SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 396.28-0.7%4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: ecrire who wrote (27992)6/4/2012 2:07:08 PM
From: GST6 Recommendations  Read Replies (1) of 29622
 
<corporations and individual consumers retrench,curtail spending, pay down debt.Money "printed" is hoarded>

This just underlines the fact that you have entirely missed the point of QE. QE creates fake money to fill a gigantic hole in our economy -- a hole that can only be eliminated by running a combined savings and trade surplus. We have neither -- and we are running out of countries to tap for their trade and savings surpluses. In the absence of these other sources, we fill the gap with fake money. This is not a matter of 'stimulation' -- this is basically the same thing the Madoff and others did -- only they did it on a tiny scale compared to the Fed. The Fed is not stimulating anything -- they are printing money like there like no tomorrow because they have no other way to keep this ponzi scheme going. Like all ponzi schemes, this one will end badly.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext