Written by The U.S. Federal Reserve’s second round of Quantitative Easing stimulus, QE II, has caused vicious un-intended consequences around the world. The 42% rise in the CRB index of food prices has already caused starvation for millions of people, burned down the Middle East, and is increasingly creating havoc in Asia. But QE 2′s most venomous [...]
READ MORE »Posts tagged stimulus
China’s Economic Miracle is Over
China funded the largest economic stimulus programs in world history from July of 2009 through June of 2010. As a percentage comparison to the U.S. stimulus plan; the Chinese spent twice the amount of money in half the time. China focused their stimulus on encouraging production, whereas America’s stimulus went to consumption. It now appears [...]
READ MORE »