"What is it that makes Keynesians so insanely self destructive? Is it their
mindless blind faith in the power of government? Their unfortunate ignorance of
the mechanics of monetary stimulus? Their pompous self-righteousness derived
from years of intellectual idiocy? Actually, I suspect all of these factors
play a role. Needless to say, many of them truly believe that the strategy of
fiat injection is viable, even though years of application have proven
absolutely fruitless. Anyone with any sense would begin to question what kind
of madness it takes to pursue or champion the mindset of the private Federal
Reserve bank…
Quantitative easing has shown itself to be impotent in the improvement of
America’s economic situation. Despite four years of free reign in central
banking, employment remains dismal in the U.S., the housing market continues its
freefall, and, our national debt swirls like a vortex at the heart of the
Bermuda Triangle. Despite this abject failure of Keynesian theory, the Federal
Reserve is attempting once again to convince you, the happy-go-lucky American
citizen, that somehow, this time around, everything will be “different”.
Sadly, as I discussed in August of this year, not only has the Fed announced
a new and UNLIMITED round of stimulus measures, but the European Central Bank
has also devised its own bond buying free for all:
http://www.alt-market.com/articles/954-has-the-perfect-moment-to-kill-the-dollar-arrived
I predicted simultaneous QE programs by the two central banks because it made
perfect sense, at least, for those with diabolical intentions. With engineered
currency devaluation in full swing in the EU and the U.S., the implosion of both
currencies, especially the dollar, will be masked. That is to say, the dollar
index is measured in large part by comparison to the relative strength of the
Euro. If the Euro falls through overt printing, the dollar will appear stronger
than it really is, duping the general public and giving bankers more time to
inflate..."
at http://www.zerohedge.com/news/guest-post-get-ready-epic-fiat-currency-avalanche
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