Quantitative Easing

For five years, the United States Federal Reserve had printed up an additional $85 billion dollars of American money EVERY MONTH which it immediately gave to Wall Street and giant Corporations toward trying to stabilize our American Economy. I believe they have been foolish in that course, where a far better course has been available to them.

There are around 75 million families in the U.S. Instead of giving that monthly (new) $85 billion to giant Corporations, which actually have not used it productively, imagine instead that Bernacki chopped up that monthly $85 billion into 75 million equal parts, and he mailed or electronically transferred $1,133 to each and every American family EVERY MONTH FOR THE PAST FIVE YEARS! What would have been the result of this? Many millions of those 75 million families would have SPENT much of that 'monthly windfall' and ALL American businesses would have had financial prosperity!

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This presentation was first placed on the Internet in January 2013.

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Carl W. Johnson, Theoretical Physicist, Physics Degree from Univ of Chicago