How does having another QE tap out the U.S. Taxpayer? The...

  1. 61 Posts.
    How does having another QE tap out the U.S. Taxpayer? The country isn't borrowing any more - they're just running their $100 bill printing machine at Warp Speed 10.
    U.S. Taxpayers are not too unhappy, their economy is not that bad and it's getting better every quarter, there's more employment and in general more money in the system for everyone. I'll concede their national debt is a whole other story, but the country actually makes and builds an awful lot "stuff". They can service their debt.

    People commenting on the supposed disaster that is the Chinese economy forget that it's still a totalitarian state. With a stroke of the pen, they can correct their economy in whatever direction they choose. The fact that this correction may bring misery and the need for personal sacrifice to a few hundred million people is viewed by The Party as simply being inconvenient. They look to the greater good of China and every citizen will be asked to make a sacrifice to that cause.
    Try that trick here in Australia and see what happens! Queensland booted out Campbell Newman for trying to get their budget on an even keel after 6 years of Blow-out-Bligh. Queenslanders did not want to be the slightest bit inconvenienced. No doubt the same plot will be replayed as we elect Bill Shorten and the psycho Greens to run us into ruin next year. It is this possibility that worries me more than any supposed global meltdown.
 
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