icelanders. After a 66% devaluation and 4 years of inflation they currently only have about a fifth of the value in the savings and earnings that they did in 2008 and house prices there have only fallen by 10% since then too!!!

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