Quantitative Easing Propaganda From the Bank Of England

   I happened to come across the Bank of England's (BOE) website yesterday and saw an interesting article titled "Quantitative Easing: Putting more money into the economy to boost spending." I am always fascinated by how much contempt central banks have for the general public. They talk to us like children in an Orwellian police state. The purpose of the BOE's article is to convince the British public that inflation is a good thing. If the public wants a strong economy they should also want inflation. Of course to the rational person, inflation is a great evil and represents an illegal confiscation of purchasing power. It has ruined the middles class in western economies because wages never keep up with inflation, which results in a decrease in the standard of living. But lets see the Bank of England's propaganda in action:

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Quantitative Easing Propaganda From the Bank Of England

The Federal Reserve's Plan To Destroy the Dollar

   From time to time I visit the various Federal Reserve Bank websites to see what the Fed and their staff are up to. Well, today I went to the St. Louis Fed's website where there appeared a notice that they had published their monthly Monetary Trends report. The only reason I was intrigued was because the title was "Quantitative Easing: This wasn't the first time." In the report, the Fed outlines how they successfully debased the purchasing power of the US dollar between 1932-1936 courtesy of money printing and more importantly by gold revaluation. The reason I think this is important is because this is no doubt the Fed's current strategy to "save the economy." They rationalize their actions by arguing that the only way to solve America's debt crisis (real estate, consumer debt, and government debt) is to debase the dollar and cause inflation. Below are a few key excepts from the report.

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The Federal Reserve's Plan To Destroy the Dollar