If there’s one thing we’ve learned about central banks in the past few years, it’s that they will print money — and then print some more — as long as they can get away with it. Never mind that all it accomplishes is asset price inflation (including commodities!!). And doesn’t do anything to help the real economy, while impoverishing savers.
The U.S. Federal Reserve, under the leadership of Chairman Ben Bernanke, launched the first round of “quantitative easing” (QE1) in 2008. It totaled $1.7 trillion. QE2 was $600 billion. And any QE3 program could add hundreds of billions of dollars more to the fiat money system.
The Bank of England (BOE) is pursuing the same crazy, misguided strategy. It spent 200 billion pounds ($313 billion) as part of its own QE1 program. And it just lau
Weve been having some conversations here at Talking Cents headquarters about ways to save money around the holidays. The topic turned to gift-giving, so we talked about Yankee Swaps and Secret Santa. Ive written about Yankee Swaps before, but a few of my colleagues are still unclear on exactly how these gift-giving methods are done. Lets go over it one more time