Bernankes Money Printing Helicopters are Here!

[zengrifter]

Bernankes Money Printing Helicopters are Here!

Economics / Money Supply Nov 30, 2008 - 03:19 PM
By: Mike_Hewitt

The US Federal Reserve is increasing the monetary base at an unprecedented rate in response to the present deflationary asset crunch, following the longest running inflationary boom in the country's history.

Newly printed dollars are being used to replace the capital losses of America's corporations. If it were possible to replace wealth simply by printing money, humanity would have eliminated poverty shortly after discovering the printing press. Instead, it always results in the same fate - destruction of the currency through the process of hyperinflation .
The following chart using data from the Federal Reserve of St. Louis visually reveals just how extreme the latest measures from the US Federal Reserve have impacted the monetary base.

The last three months have seen an increase of $636.7 billion which is equivalent to the increase of the previous eighteen years!

MORE- http://www.marketoracle.co.uk/Article7540.html