Printing Money....Is this really the solution to the financial and economic problems?
Well, the Central Banks and Government think that is the only solution left. That is somewhat of a concern, isn't it? I do not think the people really think that is a good answer. No one wants hyper inflation; that is just a crazy environment that no one enjoys. It is a wealth destoyer.
I think we and the governments need to be honest. There are no quick fixes. We have over spent; and the debt that has been created needs to be reduced to a more reasonable level. The solution of more spending and more debt does not solve the problem.
The solution of QE or printing money, is not a real solution. It is a fraud; and it it is accepted then, the economy will suffer more.
More on QE -
Desperate times call for desperate measures. As the global “credit crunch” has grown increasingly severe, central bankers are examining the Great Depression of the 1930s for possible parallels that are relevant to today’s situation. Most worrisome, is the synchronized meltdown of the global stock markets, which had wiped-out $32-trillion of wealth, on top of another $10-trillion in losses in real estate.
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