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The policy of quantitative easing – otherwise known as “printing” money – is being employed worldwide at a record-breaking pace, signaling to many analysts that the global economy is in freefall.
Central banks are spending $200 billion a month pumping money into their economies, buying bonds as a pace even higher than during the worst of the financial crisis in 2008, reports the digital global business news publication Quartz.
The emergency measure, however, doesn’t seem to be helping, with low growth persisting while interest rates hover near zero.
In the U.S., the Federal Reserve policy of printing money to buy Treasury Department-issued government debt began under President George W. Bush and accelerated under President Obama.
A chart produced by the Federal Reserve Bank of St. Louis shows the adjusted monetary base of the United States rose from $1.772 trillion on Jan. 14, 2009, to $3.996 trillion on March 16, 2016.
as informed people would never have allowed it to get this bad.
And "The love of Money" translates to the love of power, the power over others.
originally posted by: 191stMIDET
The only way to hack it through the # storm that is coming is to lose your fear of discomfort, to lose your fear of pain and suffering and to lose your fear of death. To lose FEAR ITSELF is the way, and the only way. The S#it birds at the top of this global heap of S#it are those that will truly suffer in the end. Do unto others as they would do unto you is the only motto that EVERYONE should adopt, and they should adopt it on the F@%#ing double. The love of money is the root of all evil. FYI I am not a Christian or even religious but, those two lessons from the "good" book are absolutely the truth with a Capitol "T".