7
Aug
Another Reason To Own Gold
gold nugget
I believe that the FED will do another Quantitative Easing (printing money in other words) to try to get us out of the second dip. An extra $2T would accomplish the following: 1. underwrite the SEIU via money for govt workers at the State level; 2. devalue the dollar; 3. promote inflation; 4. allow the regime to pay off debts with cheaper dollars. Inflationary dollars will propel the Market and we will have to pay higher taxes for illusionary gains.
Roosevelt and Jimmy Carter were unable to rescue the economy by govt spending. The Obama regime will also fail. We will recapitulate the Jimmy Carter fiasco: stagnation AND inflation = stagflation. The stagnation is already in place. Inflation is yet to start seriously.
