The FED for Dunnies

Quantitative easing or, in this case, summary understanding

This is the best explanation, by far,  that I've seen in re  what's been going on with the FED, with explanations about what deflation, inflation and Goldman Sachs mean. How to watch it:  Just listen without worrying about not understanding everything.  The end result will be a prefect sense of the problem.  The solution is another problem, but it begins with this.

Some starter comments from FreeRepublic Quantitative easing is a union-hatched scheme to prop up American manufacturers and increase the power base of the unions. They want to drive imports out of the market by debasing the value of the dollar. They could give a damn if that means that our purchasing power is diminished and we compete with the third world for lowest possible wages. As long as the union ranks swell and their power grows, they would be willing to drive the value of the dollar into the toilet. What they don’t see is that this will set off a wave of retaliation around the world as foreign manufacturers refuse to relinquish their hold on American consumer markets. We are about to see a world war over currency devaluation. Hold onto your hat, bad times ahead. posted on Sunday, November 14, 2010 9:28:34 AM by Juan Medén [ Post Reply | Private Reply | To 1 | View Replies] To: Juan Medén We are about to see a world war over currency devaluation. That has happened before, and I pray this is not a repeat. I find no fault with your argument, but I am not yet convinced that it is inevitable. I think Obozo's aim (and that of his handlers) is much larger than that. It is total distruction of the U.S. The unions are only temporary useful idiots. Commies do not build anything; they only steal, destroy and corrupt all that is good, moral or honest. They cannot stay in power any other way. Worst of all they destroy the human will. It is not yet declared, but we are now in Total War.