Quantitative Easing 2: US economy continues to sink (03Nov10)

[sevenstarstyle]

Phelps has dimentia and needs a full time Nurse.

[nyruby]

@TheRaawan It's not as easy as that...The bigger picture isn't tearing down America it's breaking down the U.S. to get the power of the whole world. U.S has too much influence and to take away power of the most influential country in the world leaves the door open for banksters and that my friend is not going to be a good thing for any of us...This has been planned out very well and you see the US as an enemy when you should realize you yourself will soon be in the same boat

[nyruby]

lol at the guy looking back as if someone had the answer behind him hahaha

[nyruby]

lol cmonpeeps so true pass one to me

[orthotox]

Last ditch attempt to hobble China concocted by the impotent trustless Americans, like a jealous eunuch trying to crap on its virile rival. My how the mighty have fallen! From Fed teat to deadbeat in one big leap of bad faith. Oh...

Yer gonna pay,Yank, cuz yer the No.1 debtor,

Yer goin' down, Yank, and the sooner the better!

[kysmik]

ITS OFFICIALLY THE BEGINNING OF THE END

In plain terms, this is the beginning of the end. When an entire country's economy is based on imaginary math, accounting gimmicks, and ideas that don't even make sense on paper ( let alone in reality ) you know THAT economy will collapse.

Phoenix Capital Research.

[kysmik]

The entire world has now daringly embarked on the most doomed from the beginning voyage of the H.F.R.B.S. Q.E. The inevitable collision with an iceberg of reality and common sense IS inevitable. In the meantime, as nothing else can really be done, is to sit back and listen to the wonderful music and watch as the deck chairs are rearranged ever faster by those who delude themselves there are lifeboats available for them somewhere on deck. Sean Corrigan, zero hedge dot com.

[richiesherman]

Why do you think we're desperately currying favour with the Indians to encourage growth there. We want them to compete against China.

[richiesherman]

Paul Mason: "an act of cold economic war on some of the exporters who export to America." Yes, exactly.

[QAIZRANI]

The US dollar is FINISHED

[travel1949]

the FEDS WILL take us into a depression that will make the old one look like a cake walk.....STOP QE2...IT WILL NOT WORK

[aquaboy26]

The problem is, the fuck'n retarded ass U.S economy is based on DEBT, not savings. Our politicians are absolutely insane thinking devaluing our savings will help get the ball rolling again. Insane.

[coltrane1966]

What kind of a world would it be if all you needed to have such things as cars, food, clothes, televisions, aircraft and education was ink and a piece of paper?

Are printing machines divine machines?

I thought money was only a representation of wealth not wealth itself, but what do I know?

[Kalyfatic]

I like how QE "makes the brain hurt" and that it's very "complicated". Classic snobbery, you're too stupid to bother with this stuff so close your eyes and trust us politicians. Pretty simple - if you print money you'll end up like Germany in the 30s - a loaf of bread will cost $1000. Once that happens, your savings are wiped out and you're under their control. Of course the economy won't improve one bit (QE pt 1 case in point) and the taxpayer will have to pay it back, so best not spend it!

[TheAtheistworld]

go!

[sinclair61]

The US dollar is FINISHED. I wonder what the F they are going to do......go to war against the whole world perhaps. See if they can plunder a few more trillion in the Middle East or South America perhaps!

[liarpoliticians]

China is getting out of investing in the USA since they decided on QE in the first place. Now the US thinks that with QE2, the Chinese and other countries will invest their money just to see it devalued. What logic all these Keynesian economists have.

The politicians and central should be strung up for doing this to their populations.

Look at Argentina, and Wiemar Germany for what happens with your stupid money printing schemes.

[dikkydoo1]

@liarpoliticians nope you got it ass around, china has only been looking for better investments elsewhere they still are the largest creditor to the USA, QE2 will not induce an Argentinian hyper inflationary situation as the money is not filtering through to the greedy little public. BTW they dont actually print anyhing.

[cheyaura]

What makes me laugh is this lunacy is casuing people to stick their wealth into gold. At the same time Russia is develop mass production techniques of Gold extraction. When hyper-infaltion occurs and the bigwigs are patting themselves on the back for investing in gold, Russia will flood the gold market and drive values down. This is what happens when accountants make business decisions they only consider what they can quantify. Other parameters are ignored.

[BloodguardGorak]

To quote Ludwig Von Mises "Trying to continue to expand credit eventually ends in a hyper-inflationary scenario as it did in Weimar Germany in 1923... " What Mises means is Quantitative easing is gonna fuck you up!

It would be better to join the Euro then have the BoE do QE2.

[dynomyght]

If Bernanke is an expert on the '30s depression then I am the king of the world. Because Bernanke has got the depression so wrong. I recommend that people read America's Great Depression by Murry Rothbard. Brilliant book and explains it in so much detail that you'd become an expert.