Geee Posted June 20, 2011 Share Posted June 20, 2011 American Thinker:If you're not both angry and scared at the world's current situation, you're not paying attention.Rained out from a planned and anticipated golf game is not a good thing. As a result, I find myself confined to the house and computer in a less than jovial mood and decided to list a few problems in the world today. The list grew beyond my intentions.In no particular order, and hardly complete, is the following enumerated list:The Eurozone is imploding and likely will be unable to hold in its present constitution, if at all.Fiat currencies are being debased rapidly in a "beggar thy neighbor" attempt to juice domestic economies. Competitive devaluations provide no advantage when other countries match the debauchery.More money/debt/federal spending is not economic policy if you view same as being able to fix or improve something. Such action is merely political, a form of political propaganda to convince the masses that the economy is improving. Temporarily propping up reported GDP may provide better headlines, but does not create jobs.The purpose of so-called quantitative easing is to shore up bankrupt governments. The action itself is a form of default, albeit in slow motion. Pretending to honor commitments while inflating their value away is a criminal offense, but for government it passes for economic policy. Link to comment Share on other sites More sharing options...
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