More money please, Ben
The US is now printing money. The Chinese aren't going to like it.Those who don't think the financial crisis is all that bad have just had a wakeup call. It's bad enough that the world's biggest economy is printing money. Buy cans; hoard gold.
posted by Dr Zen @ 11:15 am
3 Comments:
Yes, the Fed has just shot its last arrow.
Note that Bernanke has mentioned more than once that essentially things can only get worse if we lack the "political will" to make them better, which I read as a clear sign that he's throwing the mess into Obama's lap for the purposes of future blaming.
Reading the first paragraph of the link nearly made me choke while laughing. Everything is in the shitter but the recession will be ending in 2009 unless we lack political will, nevermind that unemployment is still rising. Can he be any more transparent?
Why the Fed is a private enterprise rather than part of the government is something that continues to elude me.
And China? They're asking other countries to pay their carbon debt because they shit into the air making exports. The world will be lucky if China and the US are not at war within the year.
Let us hope that the dark age does not persist too long and that something better rises from the ashes.
The "political will" thing is aimed at the Repuglicunts.
The Fed is a private enterprise for the same reason banks are.
China and the US are very unlikely to be at war any time soon.
Nothing better will be arising from the ashes. Sorry to disappoint.
We'll see. I hope you're correct about China/US even though I doubt it.
As for what may arise from the ashes, that may depend upon how complete the combustion is. And if anyone survives it.
I find myself not needing to care overmuch, if I die tomorrow that'll represent several decades of not having to wipe my arse.
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