Wait…didn’t I just ask this question?
Didn’t I just say a couple of days ago that this whole AIG fiasco feels like a “look at the right hand, not the left!” kind of thing?
I usually like it when I’m right. Not today.
Fed launches bold $1.2T effort to revive economy
It’s called quantitative easing. Sounds kinda harmless.
Yesterday, the Federal Reserve started quantitative easing (or, printing money). $1.2 TRILLION dollars of QE is being injected into our economy. Within about 18 hours of this news, gold shot up about $70 dollars in value.
This is on purpose, they are expanding the money supply. Expansion of the money supply = inflation. Basically, we are creating our own money to pay for our own programs. Sound familiar? (Ya okay…that is alarmist, I apologise.)
The more I think about it, ignorance truly is bliss.
