You are cheating
I think prosperity should be directly related to productivity, and of course honesty. Currently the world economy is a house of cards. All new money enters the system through loans. This happens after the government issues a treasury bond and the Fed ‘prints’ a few billion dollars more. The US national debt now exceeds $9.5 trillion. This means that my money is now worth less – prorata – and I should feel cheated. Tax needs to increase too. How else is government going to service its new debt? So I’m being cheated even more. Also because there is now more ‘easy’ money in the system, stocks attain higher prices. The rich are getting richer, but I now pay more per trolley in the supermarket, and have to ask my boss for a raise – that’s if I’m so lucky to have a job. The Fed wasn’t ‘productive’ in its creation of new money. It created fiat money that affects the whole world. The USA is paying for imports with this ‘money’, and even exchanges it for the mineral resources in my country or for oil in the rest of the world. Even Wikipedia calls this a form of embezzlement. Search for “fractional reserve banking”. This whole scenario is a farce, and Bernanke is probably under immense pressure to keep it up. I believe it’s the truth; but I’ve been wrong in the past.
See also http://one-answer.blogspot.com
