And if so, when will he realize IT'S NOT HELPING THE ECONOMY AT ALL. Maybe he is a student of creating depressions.
QE was not intended to help the economy. That is merely a lie to make people think the FED is trying to help. The reality is QE is to inflate asset prices on bank balance sheets and funnel easy money to banksters. The FED is not a govt. agency, they are a bank, and their only concern is the health of the banking industry. Now I ask you. Has QE helped the banking industry? I would suggest that he is getting the results that he hoped for. As for the rest of us, we get 0% on savings accts. and higher food and gas prices.
My Grammy lived through the Great Depression, and she told and taught me everything she could about makin' do, scrimpin' and savin', reusing items, multi purposing, knowing which wild plants and berries are edible, and a little bit of how to sew.
Your grandma sounds like a smart woman. I fear that fiat currencies may one day become worthless. I was raised to save too and it's disgusting to see people that ruined themselves get off scott free at the people that tried to do things the right way's expense.
I have been sending notes to Fed members explaining how I feel about Ben and QE. You can contact the FRB or you contact some of the members directly. Here are the email id's:
QE encourages debt and more debt and destroys savers who have been receiving 0% on savings for the past 4 years. QE is not a real solution to the real problem of unemployment and it can only create low paying temporary jobs. There is no crisis but QE will create a crisis because people and corporations are accumulating too much debt feeling confident that rates will never go up. I have also included a list of lies and contradictions by Bernanke everytime he speaks.
Thats all he knows and he was hired to avoid a panic into a depression. There is a difference, and they want an unaware public that doesn't know it's in one which is far cheaper and is easier to control. He could'nt start or run a business if his life depends on it, and yet we are supposed to pay close attention to what they say about the jobs market, which is utter and total BS.