Tuesday, March 15, 2011

The Economic Disaster That Could Have Been Averted

"The irresponsible fluctuation by the Federal Reserve of their monetary policy, that started in the winter of 2004, has led us to continuous Quantitative Easing, or in other words the devaluation of our currency and others around the world. Due to their lack of knowledge and understanding of our world economy and the monster they created, many will die and feel the hardships connected to this deleveraging process. If restraint was exercised at the beginning of this period much of this could have been averted." - Nicholas Contompasis

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