Good economic news for Obama? Some conservatives insist it can't possibly be true | |
Anonymous Coward User ID: 25023973 United States 10/05/2012 04:04 PM Report Abusive Post Report Copyright Violation | |
<<FOCUS>> User ID: 660580 United States 10/05/2012 04:09 PM Report Abusive Post Report Copyright Violation | That's because it isn't Economists are coming out of the woodwork saying the numbers don't add up. The Wall Street Journal said to take it with a grain of salt and that's a quote. Sad that Obama is self destructing. Sad for him, great for America. |
Anonymous Coward User ID: 22767916 United States 10/05/2012 04:10 PM Report Abusive Post Report Copyright Violation | |
smilesun (OP) User ID: 25007613 Italy 10/05/2012 04:15 PM Report Abusive Post Report Copyright Violation | Great economic news. Op, you should add a link about QE3. That would be a hoot, wouldn't it? Quoting: Anonymous Coward 25023973 My career in the financial markets began as a so-called "Fed Watcher" in 1979. My job evolved into analyzing Federal Reserve (Fed) actions and what they meant for the money markets and the economy. I was fortunate enough to enjoy some success and was asked on a number of occasions to give speeches on how the Fed operates. One aspect of my standard speech was to explain how money supply is created. I explained that money supply, as defined, consists primarily of credit and not paper money - and that credit creation is the result of private banks making loans. I typically added that, in the US, the government does not increase money supply by engaging in simply printing money or buying debt. That is anathema to central bankers and a policy only for desperate undeveloped countries. Until now. Suddenly, the Federal Reserve Bank of the US is engaging in action I never thought I would see in this country. [link to www.briefing.com] VIRTUALBLOGNEWS [link to virtualblognews.altervista.org] |
smilesun (OP) User ID: 25007613 Italy 10/05/2012 04:29 PM Report Abusive Post Report Copyright Violation | That's because it isn't Quoting: <<FOCUS>> 660580 Economists are coming out of the woodwork saying the numbers don't add up. The Wall Street Journal said to take it with a grain of salt and that's a quote. Sad that Obama is self destructing. Sad for him, great for America. Self-destruct than Obama? Obama and his ilk are determined to force this country down the path of socialism at best and perhaps Marxism at worst? VIRTUALBLOGNEWS [link to virtualblognews.altervista.org] |