Wednesday, May 11, 2011

BOE raises rates

Bank of England raises interest rates again. They say it is to crush inflation which is picking up. However, this is not the case here in america. Fact is, Ben Bernanke believe inflation is none. Like was are so sorry. Sadly, he wants to keep doing quantitative easing. What we need to do is stop spending so much money. Citizens, running the printing press is not our answer. Basically banks are sitting on a flood of money bigger than the mississippi river. Inflation is taking over.

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