Quantitative Easing
The Quantitative Easing (QE) program that the Fed is engaged in is something every American should understand. Quantitative Easing is a fancy name for creating money with some keystrokes and using it to buy your own debt. It robs anyone that holds dollar denominated debt or cash. It is really a form of taxation that is levied on anyone that holds our debt or cash. That is why other countries that hold our debt have been protesting so loudly. The Fed is taxing the world through QE to finance our run-away government spending. If we continue this program, instead or facing the serious economic hardship of draconian spending cuts, we will instead destroy our own unit of exchange. The implications of destroying the dollar are staggering, even if it occurs at a modest pace. We are a nation drunk on debt and are opting for the blood poisoning instead of the DTs/withdrawal symptoms. http://chum.ly/n/4733f3
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