Manufacturing Dead. Print Prosperity! - One Minute Update E006

The Money GPS is the book by David Quintieri.
Free version @ http://themoneygps.com/free

The Money GPS features Bob Chapman, James Turk, and David Morgan.

The first and second round of money printing in the U.S. were largely a failure. Their hope was to have the economy back on track by now and the fact is that it isn't. The official unemployment rate has been above 9% almost entirely since the recession officially ended.

The Vice President of the Fed has just come out and said that a third round may be imminent. Once they print a third round which will have to be above $1 trillion, it will go to support the banking system and not the unemployed.

http://www.bloomberg.com/news/....2011-10-21/fed-s-yel



They have allowed interest rates to fall down to historic lows and still the economy is stalling. All of these crutches are barely keeping the economy alive. With manufacturing barely existing in the West, how ever will we dig ourselves out of this hole? Printing money of course.



Winwood Reade's 1872 volume The Martyrdom of Man, describing the economy of ancient Rome: "By day the Ostia road was crowded with carts and muleteers, carrying to the great city the silks and spices of the East, the marble of Asia Minor, the timber of the Atlas, the grain of Africa and Egypt; and the carts brought nothing out but loads of dung. That was their return cargo."

Sound familiar?