Drew Horn

The Fed Money Machine Gears Up to Print Trillions

It used to be that economists like Ben Bernake counciled that, in a capitalistic economic society, that (business) cycles are normal and necessary to periodically rebalance the system. This remains true but the truth cant make us free of the ignorant people currently in power .

What has happened is that Americans have been sold the idea that they can gratify every hedonistic whim without having to pay the bill. They borrow without any knowlege of or concern for the terms of the loans or much thought about how they will find the money to repay them. The entire finanical /political system has been redesigned to allow Americans to indulge in fantasy.

Now that a few of these problems have been exposed, most of the stake holders, including investors, banks, government, etc are scrambling to save their system that is, in the long run, unsustainable. The people who will pay the highest price to "save" the financial system are those who, paid their bills, and didn't borrow beyond their ability to repay loans and put ny extra money in a bank.

The business cycle has not been repealed. It has been co-opted by a political system only interested in their own short term profit and survival.

If someone leads a revolution to stop this waste of our childrens futures, I will gladly join!