Telegraph
"America's base money supply – the bedrock of the world's reserve currency – has doubled in little more than two years. Despite consternation among many US voters, and dismay – rapidly turning to anger – across the world, most of America's political elite refuse even to debate QE. Such is the state of democracy in the "land of the free and the home of the brave". And America is not alone. "
1 comment:
US economy is in a deep hole and US shouldn’t dig any more. Reckless money printing known as "Quantitative Easing" and economical stimulus packages introduced in the aftermath of the Credit Crunch, has made very little impact on the growth of US economy. Current US economical growth is not adequate enough to create jobs and to get an economy back on track. Now the banks are under enormous pressure to lend more money but reckless lending by banks got US into this mess in the first place. The economical problems in Greece, Spain and Italy are very precarious. The bailout phenomenon is not working in Greece which is on the brink of defaulting on its debt. It is impossible for the EU to bailout Italy which is the third largest economy in Europe.
Post a Comment