First, QE2, is the acronym for “quantitative easing redux” this time around, and NOT the abbreviation for the luxury liner Queen Elizabeth II. Remember, Stimulus I was QE1, just so we’re clear. Dontcha love semantics? The art of saying it all yet saying nothing at all? Semantics cannot be underrated for the evil for which they are responsible. Redefining terms, meanings and usages in everyday parlance is a specialty of the left. They also are real good at defining what is or is not acceptable speech to them in their opinion. Anyone ever notice it’s only “hate speech” if it’s a conservative principle? Ever notice how Ed Schultz can claim progressives are for maximum freedom and then beg that laws be passed shutting up conservative opinion? Just asking….
For the unwashed, consult the sources for my many, many meaning of the phrase “quantitative easing.” It’s also called “monetizing the debt” or stimulus. Simply put it’s government printing money to increase cash flow. It failed when Weimar Germany did it. It fails when Zimbabwe does it and it will fail when we do it. Anyone wanna place a bet on the result if we keep it up?
Our government is going against its word. Fed Chair Ben Bernanke swore before Congress there would be none such. Old Ben screwed the pooch, no? The Chinese and South Koreans warned our “mush brained in chief” but he ain’t listening. How fast the mighty fall? From hero and savior of the world to also ran, arrogant, big eared idiot in less than 2 years. What is that saying? “Be careful who you step on on the way up, cause you’ll be seeing them again on your way back down?” Yeah, that’s it! To borrow a line from Jimi Hendrix “Tire tracks all across your back, I can see you’ve had your fun!”
Now our nation has officially embraced the for certain losing strategy of printing money to create cash flow, thus in their obtuse little minds, easing the economic misery. Not so much, as reality demonstrates. I am slayed by the denigrations of lefties attacking the Bush deficits of $350 Billion or so for the last fiscal year of his administration, but are all for the first Obama deficit of $1.3 Trillion and all for the newest deficit of again, $1.3 Trillion. What hypocrites. Any wonder I have little respect for them? It’s one thing to lie through one’s teeth to my face, but it’s all another when they then point their finger and attack me for not finding their lies to be convincing.
Printing money to alleviate debt is a non-starter in all but Keynesian economic circles. Paul Krugman is all for it, but not too awful many non-aligned economists. That should be one’s first clue – when only progressives and Keynesian types think it’s a jolly idea, well, ya know a load of BS is about to be dumped in one’s lap. Remember, progressives favor the destruction of American capitalism, and any effort that furthers that end is fine by them. If this fact is kept at the forefront of one’s mind, little will slip by you. If not, well a diesel freight train could run over one’s toes and they’ll never notice it!
One more time – – – Weimar Germany devalued the Mark so badly that it took a wheel barrel full of bank notes to buy a loaf of bread. It got so bad so fast that Weimar stopped printing new bank notes and instead started affixing stamps to denote the NEW value of a note regardless of what was printed on said bank note. When that proved too costly and when inflation grew faster than the stamps could be printed they moved to using hand stamps like a clerk would. The money was being devalued so fast they had to stamp the new value on the money.
I have heard it said that workers were for a time paid TWICE daily because prices would rise so fast from morning until lunch time that by the end of the day when they would be paid again, the money was so devalued the worker could not purchase the necessities. They were paid at lunchtime and then purchased whatever they could before inflation in the afternoon drove the morning price out of existence. It’s an amazing story, a TRUE ONE and if more folks knew it this crap would not be going on in the US today.
In Zimbabwe, the former Rhodesia, which was a stable and strong nation before the power struggle, has recently seen inflation up to, now get this…NO MISPRINT…According to Wikipedia, “According to Central Statistical Office statistics, annual inflation rate rose to 231 million percent in July 2008. The month-on-month rate rose to 2,600.2%. By December 2008, inflation was estimated at 6.5 quindecillion novemdecillion percent (65 followed by 107 zeros).” Questions? Can one even imagine that “quindecillion novemdecillion” thing?
Clearly if we do not turn back the efforts of the progressives we are going to find ourselves ass deep in a sea of feces, which then begs the age old question I so love to pose to readers: “How long can you tread water (feces)?” Once one answers that question the need to stop this is crystal in clarity, desperate in need, and overwhelming in seriousness. Any dissenters? If we do not drive a stake through the hearts of these progressive blood suckers, it will be the end of all of us. Wooden stakes, anyone? Anyone?
On the plus side though, I believe “quantitative easing” could be a euphemism for sex. How you ask? Simple. Find a gal who has been too long in abstinence and offer to “quantitatively ease” her situation. Careful though…she might quantitatively ease your manhood from you.