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Andrew26

05/15/13 12:12 PM

#37554 RE: nefariouswu #37553

But it always ends the same way. Politicians always create a bubble, now CBs have been basically turned into a part of political force and it will be even worse. All of the past crashes have origins in green table decisions.
General problem is that politicians are not held accountable and that they think just for their term (usually 4-5 years) so they dont care what comes when they are done. They feed their friends (understand financials) and thats it. There are tons of clear economic studies that prove easily that QEs dont work and are just a bubble creators but politicians are not there to serve people but those who pay them. Its sad but its like that.

Check the wealth transfer since the gold standard has been abandonded. I have always said that central banking with fiat money is the biggest evil since the mankind was born and nothing has showed me otherwise.