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.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.