KenJackson
21st April 2015, 06:23 PM
Richard Duncan just solved the debt crisis!
In this video he explains that when newly printed QE dollars from the FED are used to buy bonds from the treasury, the QE has been effectively canceled!
https://www.youtube.com/watch?v=q9IsuKHjHzQ
"This is a once in history opportunity," he says, because globalization is deflationary, which offsets the inflationary force of printing money. So he wants us to print more and more.
Even better, the interest earned by those bonds is given back to the government, which reduces the deficit!
??? Grief! If many in Congress think this way, it's no wonder we're doomed.
In this video he explains that when newly printed QE dollars from the FED are used to buy bonds from the treasury, the QE has been effectively canceled!
https://www.youtube.com/watch?v=q9IsuKHjHzQ
"This is a once in history opportunity," he says, because globalization is deflationary, which offsets the inflationary force of printing money. So he wants us to print more and more.
Even better, the interest earned by those bonds is given back to the government, which reduces the deficit!
??? Grief! If many in Congress think this way, it's no wonder we're doomed.