While perusing Zero Hedge today, I came across the
following:
Meanwhile In Sudan... A man
celebrates QE3.
Meanwhile In Lebanon And Tunisia…Celebrations
of QE∞
are now officially sweeping the globe.
These snippets were accompanied by pictures showing
protestors burning American flags, etc.
The posts are typical of Zero Hedge’s often sarcastic style. But then I thought for a moment…there is
nothing sarcastic about these posts. Of course,
the protestors are not burning flags directly because of infinite QE and beyond. But indirectly…?
They are. Central
banking in general, and the Fed in this specific case, makes possible
government growth to an extent not possible under a free market, honest-money
system. Absent the Fed, much of U.S.
history during the last 100 years would be quite different – and certainly the
over-reaching foreign adventures would not have been possible.
Whether these protestors know it or not, they ARE protesting
QE∞. It is the central bank that has
made possible the funding of the interventions that cause many around the world
to have anger toward the United States.
This is the lesson for the Occupy Wall Street crowd. This is where the 99% would do better to
focus their attention. Purposefully or
not, they seem to have discovered this elsewhere in the world.
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