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Obama administration monetary policy (view source)
Revision as of 06:19, September 9, 2014
, 06:19, September 9, 2014try at an update. Feel free to improve.
The Obama administration monetary policy is currently a reckless [[monetary policy]] of [[monetizing debt]] at an unprecedented rate which will very likely lead to [[inflation]], [[hyperinflation]], [[stagflation]], or hyper-stagflation. In February of 2010, concerning the [[Obama administration]]'s [[monetary policy]], the world renowned investor Jim Rogers said that the [[European Union]], [[China|Chinese]], and [[Australia|Australian]] central bankers are more competent and honest than the [[Federal Reserve]] and that Federal Reserve Chairman [[Ben Bernanke]] is "throwing gasoline on a fire" via his [[inflation|inflationary]] policies which are debasing the United States dollar.<ref>http://www.youtube.com/watch?v=zzTXaAXusiI</ref>
The current Obama administration monetary policy is to increase the money supply enough to inflate the currency (to about 1.8% per year) and offer very low interest rates resulting in net negative interest rates to bank depositors, but hopefully making the rates attractive to businesses for the purposes of expansion.
At first, the Obama administration monetary policy was the reckless [[monetary policy]] of [[monetizing debt]] at an unprecedented rate which would have very likely led to [[inflation]], [[hyperinflation]], [[stagflation]], or hyper-stagflation. In February of 2010, concerning the [[Obama administration]]'s [[monetary policy]], the world renowned investor Jim Rogers said that the [[European Union]], [[China|Chinese]], and [[Australia|Australian]] central bankers were more competent and honest than the [[Federal Reserve]] and that Federal Reserve Chairman [[Ben Bernanke]] was "throwing gasoline on a fire" via his [[inflation|inflationary]] policies which were debasing the United States dollar.<ref>http://www.youtube.com/watch?v=zzTXaAXusiI</ref>
Instead, the administration has simply incurred $7.2 trillion in new U.S. Government debt (40% of a year's entire produced wealth in the United States in 2014) as of September 2014, prior to the enormous expenses expected from the retirement of the baby boomers, pressuring ''future'' administrations to either monetize the debt or make the politically unattractive choice of directly cutting Social Security or medical benefits to seniors and others.
== Renowned investor and billionaire Jim Rogers' additional commentary on Ben Bernanke ==
== Renowned investor and billionaire Jim Rogers' additional commentary on Ben Bernanke ==