Thursday, 4 November 2010

QUANTITATIVE EASING

Today the USA has announced that it is going to pump another $600B into the system, commonly known as quantitative easing. That's the equivalent of burning $1M a every single day since the time of Attila the Hun in the 5th Century. This is to be added to the $1.75 trillion that has already been printed. These are huge numbers. Two words come to mind. Bloody hell. Literally.

And here we have councils adhering to government directives to reduce spending by cutting road repairs and shutting down child care facilities. Two thoughts come to mine. The American Tea Party Movement and Parkinson's Law. Help! We need to sort these bastards out now before they reach the tipping point of no return.

8 comments:

slommler said...

I think we are too late!!! Ack!!!
Hugs
SueAnn

Eva Gallant said...

Member of the Coffee Party, here. Tea is just not my cup of tea.

Sandi McBride said...

Where's a good time machine when one's needed?
hugs
Sandi

Strawberry Jam Anne said...

Where will it all end I wonder.

Retiredandcrazy said...

Surely there must still be hope SueAnn.

Retiredandcrazy said...

Very good Eva. I swing towards coffee too!

Retiredandcrazy said...

Ah, but Sandi would you go back in time or forward in time? This is the question.

Retiredandcrazy said...

Anne, as my mother used to say "there'll be tears before bedtime".