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Isn't this why there is no QE3?
Printing more money is ineffective. The
only way out is credit deleveraging
BIGTIME, which is now in-progress . . .
and the pain that goes with it.
Errol
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Your right errol,but you have to realize we are to far
past being able to do that.
The social fabric would come completely unglued as
everything became bankrupt and the living standards
where cut in half.
One simple standard of living is meat.
Imagine 90% of the popular never being able to afford
meat.
And don't pay attention to what he says,watch what
he does.
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This popped up at zero hedge,i love it.
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/06/Pavlovian%20Markets.jpg
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