"How The Federal Reserve is Suppressing a Recovery"

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You know why? Ludwig von Mises explained more than half a century ago:

‘If it were really possible to substitute credit expansion (cheap money) for the accumulation of capital goods by saving, there would not be any poverty in the world.’

Few people understand this. But the Federal Reserves ZIRP and QE policies are not bringing about a recovery. They're not bringing prosperity. They're bringing poverty. They're suppressing...repressing...depressing...a real recovery.

Why? Because a real recovery stifles the aforementioned ‘accumulation of capital good by saving.’ People need to save...and they need to invest in real productive enterprises. Those businesses, factories and enterprises then create real jobs and real wealth...goods...services... stuff.

See how simple this is? You save money. You use it to buy a sawmill or build a software company. You hire people. You cut logs. You produce boards and make a profit. The world is a more prosperous place.

But the Federal Reserve depresses interest rates. Savers get nothing for their efforts. Why bother to save when savings earn such trifling interest? People don’t save...

read more here - http://www.dailyreckoning.com.au/how-the-federal-reserve-is-suppressing-a-recovery/2013/06/03/

Now, they have this massive debt and I'll bet they want 'the more fortunate among us' to 'invest' their retirement plan, involuntarily...just wait and see.

More spending on fraud, waste, abuse, cronyism, nepotism, government employees, and welfare. Nothing for working folks.

just my humble opinions