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September 9th, 2012 at 5:46 am
Die Welt states in its article:
"The dangers of this policy are enormous. At the moment, it's not inflation that is the big problem. Rather, it is the redistribution of wealth from the north to the south in a completely non-transparent way and without political legitimacy. (The money is flowing) from the savers to those who benefit from this irresponsible monetary policy. This is undemocratic and antisocial."
Read more at http://globaleconomicanalysis.blogspot.com/2012/09/no-one-happy-except-stock-market.html#e2wUcbwlMMUHjyGe.99
It may be undemocratic and antisocial but its what has been going on in America for the last 3 years and is ramping up! What a perverted time we live in when the MSM in the US is actually cheering more QE. My ancestors emigrated from Germany over 150 years ago. It is looking like I may have to close that loop.