How much is $40 billion a month? Try $128.20 per US citizen. With my family of three, perhaps the Fed could have the Treasury send a $385.12 check every month instead.
Remember the extension of operation twist? (How can one not giggle?) Current printing amounts to $85 billion a month; perhaps a $1309.41 printing check could be sent to a family of five.
The Bureau of Engraving and Printing puts 640,000 bills on a ‘skid’, equivalent to over 80 semi trailers daily if printed on $1 bills.
The ongoing mortgage backed printing will is larger than the GDP of 42 U.S. states.
QE3 annualized is larger than the nominal GDP of all but 19 nations.
One dollar bills line up end to end from one day of printing will wrap around the equator 32.6 times.
Thus the obsession with the printing.
France’s economic conditions dim; Eurozone core growth in trouble means printing Sober Look.
“We started the money printing in Europe, then the US followed, and today Japan has now joined the counterfeiting spree…So on a worldwide basis we are in the early stages of a global ‘Weimar’ event.” John Embry at King World News.
World Hyperinflatins by Cato at Scribd.
Chris Martenson’s take at Peak Prosperity.
The “Race to Debase” by Jeff Macke.