(09-18-2013, 09:51 PM)JayRodney Wrote: None of this QE has helped anyone but the banks. The policy is pathetic. If they would have just let the banks fail the economy would be back on track by now.
Amazing to watch them do all the wrong things all the time and refuse to stop even though they know it's not working.
This is correct,,,The Depression of 1920 lasted 18 months,,,cause they let
things fail,,,and no one has ever heard of the Depression of 1920,,,
The Great Depression of 1930 lasted 132 months,,,cause they tried to fix it,,,
everyone has heard of the Great Depression,,,Japan's Recession/Depression
has lasted over ten years by printing up more money,,,delaying the reality,,,
the Great Me is not going to do what is necessary because there is golf to be
played,,,and no hard cuts during my administration,,,five years following Japan's
model,,,so,,,at some point it will be worst,,,if the printed up money was used to
actually build some kinda business structure,,,we might stand a chance,,,
but it is used to only buy votes,,,and keep losers in office,,,at some point in time,,,
this will all become apparent,,,and hind sight will be perfect...