Devaluing Our Currency: why you are paying $4.00 for a gallon of gas and $5.00 for a lb. of hamburger!
In trying to explain what the Federal Reserve and Ben Bernanke have been doing to our money I realized that 75% of the citizens of this Republic are uninformed to what Quantitative Easing is, well lets first look at the origins of the words they use to describe their actions. Quantitative: meaning the measuring of an amount, in this case the amount is money. Easing:Â to move, shift, or be moved or be shifted with great care or in this case to move money into the market with a specific goal. read more »
During President Obama’s recent 10-day Asia Fantasia expedition, the leaders of the G-20 seemed to demonstrate a modified version of the Golden Rule: Don’t do unto Obama what he never had the courtesy to do unto you.
Namely, don’t adopt his crackpot ideas on economic policy—pumping billions more in currency into your economies—in the same way he didn’t stop the Federal Reserve from enacting similar measures when the world warned him not to the first year-and-a-half of his presidency.
Also, don’t jump on the Obama bandwagon of loudly scolding China for its currency manipulation, when the U.S. is doing the same or worse via cockamamie quantitative easing and currency devaluation schemes.
You know your president’s “progressive” ideas are behind the times when the Communist Chinese Foreign Minister rebukes him for relying on “outmoded central planning.”
On his mega-expensive trip to India, Indonesia, South Korea, and Japan last week (which didn’t cost $200 million a day, no way!), Obama failed to achieve a free trade agreement with South Korea, which was supposed to be one of the highlights of his trip.
Kind of reminds you of how Obama’s excursions to Copenhagen were supposed to hand Chicago the 2016 Olympics and the U.S. an international climate change summit, and his jaunts to New Jersey, Virginia, and Massachusetts were supposed to produce electoral wins for John Corzine, Creigh Deeds, and Martha Coakley. read more »