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QE Shell Game

By       Message Stephen Lendman       (Page 1 of 9 pages)     Permalink

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QE Shell Game


It's grand theft by other means.

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by Stephen Lendman

Now you see it. Now you don't. QE III is the Fed's latest scam. A previous article quoted PIMCO's Bill Gross. He called it money printing "till the cows come home."

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Doing it won't resolve festering economic problems. They're getting worse while Bernanke, the ECB, Bank of England, Bank of Japan, Congress, Obama, and like-minded world leaders fiddle.

After crisis conditions erupted in fall 2007, one scam followed another. Occupy Wall Street is right. "Banks got bailed out. We got sold out." It hasn't stopped and won't until either people rebel or the whole house of cards Greenspan/Bernanke built collapses.

Helicopter Ben operates by Abraham Maslow's maxim that "if the only tool you have is a hammer, every problem looks like a nail." 

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Hammering all day won't help. He's buying time. Little else. An eventual day of reckoning looms. The longer it's delayed, the greater the collapse when it comes.

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I was born in 1934, am a retired, progressive small businessman concerned about all the major national and world issues, committed to speak out and write about them.

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