Federal Reserve announces open ended QE III. “Open-ended”, like a “bottomless pit”: the program will “buy bonds until the economy improves.” Well, this crap has given us 3 “summers of non-recovery” already, maybe Helicopter Ben is now trying for a “fall of disaster” or such. Voltaire said “Paper money eventually returns to its intrinsic value-zero.” Zero – in honor of Obama.
Author: Bonfire of the Absurdities
After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.
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