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| H/T TO THE PEOPLES CUBE |
JUST THIS PAST WEEK THE FED CHAIRMAN, BEN BERNAKE OK'ed ANOTHER ROUND OF QUANTITATIVE EASING. HE PLEDGED TO PUMP $40 BILLION A MONTH INTO THE ECONOMY. IN DOING THIS HE IS ADMITTING THAT OBAMA'S ECONOMIC POLICES HAVE FAILED. UNFORTUNATELY BERNAKE'S JOB DEPENDS ON OBAMA GETTING RE-ELECTED BECAUSE ROMNEY HAS ALREADY INDICATED HE WILL REPLACE HIM IF ELECTED. PUTTING $40 BILLION A MONTH INTO THE ECONOMY WILL SOLVE NOTHING, BUT COULD IN THE LONG RUN BRING ON MASSIVE INFLATION. THE MORE MONEY IN CIRCULATION THE LESS THE DOLLAR IS WORTH AND THOSE ON FIXED SALARIES OR RETIREES WILL BE HURT.
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