The recent money-printing frenzy is just a lame attempt to avoid the inevitable crash.

Jamie Redman –

"NY Fed Pumps $108 Billion into US Economy"

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– Flash Points –

1 – Owing to its excessive money-printing, the US faces economic ruin.
2 – These days, central banks can survive only by printing money.
3 – Kicking the can down the road only exacerbates the problem.

– Synopsis – 

For the past 2 months or so, the US Federal Reserve has been printing billions of dollars and pumping that money into the economy. The objective is apparently to stimulate the economy. But as stated by 2 researchers – Scott Wolla (St. Louis Fed) and Kaitlyn Frerking (University of Missouri) – a more likely outcome will be the “economic ruin” of the US. 

Need a Few Billion? Just Print It 

In layman’s terms, the government issues bonds so that it can borrow more money (say, a few billion dollars’ worth). It then instructs the Fed to purchase those bonds. The Fed simply prints as much money as it needs in order to buy those bonds. Convenient.

Inevitably, that type of policy always leads to economic devastation. As Peter Schiff commented, “We’re going to have a dollar crisis. I think we’re going to have a sovereign debt crisis … this is going to end very poorly.”    _{(Image source)}

Lame Policy

Sven Henrich, of Northmantrader.com, has a similarly alarming outlook. “The global economy is on crutches.”  He added, “the world has $250 trillion of debt. And the only solution is to do more of the same —  Genius.”

Of course, he was being sarcastic. The current money-printing frenzy is not “genius.”  It’s utter stupidity.

– Insight from Outside –

Since the 2008 Great Financial Crisis, not much has changed, and little has improved. Back then, as the economy started to tank, the powers-that-be responded by printing money. Essentially, they kicked the can down the road.  

Kick the Can, to Infinity and Beyond

As they “progressed”  over the following years, they kept on bumping into that can. Each time, they simply kicked it further down the road.

Of course, that did not solve the problems faced in 2008. In fact, it exacerbated them. The debt that had caused the crisis only grew, such that now there’s global debt of $250 trillion. That can never be repaid. So now, the global economy faces a bigger crash and a worse crisis.  

Crippled, Powerless Men Try to Kick $250-T Can

This latest US money-printing fiasco is just another lame attempt to kick the can further … to save the economy from the inevitable crash or even a total collapse.   

Hope We Can Hope For

At the end of the article, the writer Jamie Redman makes the bizarre claim that “Despite the warning signs, left-wing leaders … are advocating the Fed print money.”  Bizarre because, as he points out, “both the left and the right seem to concur”  that the continued money-printing frenzy is acceptable. In fact, QE1, QE2, QE3, and the current QE4 were instigated by overlords other than Bernie Sanders, AOC, Elizabeth Warren, and Andrew Yang.   

The US is in such dire shape that it has virtually no alternative but to print more money. During the aforementioned QE programs, the overlords gave all that money to the top 10%, where it continues to slosh around and distort the economic numbers. None of that money has ever trickled down, and it never will.   

As for those disparaged lefties, at least we can hope that any stimulus from them would be injected into the real economy.   _{(Image source)}