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RELIGION, CURRENT EVENTS, TECHNOLOGY Subscribe to the breaking newsWhat is RSS?
FRONT PAGE  |  9/18/2014
MONDAY, JUN 28, 2010  |  3 comments
Prepare for "monster" money printing by the Federal Reserve
Entitled "Deflation: Making Sure It Doesn’t Happen Here", it is a warfare manual for defeating economic slumps by use of extreme monetary stimulus once interest rates have dropped to zero, and implicitly once governments have spent themselves to near bankruptcy.

The speech is best known for its irreverent one-liner: "The US government has a technology, called a printing press, that allows it to produce as many US dollars as it wishes at essentially no cost."

Andrew Roberts, credit chief at RBS, is advising clients to read the Bernanke text very closely because the Fed is soon going to have to the pull the lever on "monster" quantitative easing (QE)".

We cannot stress enough how strongly we believe that a cliff-edge may be around the corner, for the global banking system (particularly in Europe) and for the global economy. Think the unthinkable," he said in a note to investors. ...


CLICK HERE to Read Entire Article
www.telegraph.co.uk

Response to economic crisis?
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· Page 1 ·  Found: 3 user comment(s)
News Item7/13/10 12:07 AM
Kyle | Northern Utah  Find all comments by Kyle
In 500 years this story will be another paragraph in a book listing the civilizations that failed when they tried fiat money.

Ugh

3

News Item6/29/10 10:33 AM
Cezar | Midwest  Find all comments by Cezar
Fiat funny money.

Money not backed by a physical commodity is fake money.

We want gold and silver backing our currency.

History of Fiat Money

2

News Item6/28/10 3:31 PM
Guinness  Find all comments by Guinness
Guinness wrote:
for the private sector can demonstrably 'print more money' even more voraciously than government!
1
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