By Robert Fitzwilson
"Since our Federal Reserve is the central bank for the world, any program that involves spending more money, over-and-above savings and taxes around the world, is quantitative easing. This is the case, whether or not it is seen as our Fed taking the lead or Europe dealing with their own problems. It is the same checkbook and the same printing press. We have long since passed the nice and orderly process of easing, and are now engaged in what I would call ‘quantitative spewing.’
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