Not sure if you guys have heard, but Bernake has approved another round of quantitative easing (QE3).
Yet again the government is bailing out the banks. For the third time in the past 5 years, the money you and I work hard for everyday is essentially being stolen from us and given to the banks. So how long will it be until they realize that it isn't working and that artificially 'stimulating' the economy will never work? It's time to let the markets function the way they are supposed to and quit robbing from the middle class. Let the the markets work the way they are designed to.. yes we will go through a rough patch, but there will be other legitimate banks to step up to the plate. Instead they feel confident in pumping money into corrupt organizations like JPMC ad others.
We are now going to pay more for our everyday items once again. So not only will they cost more, but also the taxes we pay on those everyday items will increase as well. FYI, we have all been given a pay decrease, we all earn less buying power than we did last week. All thanks to the mighty federal reserve and our inept president.
Not only that, but signs are pointing to the fact that this round may dwarf previous quantitative easing efforts. http://www.reuters.com/article/2012/09/ ... 3120120914
We are not far from the day when Ben Bernanke will drop money from Helicopters like he said he would.