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America's weak growth is slowing. Europe is in recession. It's deepening. China's heading for a hard landing. So is Japan. India, Brazil, and other strong economies are softening. As Europe and America go, so goes the world. Contagion can't be contained.
Unilateral or coordinated QEs "do little to nothing to stop slowing" economies worldwide. They're heading for "synchronized global recession."
All the money and liquidity in the world can't create jobs, end the housing slump, or stimulate growth by handing it to bankers and other financial interests. All it does is enrich them more at the expense of ordinary people and real economies.
It's not rocket science. Central bankers know it. They're not stupid. They know what's needed to end economic slumps, induce recovery, and reinvigorate growth. Knowing the right thing and doing it are world's apart.
They're beholden to big monied interests. Policies adopted serve them. The world is awash in capital. It's used for the wrong purposes.
America isn't broke. Neither is Europe or Japan. Instead of using their resources responsibly, it going to their top 1%. At the same time, greater force-fed austerity is coming. America named it. It's called the "fiscal cliff."
It's cover for making rich elites richer and poorer ones deeper in the hole. Coordinated central bank money madness is part of the dirty scheme.
As a result, free money goes to banks and other financial interests. Social benefits and disposable income cuts are mandated for everyone else.
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