We hear the term "QE 1," "QE 2," and there are hints that we may see "QE 3." But few know what those terms mean. It's the Federal Reserve's way of increasing the money supply. It means "Quantitative Easing." Which really means they're shrinking our dollar. Every time the Fed prints money it reduces the value of the money you have now.
Insiders in the markets, currency exchanges and the banking industry in general get richer. Unfortunately, this really hurts lower and middle income people who do not take part in the markets. Devaluing the dollar makes the spread between the "haves" and "have nots" even greater and creates even more welfare recipients.
The Federal Reserve stopped reporting the M3 (total dollars in circulation) money supply figure so they could print money without having to report how much they were printing. The Fed is not a government agency. It is a private corporation, not open to audit and has never released information about its inner workings.
Printing money causes inflation. Conspiracy buffs believe this is all part of a master plan to bring Americans' living standard down and third world country's up. The sad truth is that they're probably right!
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