Below is an excerpt from Glenn Beck's Fox News broadcast of Oct. 8.
Earlier in the week, Japan cut interest to almost zero and set up a 5 trillion yen quantitative easing fund. What's that? That's what you do when you want to increase the money supply?printing. The risk there, of course, is hyperinflation.
Here at home, the Federal Reserve in New York and the Federal Reserve in Chicago are begging the Fed to do more stimulus. The New York Fed chair said the current outlook on jobs and inflation is unacceptable. And that means another $1 trillion in stimulus.
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