JWM – I fully agree with you – I’m not saying that anything the Fed is trying currently or will try in the future will work – history and common sense say that it won’t – bottom line (for me anyway) is that there is no such thing as a free lunch and the Fed’s very existence (along with fiat currency) is based on free-lunch theory
As you mention, the current inflation (monetary debasement) isn’t feeding into wages in America (new jobs or pay raises) – to combat this issue during the 1930s the govt created the WPA and CCC (Works Progress Administration and Civilian Conservation Corp) – these programs were part of the New Deal and essentially handed out printing press money to jobless Americans [as an aside, the Fed was supposedly created in 1913 to prevent the exact boom-bust cycle that the country experienced in the 1920s and 30s]
This time around we have our govt telling us that we are in a “Forever War” and that we face an “Historic” confrontation between good and evil – coincidently, this position allows them to hand out lots of printing press money to otherwise unemployed American defense workers and soldiers – interesting …
I personally believe the US Dollar and the Canadian Dollar are about to be converted into the Amero – this will be done as part of the SPP (Security and Protection Plan) where once again our government is watching out for our best interests (and if you believe that …) – Google on ‘North American Union’ if you don’t know what I’m referring to
The rollout of the Amero could be used to hide the collapse of the US Dollar – I’m not sure what will distract the American consumer from the collapsing housing market – perhaps a terror event (UK this time?) or a war with Iran? – my take on the history of fiat currency systems is that war is a very common part of the end-game strategy – the war distracts the populace from the fleecing that they just took from the bankers – the destruction caused by the war creates lots of opportunity for new building and the financing that goes along with new building (let me say it one more time, read “The Creature from Jekyll Island” and get some insight into the banking system)
Note that the Canadian dollar is approaching par with the US Dollar which will make the introduction of the Amero that much easier (the EU countries struggled with conversion rates before the Euro was rolled out – in general, business people used the conversion as an opportunity to inflate prices because they could blame the inflation on the currency conversion – the consumer got screwed twice – once by the govt playing fiat currency games and destroying the original currency and then again by the inflation created when business people were given the opportunity to inflate prices and hide it behind the currency conversion)
