Diane Swonk on QE2: ‘The Fed Doesn’t Have Any Other Alternative’

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Those are some very comforting words aren’t they?  I think I mentioned sometime last week that QE2 was a ‘Hail Mary’ pass by the Fed. Looks like the American people were right again.

‘Better to try QE2 and fail then not trying anything at all’

Maybe dismantling the Federal Reserve Mafia and their extortion arm, the IRS might actually be a better idea for getting the economy moving.  The ponzi scheme of selling bonds to pay off bonds is getting very old, and whether the economy gets a hard knock from changing the system back to a stable backed currency or the Fed crashes the economy from all their electronic fiat money, the change is coming.

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