Sunday, January 15, 2012

How the Game is Played

By Nicholas Contompasis
It's no coincidence that the Federal Reserve this weekend is now calling for another Quantitative Easing (QE-3 1/2 or are we on 4 already?) just after the President's request for an increase of the National Debt by over a trillion dollars.
It's also no coincidence that the EUR vs USD opened lower, touching 1.2632 today.
For all that are not familiar with this valuation, the lower this number goes, the more our country can go into debt without hurting the value of our currency against the now second largest currency, the Euro.
Just imagine if we had our fiscal house in order, how powerful our currency would be. Oil would be around $25 a barrel, Iran and Russia would financially implode and our economy along with jobs would prosper and grow.
See what happens when the books are balanced and you play the game the way it should be played.
This coming from an old accountant who doesn't know what he's talking about, yeah RIGHT!!!

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