The reason I am bringing this piece to your attention is because it not only efficiently describes the failure already embedded in the Fed's actions, but it also subtly describes the state of existence as portrayed in "Atlas Shrugged." The fate of our country is unfolding on a startling parallel path as decribed in Rand's epic treatise:
What the Fed is doing, essentially, is forcing consumers to spend their cash hoardings. Until the economic and financial policies of the government change dramatically, those who are tempted to invest their savings within the United States risk increasing regime uncertainty. So, much of our domestic capital is flowing into hard assets and overseas markets...This will do nothing to help the festering wounds underlying the US economy.I recommend reading Browne's commentary, linked HERE. And then go out and buy as much gold and silver as you can in order to get your paper wealth away from the criminals who are running our country.