US monetary policy explained
is it any wonder our economy is sh*t? when you factor in all the OTC derivatives that the government now guarantees, less than 1% of the money in the system represents something tangible.
That is a funny video, but the context that you presented here makes me angry as hell.We are in some real trouble here.
So why does Obummer keep Bernanke around?
because Bernanke has delayed the inevitable while Obummer is still in office with his "Quantitative Easing" bull****.
QE is nothing more than WELFARE to the rich.
QE devalues our currency. Everyone loses. But the politicains can spend more funny money. Nice!