The Fed Creates A New Germany Out Of Thin Air

ImageThe way dollar figures are freely talked about in today’s global marketplace, it is easy to overlook the magnitude of these amounts. After all, it was not all that long ago when a billion dollars was considered a lot of money. Remember the controversial $1.5 billion government bailout of Chrysler back in 1980? Or more recently the contentious $700 billion Troubled Asset Relief Program designed to rescue the U.S. banking system in 2008? In our distorted post-crisis world, trillions are the new billions, and these amounts are now produced and spread about the global financial system by the U.S. Federal Reserve with an alarming nonchalance. The result has been the formation of a monetary goliath that continues to grow by the day. And it seems that this monster is now running increasingly out of the control of its master.

Please click on the link to read more of my article on Seeking Alpha.

This post is for information purposes only. There are risks involved with investing including loss of principal. Gerring Wealth Management (GWM) makes no explicit or implicit guarantee with respect to performance or the outcome of any investment or projections made by GWM. There is no guarantee that the goals of the strategies discussed by GWM will be met.

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