America Distracted by Cheap Money as World War 3 Looms
BY JERRY ROBINSON
JULY 20, 2013
Bernanke believes that current Fed policy is gradually improving the overall economy. He thinks that by year’s end, the Fed will be able to taper its current QE program. However, since the Fed is one of the main reasons we got into an economic crisis in the first place, we seriously doubt that the central bank can get us out of it.
Bernanke says the tapering of quantitative easing “all depends on the data.”
If the data is the ultimate determining factor for choosing to cut QE, then I believe we will be getting an increase on QE.
This economy is sick. It is a paper economy. Everything in this paper-based economy is based upon faith… that is, the full faith and credit of the federal government. We put faith in the idea that the government and the Fed will keep the value of the dollar high by keeping it in short supply.
But what is a dollar really worth? Does it have any intrinsic value? I am holding a piece of silver in my hand and it feels so good. Silver is real money and has been used as money for ages. In fact, silver is the same word as Money in the Hebrew language!