The first two rounds of Quantitative Easing haven’t done anything to improve the economy, only prolong the pain and agony that so many are now going through. The US economy cannot be doing well if we have this many people in dire straits:
[From More Than 100 Million Americans Are On Welfare – ] There are more Americans dependent on the federal government than ever before in U.S. history. According to the Survey of Income and Program Participation conducted by the U.S. Census, well over 100 million Americans are enrolled in at least one welfare program run by the federal government. Many are enrolled in more than one. That is about a third of the entire population of the country.
Now that QE3 to Infinityhas been announced, we can look forward to an increasingly poor economy. How soon before we see this here in the USA?
[From Will This Happen In America ? Three Tons of Food Looted From Grocery Stores In Spain As Millions Struggle | Pakalert Press – ] Social safety nets across the continent are visibly under stress and breaking down, so much so that unemployed Spaniards have begun raiding supermarkets in order to put food on the table. As recently as last month the people of Cadiz and Sevilla, which have a reported unemployment rate of 32%, joined together to loot local grocery stores of three tons of food – some of which was distributed to local food banks:
If you look at what causes hyperinflation, you’ll see that the Fed and the federal government is doing exactly that. This new round of Quantitative Easing, where they specifically tell us that they will continue printing money until the economy improves or unemployment decreases. This is exactly how you create hyperinflation.
One of the things that we need to plan for is the breakdown of society, especially in urban areas. If you haven’t seen this article already, it’s a good reference on what we can expect to happen more and more: