What good is quantitative easing? Anyone getting a job? Robust job market? Higher wages?
Anyone getting their annual bonus check for bailing out 'our' financial system in it's hour of need?
Anyone raising their hand out there? I don't think so.
Where is all this newly imagined money going? Main Street? I don't think so.
"HIGHLIGHTS-IMF, World Bank, G20 meetings in Washington"GERMAN FINANCE MINISTER WOLFGANG SCHAEUBLE ON EUROPEAN BANKING UNION:
"The German government is willing to change the treaties: the sooner, the
better."
"The German government is strongly determined to go this way."
"It is also possible to act with limited treaty changes."
"But to think, one should do it the easy way, because it is too difficult,
is the wrong way."
In the US, they do things the 'easy' way...deemed passed, deemed 6 hours is really 24...
Unfortunately, not sure what the change is.
"Stronger demand in Europe is critical to global growth. ... There is a
welcome debate in Europe on how better to support demand through an appropriate
mix of macro tools, recalibrating the pace of fiscal consolidation, reducing
financial fragmentation, and rebalancing."
Fiscal consolidation? PIGGS? Rebalancing?
INDIA FINANCE MINISTER P. CHIDAMBARAM ON EUROPE/RICH WORLDS:
"Unless Europe gets its act together and unless the green shoots that we see
in the U.S. actually flower and become solid plants and unless Japan does the
near impossible task of reflating its economy and having inflation of 2 percent
- unless these major economies show life and growth, how is it that developing
and emerging market economies can achieve high growth?"
CHIDAMBARAM ON QE IN U.S., EUROPE:
"Europe adopted quantitative easing and the U.S. adopted quantitative
easing. We are concerned about what happens if they withdraw from quantitative
easing - that's our present concern."
"Quantitative easing does spur capital outflows out of those countries,
which come as capital inflows into emerging markets like India."
"The question is when the direction turns or changes or reverses, then what
happens? We'll have to be very watchful about that."
Emphasis addedWho is sending all this money to India? Elsewhere? Why isn't it creating jobs in the US?
I think all the money printing is destroying the hopes and dreams of many Americans. I think inflation destroys retirement savings, pensions, etc. Many folks never recovered from the previous collapse of the dollar...
Is the only purpose of QE to make other nations prosper? Destroy Americans?
What's wrong with this picture? Why are they building up nations like India at the expense of the common people of the US?
The elite likely shuffle the money around and get richer and more elite.
What's wrong with this picture?
just my humble opinons