yup, it's a black hole that funnels money from the poor to the rich basically. More specifically it devalues the money of everyone who is holding dollars while the people who own assets stay about the same (value only goes up in fiat currency not real value). This is why i've been buying assets for a while now, those on fixed income, living paycheck to paycheck, and those holding fiat currencies beware.
Recently QE3 was announced, EU bond buying plan announced, Japan increases stimulus fund, UK announces it's own version of QE, and China announced infrastructure stimulus plan. This was all announced in the last couple of months. You've been warned, get your money our of fiat currencies now.
currently playing: Skyward Sword, Mario Sunshine, Xenoblade Chronicles X
