Former Fed Reserve official sorry about Quantitative Easing

[breakingcontact]

http://www.cnbc.com/id/101192690

They are 100% playing games with our economy by trying out different monetary policies then just seeing what happens.

 

[dsukid]

It is a little too late for apologizes now I am afraid.

 

[breakingcontact]

They are basically admitting at this point that they dont know how to stop QE. They talk about tapering but they know they are keeping the markets and economy inflated and are terrified to back off. Unfortunately the experiment of QE has become the new normal.

 

[jordanmills]

Lol yep.

Should have signed on with bitcoin, could have recovered some of your value.

 

[Southpaw]

Lol yep.

Should have signed on with bitcoin, could have recovered some of your value.

Just start stocking up on guns, ammo and whiskey. That'll be the new currency after a while.

 

[txbikerman]

Just start stocking up on guns, ammo and whiskey. That'll be the new currency after a while.

+1

 

[dustycorgill]

just start stocking up on guns, ammo and whiskey. That'll be the new currency after a while.

purty much

 

[breakingcontact]

The average man on the street doesnt even know what the fed is doing. What QE or debt monetization even is. But they know the records of each NFL team this year. Distract the people with bread and circuses.

I dont want some SHTF scenario. I want someone to step on the brakes of our runaway car so we can repair what we have. Not have to rebuild it from the rubble.

The markets are setting records and the regular guy watching the news doesnt know why.

The Chinese and Russians have to love watching this happen, us doing this to ourselves. There is no money for wars. No money for Obamacare or subsidies or any other unconstitutional spending. Id love to listen to a room full of a 100 billionaires who are the shot callers and listen to their planned end game.

 

[dustycorgill]

Correect, most do not know what is going on. They are too busy in their little world to pay attention to what is going to end up causing them pain. I call it living in a "right now" world. As long as everything is cool "right now", they dont worry about what else is going on. Heck you cant walk up and get 5 out of ten people to name you the first 5 presidents, the original articles of the Constitution, or even get them to site the Declaration of Independence correctly.

 

[breakingcontact]

I need to remember though...it doesnt take the masses to turn this thing around. The socialists are really over playing their hand and that may wake enough people up.

 

[dustycorgill]

The people are starting to wake up. So sad that it took this long though.

 

[jordanmills]

Just start stocking up on guns, ammo and whiskey. That'll be the new currency after a while.

I always need a little more whiskey, but I made sure to get all those when I got a bunch of bitcoin.

 

[itchin]

Bitcoin huh.