The discussions already begun on the need to print dollars. In an interview with the Wall Street Journal by three former Fed officials, it was shown that a new Quantitative Easing program would be beneficial if the U.S. inflation starts to go down. And there are many signs of a reduction in the rate of inflation.
The only solution to the crisis: the money printing press
Don Brownstein, the most successful hedge fund manager of an investment fund in 2010, said, in an interview, that the only solution to the crisis, from the housing market to the debt crisis, is the money printing press.
Asked how he sees the solving of the global crisis, the man who has achieved a return on investment of 185% in 2007, said: “It is quite clear. We print more money”.
China has the largest operation printing money in the world. Thus, the Beijing government has hired 30,000 people who will not do anything but print money. If these figures seem surprising, then let’s look a little in the court of the United States.
Last year, one analyst told Bloomberg that the only difference between the U.S. and Greece is the money printing press.
The last money printing program that Americans have had was linked to the TARP program, used save banks at the beginning of the financial crisis.
As the Republicans agree to increase the legal debt ceiling, the Americans will launch another program to print money, known as “Quantitative Easing”, coordinated by the Federal Reserve.
This money will go into use by on operation of buying bonds issued by the American Treasury.
So far, more than from China, the American Treasury has borrowed 1.63 trillion dollars from the Federal Reserve, Ben Bernanke-led institution. Share of debt is 11.3%.
The money from Fed come from such programs called “Quantitative Easing”, which means more money creation (printing money).