Quote from intradaybill:
You are comparing different actions with different objectives.
ECB: charter is a zero inflation policy
FED: charter is a balance between inflation and unemployment
basic stuff. As soon as you understand this, then the next step is easier.
EU: a loose monetary union controlled mainly by German oligarchs and a few other oligarchs with main objective to preserve the purchasing power of the rich (hence the ECB charter)
Basic economics: how can you stimulate growth by increasing taxes and cutting spending? No way. EU policies ensure that the lenders will get most of their money back at the expense of the future of the union. The lenders are the Germans. They plan to bail out.
USA and the FED are doing the right thing IMO. When you implement economic policies you have to think of people. Real people with families who are struggling. The European oligarchs do not care, they have proven that throughout history. All they care is to have their vaults full of money. This is one reason people from Europe migrated to America, to escape from the slavery of the rich. A little or more inflation is to the benefit of the poor people. Do not let the propaganda blind you. Inflation transfers wealth from rich to poor, the borrowers. After each inflation cycle, there is a very long growth cycle. Do not listen to these talking heads. Money printing is good, when it is...
