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Why QE3? Because Bernanke Says 25 Million Unemployed is a Tragedy

calhar Wrote: Sep 02, 2012 11:00 AM

I don't understand the thinking of these people.Throwing money into a dead economy is about like buying a dead horse with the hopes that it will come alive.Every time they do someone ends up with the money in a short time.It does absolutely nothing for the economy except for a short time.The only thing thats going to solve the problem is full employment and put money in peoples pcket to buy usefull manufactured products.The problem now is to many stngy tightwads,with the attitude I got mine now you get yours.MONEY IS THE ROOT OF ALL EVIL.

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rwright Wrote: Sep 02, 2012 11:09 PM

The LOVE of money is the root of all evil.

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Why QE3? Because Bernanke Says 25 Million Unemployed is a Tragedy

Fed Chairman Ben Bernanke said that the Fed would probably engage in another quantitative ease. This is the third time since 2009 that the Fed has engaged in a radical maneuver to stimulate growth in the economy.

Except it never works. All it does is devalue the money that you have, and artificially inflate the prices of hard assets you own.

Chump reporters yesterday parroted the, “Dow Jones Industrial Average was up on the news yesterday by 90 points.”, without thinking about why. The reality is the Fed is out of bullets and yesterday’s announcement will do nothing...

Related Tags: Tragedy