Quantitative easing everybody! For those of you who don't know QE is a method traditionally reserved as a last resort for a failing economy and no wonder why economists think its bad for the economy. In its most basic form QE is printing money backed by nothing, especially since we no longer run on the gold standard. "Money backed nothing other than something else magically created called bonds. "A promise to pay back". The method of QE is causing a serious inflation of the U.S economy which they claim to be a good thing during a recession, claiming it creates jobs. How could that be you ask? A time when unemployment rates are much higher than years past, a time when people can't afford the things they need. Their logic points out that the more money they make allows companies to hire more people. But for those of you in Management of any field lets say manufacturing, know all about the pressure you recieve to run as lean as possible and put the work of 3 on 1 person in the name of production. When they preach they smile and make it all sound good. But all there doing is telling you to drink this and you start to wonder why what you see through the wool just pulled over your eyes is starting to look like Bill Cosby. The worse part of QE is when they have the reserve print. In order to print more they first must purchase bonds. But they dont purchase them from the reserve directly, which they could at a much better price. They buy them from Goldman Sachs, at a much stiffer rate with William Dudley as an intermediary who just so happened to work for Goldman. Which is a clear, & blatant conflict of interest allowing the fed to be front run by who other than Goldman Sachs. Its a sad day we live in people. Some people can't even afford to buy there first home because of a broken credit system where the people who can afford much higher interest rates are favored and given the lowest rates over those who have little to no credit who need it the most. The government is allowed to print and make all the credit they want packaged as something great and exciting when all it does is ripping the fabric apart of what good values, and good people represent. The truth is none of us here are capable of or even willing to stand up against a corrupt system. They will go about there days and continue to work for a living in order to make another man rich, at the same time governments will continue to print dollars we work 8 hours a day to earn in that same 8 hours will print enough to make your paychecks worth nothing . But by promoting awareness the people can rise from the ashes and work together as one and demand change. We have all been pitted against each other as a means of distracting us with irrevalant topics such as sports, and other traditional methods such as using race, or religion preventing people from even talking to let alone working together as a team. Everything is about whose side are you on these days. The ones who fall for it never get the chance to work with other about what matters the most. But whether you are Black, Yellow, White or Brown. No matter where your from we all need to come together and worry about whats important for the people not our goverments. So for those of you who want a change support this post and slap that upvote to bring awareness to anyone and everyone wanting a change. Not just the U.S but the world as a whole because QE is repackaged and sold as something else in other countries everyday. If you don't stand fpr something you'll fall for anything "I am the 1% of the 99%". Who are you?
