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08-27-2012, 10:39 PM #1
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Rick Santelli- Liquidity And More Central Bank 'Counterfeiting' Quantitative Easing
Santelli On Liquidity And More Central Bank 'Counterfeiting'
Submitted by Tyler Durden on 08/27/2012 13:55 -0400
Quantitative Easing
Rick Santelli
In a little under two-and-a-half minutes, CNBC's Rick Santelli surveys the landscape of just what exactly is Quantitative Easing, why more debt does not solve the problem of too much debt, and why these actions (as even Frau Merkel has ascribed concern) are nothing but counterfeiting. He rhetorically questions how the printing of more money is the way to solve our 'problems', adding via Rick Rule, that "there's been no shortage of cash in the system; but one wonders [given] this economy seems based on liquidity, whether building an economy on what is, in fact, counterfeiting is very good for the economy in the long term?"
Video at the link:
Santelli On Liquidity And More Central Bank 'Counterfeiting' | ZeroHedge
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