The Looting Continues

According to the LA Times, the Fed has decided to keep printing money as fast as the presses can run.

<blockquote>
Breaking news
Fed to continue stimulus policies, won’t hike interest rates
Los Angeles Times | June 19, 2013 | 11:15 AM

Federal Reserve policymakers said today that they would continue the central bank’s controversial bond-buying stimulus program and leave short-term interest rates near zero to help boost the economic recovery.

Fed officials, after their two-day meeting, said they had no plans to change the Fed’s monthly purchase of $85 billion of Treasury and mortgage-related bonds. They also upgraded their forecast on the unemployment rate, saying it could fall to as low as 7.2% this year and 6.5% next year. But the Fed downgraded its projections of economic growth this year to no more than 2.6%, from an earlier forecast of as high as 2.8%.

For the latest information go to the LA Times.

Why not?
If they stop now the game is over.

Advertisements

One thought on “The Looting Continues

  1. Game over indeed. Employment rate will fall as more people give up looking for work. Many will even quit work as their hours get cut back due to Obammycare, their costs for “insurance” goes up and up and up… Better off joining the Free Shit Army. If you can’t beat ’em, join ’em?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s