Wednesday, September 29, 2010
Monetary Crackheads?
From the UK Telegraph
by Ambrose Evans-Pritchard, Shut Down the Fed (Part II)
I apologise to readers around the world for having defended the emergency stimulus policies of the US Federal Reserve, and for arguing like an imbecile naif that the Fed would not succumb to drug addiction, political abuse, and mad intoxicated debauchery, once it began taking its first shots of quantitative easing.
My pathetic assumption was that Ben Bernanke would deploy further QE only to stave off DEFLATION, not to create INFLATION. If the Federal Open Market Committee cannot see the difference, God help America.
Evans-Prichard’s description of drug addiction, political abuse, and mad intoxicated debauchery is a good description of the current occupant of the White House. The Regime along with it’s Democrat supporters in the House and Senate are adicted to spending money they don’t have. You can truly call it a drug addiction.
This is the reason for the rising Tea Party movement. The kids (Democrats) are out of control and the adults (Tea Party) are speaking up and getting ready to intervean in NOvember.
Only 35 days to go!
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