GLOBAL ECONOMY

GLOBAL ECONOMY-Obama returns fire after China slams Fed's move

http://www.reuters.com/article/idUSTOE6A706720101108

U.S. President Barack Obama defended the Federal Reserve's policy of printing dollars on Monday after China and Russia stepped up criticism ahead of this week's Group of 20 meeting.

The summit has been overshadowed by disagreements over the U.S. Federal Reserve's quantitative easing (QE) policy under which it will print money to buy $600 billion of government bonds. The move could depress the dollar and cause a destabilising flow of money into emerging economies.

Here's Ron Paul's take on this...

9 Reasons Why Quantitative Easing Is Bad For The U.S. Economy

http://theeconomiccollapseblog.com/archives/9-reasons-why-quantitative-easing-is-bad-for-the-u-s-economy