Wednesday, December 14, 2011
Fed "prints" $29 trillion. Dollar goes up!!
Peter Schiff, where are you?
Jimmy Rogers, are you awake?
Marc Faber, hello??
Laurence Kotlikoff, Ken Rogoff, Standard & Poor's, where have you all gone???
So we now find out, thanks to researchers at the UMKC, that the Fed "printed" over $29 trillion in the past three years (see prior post) and the dollar went...up???
Don't believe me? Have a look see:
So where have all these dollar bears gone? Why isn't anybody calling them out??
Their bogus dogma about "money printing" and "currency debasement" is about as flat as all the flat world theorist claims 500 years ago.
Time to wake up and relegate these clowns to the dustbin of failed economic theories. Time for everyone to get on board with MMT.
Oh yeah, I forgot to mention...Treasuries surged over that course of time!