It's more like transfering money from the future US
generations to cover the current economic crisis.
The signs are very clear now. The bankers were in cohort to
cheat the ordinary Americans (and the rest of the world) through so
called 'creative financing'.
The worse thing is, the American govt never, ever redresses this
root problem but works in concerted effort with these rogue
bankers maintaining status quo.
This crisis will drag for decades to come. Economists already
predicted mini to mid-size economic bubbles, one after another,
coming the world as result of US quantititive easing.
Starting from what we seeing in China now, an anomaly of
stagflation with food price rising more than 10 %.
The future America will be bleak - more expensive, high
cost, high taxation, low return place to call home.
i am not surprising the next financial crisis will also start
from USA again.
the debt level is already so high, yet instead of austerity
measure like what the europe is tackling, they still QE2. how
long can they keep the party going. god knows!
god blesss america!!