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Notes from Larry:

I wish to thank those of you who come to this site even though I have been absent for quite some time. This site has a very important purpose. There is much to say and much to hear from all of you.

For those of you who might be wondering about m;y health, I am happy to report that I have fully recovered and am healthier and stronger then I have been in over 20 years. My health was not my reason for my absence. I just needed some time away and appreciate your understanding. I will, however, be back right after the New Year.

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Showing posts with label Quantitative Easing. Show all posts
Showing posts with label Quantitative Easing. Show all posts

November 13, 2010

Barack Obama's Quantitave Easing Explained So Everyone Can Understand It

4 COMMENTS
Quantitative Easing.  What does it mean? 


Most people don't understand it.  It is a fancy term for printing more money - $600 Billion more.  I don't know about you but to me printing more money means what I have will be worth less and what I buy will cost more.  This plan of total transfer of wealth excellerated under the Bush Administration is continuing under the"Change We Can Co9unt ON" Obama Administration.  I guess the slogan is correct, "change we can count...".  All we will have left is the change in our change jars that we will count when we wrap it up to go to the groceryl store.

One of our dedicated volunteers over at our sister site www.GoldmanSachs666.com posted a GREAT, I mean GREAT video explaining Quantitative Easing.  It is in cartoon format and is not only easy to understand, makes the point understood but is also funny.  It is a MUST WATCH for educational and entertainment purposes.  My hat is off to whoever created it and to Joyce for finding it and posting it.


To watch the video...click here