Any relation? I read elsewhere on teh interwebs that QE is a culprit for some of the rising food prices ...even extending to some of the tensions in egypt? http://www.globalresearch.ca/index.php?context=va&aid=22907
inflation raises the price of eveerything also the drought made this one of the weakest corn years ever, and pretty much every farm animal eats mostly corn, so crap
Even in a non drought year, turning corn they normally feed to animals into ethanol means less animals can eat. But the lower dollar value does cause other nations (china, arabs) to sell us their stuff for more dollars to make up for the lesser value of them.
Think of quantitative easing like Nigel Tufnel's amplifier. It may say it goes to 11, but it still goes to 10. In other words, you may have $11 in your pocket, but it's really worth $10. And if you only have $10, now it's worth $9.10. The people who suffer are the good actors. The savers and the people without debt.
I don't know....AARP ads saying how the President is basically the savior of the $700+B Medicare overruns that the R's want to start reducing probably make fence-sitting seniors (especially those who don't care about kicking the can down the road) pay attention, and seem like they're pretty effective.
President Obama met with Congressional leaders two weeks ago and was asked about what the replacement of the $716B would be; how he was going to make up for it. He deflected his answer three times. On the fourth time, he answered that they would be taken care of with Obamacare. In other words, the seniors go from Medicare to Medicaid, losing their choices and current level of support. But hey, he cares!
