Doesn't the Wiki definition of Quantitative Easing inspire confidence?
Quantitative easing (QE) is an unconventional monetary policy used by some central banks to stimulate their economy when conventional monetary policy has become ineffective.
The central bank buys government bonds and other financial assets with newly created money in order to increase the money supply and the excess reserves of the banking system. This action raises the prices of the financial assets bought, which lowers their yield (as long as the yield is above zero).[1]
Wonderful. The World's 'gold' standard turning to shit. And it will be happening sooner, not later. We believe inflation will be hitting hard within 6 mo. The problem is our government are crooks. Both party's share equal blame. Robbing the tax payers. Oh that's right, Obama inherited this fiscal crisis? Gimme a break. Reagan inherited a bucket of shit, and turned it around almost overnight by slashing taxes, shrinking government and helping the private sector. For all of you reading from other country's, pray for us, pray that Obama is a one term president.
QE explained:
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