The unlikely reaction to QE2
Much as the Americans may want to think that the whole world is made up of ignorant fools, and they can keep on printing money on worthless pieces of paper for as much as they like, the Quantitative Easing2 is triggering a reaction from around the world that could lead to a backlash of unimaginable proportion. While MNCs took a whole year to earn a couple of billions, the Fed just printed $600 b for its own use. No need to work or sweat. Step aside hedge funds, loan sharks, pirates, robbers, con men, and bankers. The Fed can make more money and easier than all of you combined. The world is looking at this QE2 in shock and awe. Even Germany, a hardcore ally of the US could not believe it and had come out openly to criticize this move. Unwittingly, the QE2 has aligned the forces of the world against the US, an unpredictable reaction. They are all going to lock out American dollars from their economies, maybe abandoning it. And the consequences of such a world reaction can be deadly for the US. The banana currency is ripening and will soon become thrash. The nightmare is just beginning for the Americans and their evil Empire. Will it disintegrate?