Amen Brother

From Robert Marcin at RealMoneySilver.com:
In my opinion, massive QE doesn't solve the problems of structural unemployment, bad banking collateral, small/mid sized business illiquidity, overconsumption, and an all around screwed up economy. It's that simple.
Easy money helped create or paper over massive economic imbalances. They will not solve them. We have Japan type conditions because of the financial bubbles we promoted for 15 years under Greenspan and Bernanke. The Fed has been "criminally inept" in the process. We always choose inflating our way out of economic difficulties because that seems less painful than clearing the imbalances the right way.
Here's what we need, a richer working/middle class, not a richer corporate/investor class. We need education, jobs, innovation, and reindustrialization. We need less regulation and consumption, and more export production and sustainable employment.
I could not have said it better.

3 comments:

Anonymous said...

i don't know why ya'll still don't get it. QE is to save the fed and their friends, not the economy.

Anonymous said...

It could be that the USA has reached it's saturation point especially when it was the same middle class which was gaming the system for a decade, flipping homes, buying stocks on leverage. The ponzi has finally milked itself.

Anonymous said...

You sound like a Democrat.