Posts Tagged ‘QE3’

QE3 Announced

Posted by Troy on 13th September 2012 in Current Events

“And we will keep printing money until the economy is roaring again!”  Yeaaaaaaa!!!!

Well, I guess it’s official.  Obama will do anything to be re-elected.  They are going to start buying debt and keep buying debt until unemployment falls, which of course, probably wont’ work.  It will also weaken our dollar tremendously and hurt the value of our debt.  We’re gonna have to pay a lot higher interest rates in the future to trick China into giving us more money.

So the stock price jumps.  Great.  Of course, we have already tripled the money supply.  Inflation’s on the way, and there’s nothing that can be done to stop it since we’ve decided to triple down on a tactic which didn’t work the first two times.

Long Live the Constitution!