Thursday, June 2, 2011

I Laughed and Then I Cried, Quantitative Easing defined

This Afternoon I checked my email messages. One of them said please tell me if you laugh or cry after watching this video. I both laughed and cried. Why? I laughed because it made a subject that sounds so complex (quantitative easing) so simple (spending a lot of money). I Cried becasue it clearly shows that we are driving down the path of distruction with the pedal to the metal.

I once was told that if you drop a frog in hot water it will jump right out. However, if you put a frog in water and slowly turn up the heat, the frog will sit there until it boils to death becasue it is not aware of the tempreture change. After watching this video, I felt like we were the frog waiting to boil to death.