America Is Either Going To Suffer Through A Deflationary Depression Or Hyperinflation
It seems the Fed has given up on the idea that the country can build a viable and stable economy through the conventional means. Instead, our central bank has resorted to once again growing GDP and increasing employment by the creation of asset bubbles. This is a dangerous game that no one, least of all the Fed, knows how to play.
We learned this past Wednesday that the FOMC decided to increase its purchases of longer-dated Treasuries by $600 billion within the next eight months. That means the Fed is on course to fund about 75% of our annual deficit! Such figures are the stock in trade of banana republics. While most of the rest of the world is fighting inflation and strengthening their currencies, we are doing everything in our power to end the dollar's status as the world's reserve.
Read more: http://www.businessinsider.com/america-is-either-going-to-suffer-through-a-deflationary-depression-or-hyperinflation-2010-11#ixzz14vHM6SJ6
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