jeanderson
12-13-2012, 05:55
"The committee remains concerned that, without sufficient policy accommodation, economic growth might not be strong enough to generate sustained improvement in labor market conditions."
...
Bernanke said the new framework was consistent with the earlier calendar guidance, because officials do not expect the jobless rate to reach 6.5 percent until sometime in 2015.
This is just downright stupid. The administration, instead of adopting policies that would encourage and expand business, are just printing money which becomes cheaper by the day. And they want to continue this until 2015 ?!?!?! This cannot continue:
http://i1246.photobucket.com/albums/gg614/photobug410/moneysupply.jpg
This is the real nightmare for our economy. Nobody cares right now, because nothing apparent is wrong. But pumping money like this into our system will only end with one result: Inflation. Really bad inflation. Then interest rates will climb and business will contract even more.
And that, my friends, will be the start of the giant collapse.
Read it all here: http://www.reuters.com/article/2012/12/13/us-usa-fed-idUSBRE8BB08A20121213
...
Bernanke said the new framework was consistent with the earlier calendar guidance, because officials do not expect the jobless rate to reach 6.5 percent until sometime in 2015.
This is just downright stupid. The administration, instead of adopting policies that would encourage and expand business, are just printing money which becomes cheaper by the day. And they want to continue this until 2015 ?!?!?! This cannot continue:
http://i1246.photobucket.com/albums/gg614/photobug410/moneysupply.jpg
This is the real nightmare for our economy. Nobody cares right now, because nothing apparent is wrong. But pumping money like this into our system will only end with one result: Inflation. Really bad inflation. Then interest rates will climb and business will contract even more.
And that, my friends, will be the start of the giant collapse.
Read it all here: http://www.reuters.com/article/2012/12/13/us-usa-fed-idUSBRE8BB08A20121213