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Tuesday, May 1, 2012

This Is the First Time In History that All Central Banks Have Printed Money at the Same Time … And They’re Failing Miserably

Banksters Gone Wild! All the central banks of the world's major economies are printing like crazy - the Fed, the Bank of England, the European Central Bank, the Bank of Japan, The Peoples Bank of China, the Reserve Bank of India....
Mainstream Keynesian economists argue that the failure of the European austerity measures to pull Europe out of the doldrums proves that more stimulus is needed, and that austerity is poison at this stage. Indeed, most mainstream economists pretend that debt doesn’t exist … or believe that debt for its own sake is good and necessary.
Even the neocon 'conservative' economists are opining that war has failed to pull us out of the slump.
Conservative economists argue that if war spending could get us out of our slump, it would have done so by now. They also point out that “more empires have fallen because of reckless finances than invasion”.
Read the rest here
Zero Hedge 

Judy Morris,
Blogger, THL
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