Ben Bernanke's Stimulus Package- Comments by Bhavikk Shah

Fed to Print $480 BILLION AGAIN!!!
Yesterday, Fed chief Ben Bernanke proved that what many have suspected all along is indeed true: The U.S. Federal Reserve will not patently stop printing money!
Mr. Ben Bernanke announced that the Fed is going to do the same old thing, it’s going to hold interest rates near zero as far as the eye can see... And it’s going to print whopping $40 BILLION (Rs.2,21,680 Cr $/Rs.55.42) new dollars per month in an attempt to stimulate the economy — a whopping $480 billion (Rs.26,60,160 Cr $/Rs.55.42) per year! In short, it’s doing the same things it has done since 2008, but expecting better results: Any way you look at it, that’s THE VERY DEFINITION OF INSANITY! The Fed has ALREADY held interest rates near zero percent for four long years, now. Plus, it has ALREADY created $1.8 trillion out of thin air through QE I and QE II... And it has ALREADY bought hundreds of billions of dollars more worth of long-term Treasuries as part of Operation Twist 1 and 2.

So what’s the result?
NO IMPACT WHATSOEVER ON THE REAL ECONOMY!
Sure — all that free, easy money will temporarily excite the stock markets around the world but despite everything the Fed has done ... the
** Unemployment has stayed over 8 % for 42 straight months ...
** The average family home is STILL falling in value ...
** Profits of many major corporations in US are STILL sinking ...
** The U.S. economic growth is STILL grinding to a near standstill ...
** And now, as America approaches the precipice of its great fiscal cliff, the stock market looks for the entire world as if it’s a massive bubble about to burst!
** Worse is that, the middle class — the very backbone of the U.S. economy — is getting eaten alive:
HOUSEHOLD INCOME IS PLUNGING: The U.S. Census Bureau just reported that real median household income has now fallen for the fourth straight year. Income has fallen so low, in fact, that when you adjust for inflation, the median family has the same income today as it did in 1967 , now that was the 45 long years ago!
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