Click here to enlarge Originally Posted by Sticky Click here to enlarge
I mean we really have been manipulating it only since the FED started.
This version of the Fed is just the latest in several national banks the US has had in its history. Pre-civil war national banks came and went due to political interests and fear of powerful bankers (kind of like now). After the Civil war the national bank was established with the government backing currency. Manipulation happened throughout.

Click here to enlarge Originally Posted by Sticky Click here to enlarge
QE1, QE2, QE3 infinity, bank bailouts on an unprecedented scale, how can you doubt it?
Monetary policy has been around for a long time. Bank bailouts and QE's are not new, but the cutesy names and transparency that let's you know what's happening is what scares people.

Click here to enlarge Originally Posted by Sticky Click here to enlarge
Well why is their economy healthier and growing faster?
Healthier than the US, no. Healthier they they were previously, yes Growing faster because it is an emerging market spread over 1.3 billion people earning $8500/yr vs US at $300 million people $49K/yr. The more they make per capita the slower will be their growth rate.

Click here to enlarge Originally Posted by Sticky Click here to enlarge
They have tried to print their way out.
Japanese currency crisis preceded the Asian currency crisis. Japanese banking credit bubble burst and caused a crash (remember when the Japanese were buying everything in sight?....maybe you don't, you were probably still doing donuts on your big wheel). The economy has been stable, but growth has not returned at the same pre-bubble rate, as it shouldn't.

Click here to enlarge Originally Posted by Sticky Click here to enlarge
Printing money causes inflation and really destroys the currency.
Biggest BS misconception out there. Printing money without demand causes nothing. The lack of perception around the Fed's ability to absorb all this liquidity in the future could cause inflation if demand and wages ramp up too fast. Disinflation possible, but from the low inflation rate currently not devastating (last time in US where you really felt it was end of the 1970's when inflation was over 15%). Deflation not since the 1950's and before that the great depression, but we seem to have dodged that bullet through the current monetary policy.

Click here to enlarge Originally Posted by Sticky Click here to enlarge
blah blah...and Keynes impact on it has been positive you haven't been paying attention to what is going...blah blah
So in your mind what is going on? Whoever taught Keynesian economics to you should have their ass kicked and you should do the kicking. First the theory is principally a fiscal policy theory and not a monetary theory. Second, the theory pays debt when times are good and uses debt when times are bad. When have you ever seen a government body do both?

It amazes me that the "Bush Tax cuts", which were sold as a return to the taxpayer of budget surpluses weren't used to pay down the national debt. Once the market bubble burst, wars were started, unfunded health mandates and the like came along that tax cut made no fcuking further sense. They did not even have the guts to make those tax rates permanent. Hence the political fight every time they are about to expire.

You definitely don't believe everything someone tells you about their 3500 horsepower, 1.5 sec 0-60 bolt on build, why would you believe what someone tells you what you k(no)w about fiscal and monetary policy? You don't have to believe me, but you can look this $#@! up and verify!

All light, no heat.