Sunday, August 29, 2010

Why Quantitative Easing Sucks

Over the past few years, we have heard that quantitative easing (QE) is the way the economy can be fixed. I keep asking myself the same question, "Why, self, do these 'economists' think this works when it's proven to fail?". Even some of our more prominent CEOs, such as Intel's feel the same.

Well, the reason for this is not due to either constitutional authority nor sound economic doctrine. Its due to external forces. Other nations throughout the world have pushed the US to print money and infuse this into the economy. This is because these other countries, mostly European, did not want their model to look failed. Europeans have had a centralized economy for ever and its a failed model. Their economy has never been as strong as America's and, for lack of better words, they're jealous. Unfortunately, the current administration has the same feeling as Europe. The left in America also feels that we need to be slapped down a few notches.

From this view of America, the left is purposefully destroying our economy. What does this mean for us? At the very least, it means that we will have less impact in the world. Further, we will have less purchasing power as a nation, in many ways because of all of the Keynesian spending. Our national debt now has an anchor of a $500B per year interest payment attached to it. The only way out of this mess, not forgetting that we now have national healthcare along with the $53T in social security and Medicare debt, is to print money. This printing of money will cause massive inflation as central banks around the globe move away from the dollar. The course the left in this country has us on is both purposeful and intended to hurt us as a country. How could this not be treason or at the least meant to "fundamentally transform" America? It is, both.

As America's rulers are preparing more of this QE, we have the choice: Do we continue allowing the Republicans and Democrats to rule over us, or do we take our government back? Consider how the options of taking our country back change if we do run into a hyper-inflationary situation. China will come knocking and taking our land and we will have civil unrest unlike anything ever seen. We need to be prepared to fight for our country and defend it from both the political elite and outside forces. We are already under attack and people just dont see it yet...

0 comments:

Post a Comment