Helicopter Ben Bernanke, Am I the only one who is crazy?

Federal Reserve Chairman Helicopter Ben Bernanke is flooding the markets with money via QE1, QE2 and Operation Twist and who knows what else to get ultra-low or non-existent interest rates.

Correct me if I am wrong but didn’t Japan do that and what did they get but 15 year of low or no economic growth and a mountain of government debt. Like the Stimulus, it appears that the learning curve is too much.

So what do we get? People who saved money and contributed capital during a lifetime of hard work see the earnings plummet. for example, savings that 4 years ago netted $800/month now nets about $175/month. This is money that could be spent in the economy. In addition the governments is losing the tax revenues that these savings throw off.

Government keeps piling on debt because the current carrying costs are low.

We get much less innovation and productive ideas as the amount of money that one needs to make is so low to pay back the debt. Where in the past we got railroads, autos, and computer, today we get marginal productive ideas such a Facebook and FarmVille.

BREAKING NEWS: Tom gives love to Ben Bernanke and lowers the interest rates in TomVille.


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