Federal Reserve Printing Press
Helicopter Ben Bernanke announced today the Federal Reserve Printing Press is going to launch another stall tactic to try and prop up the economy. The way to real growth and a solid economy does not come from artificially inflating the money supply, but actually letting things bottom out. We did not get in the mess overnight and we will not get out overnight.
The reality is that once the Federal Reserve Printing Press spins up overnight than the dollar you have in your wallet right now will be worth less tomorrow. This does almost no one any good unless you are making money off the loans to people that just got more month added when their money runs out.
We talked about it yesterday as package sizes are getting smaller and now Bernanke just maid our wallet get smaller with this plan. I just wish that the Federal government also managed to make the size and taxes smaller, but that never seems to work.
What are you going to invest in today to avoid the Federal Reserve Printing Press from putting a dent in your cash savings? Thanks Bernanke you and you Helicopter ideas have done us enough harm.