EARL NASH
>>>>> “ It’s news to YOU ! " <<<<<
HAPPY HORSESHIT ECONOMICS
In "Cowboy English" the phrase "quantitative easing" means that the purchasing power of your dollar will go DOWN; you will be paying MORE dollars for the same amount of food and stuff that you buy. It is the same as reducing your salary; unless you get a raise, "quantitative easing" means the bond investors are making MORE profits and you are LOSING and falling further behind.
When you hear some MSM Market Anal-ist say "quantitative easing"--just think "the Fed is printing more copies of paper dollars and my salary will buy less stuff."
You may also hear them say "fiat currency" and that means that your paper money is backed up by NOTHING. Before Richard Nixon took the paper money off the "gold standard," a person could, legally, take his collection paper bills and drive on up to Fort Knox and ask to exchange the pieces of paper for gold.
The "fiat", or decree, part means that you cannot trade your paper for metal anymore; its only value is what somebody will give you for it. Say you could get a pound of X for $5.99 last month. Then the Fed (which is NOT connected to the Federal government, but is a PRIVATE bank that is the ONLY one that can print United States' paper currency) turns the Bernanke Cranky and floods the economy with more paper bills of varying denominations. Pretty soon, that pound of X will cost you $5.49 or $6.99.
See, you're making the same number of dollars each month, but they are buying less stuff.
That is the simple definition of "inflation"--your salary stays the same, but the price of the stuff that you buy goes up.
So, when the voice dummies on MSM cable start chuckling about "old Ben Bernanke cranking up the Fed printing press," say to yourself: "Hey, that's not funny; that pig-fucker Bernanke with the assistance of all the "representatives" in Congress, also pig-fuckers, are lowering my salary, my purchasing power.
'Got ANGER ?'
VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV
