In These New Times

A new paradigm for a post-imperial world

Economic green shoots, exit strategy, no QE3 money printing

Posted by seumasach on May 26, 2011

Jim Willie

Market Oracle

26th May, 2011

It is not clear whether the American financial community has the ability to observe and conclude that the US Federal Reserve is adrift and relies upon deception as policy in revealing its directions. Its position is to hold steady, inflate to oblivion, support financial markets in heavy volume secretly, and lie about leaving its trapped policy corner. The USFed is a propaganda machine that deals with ruses as a substitute for transparent policy discussion in the public forum. Two years ago the ruse disseminated widely was the Green Shoots of an economic recovery that had no basis at all.

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