What the hell does Bernanke & Co. mean by "all available tools"?

[richrf]

Quote from saliva:

In a lopsided recession, by which I mean a recession limited to a particular region, countries deflate currencies all the time by artificially inflating prices, namely by printing money. One reason for this is that currency devaluation stimulates export. This is a win-win for both the importing and the exporting countries. But in a GLOBAL recession, when every nation is in dire strait, such an action makes no sense.

BTW when we start printing money en masse, do you think the rest of the world will just sit back and watch? No, they're not stupid. They will also crank up those printing presses to the hilt.

Yep, and currencies all around the world lose value. So who really gets ripped off? Savers, fix income folk, ... despicable. And meanwhile the rich folks, make off with the loot. I say, tax the heck out of them and get the money back.

 

[saliva]

Let's face it. Socialism just got a new facelift. This is the 21st century version, baby! The rich gets a free lunch and everyone else gets screwed. Is this not a great recipe for social unrest? You can call it what you want, I'll just stick with dirty business.