How America’s Energy Independence Will Affect the Economy—and the Future of the World title Are Americans Still Going to Live Cheaply?
With the federal budget surplus on the horizon, the Federal Reserve’s latest move to pump up the economy is going to be a hit to those of us who have been saving for our retirement.
But this is not just a concern for Americans; it is also going to have an impact on the global economy.
The Federal Reserve is planning to add $1.3 trillion in new money to the economy as a result of the Fed’s “quantitative easing” program.
What exactly that is and how it will affect the global financial system will depend on how much money is pumped into the economy.
How will the Fed use that money?
What will the global markets do with it?
How will it affect our ability to access cheap energy?
The answer to all of these questions and more is a big unknown.
The Fed’s announcement was made in a report titled “The Long-Term Economic Effects of Quantitative Easing.”
The report is a summary of how the Federal reserve will use the money, but the authors are adamant that the Fed will not make any promises about how it plans to spend the new money.
Instead, the report promises to use the new cash to stimulate the economy through a variety of measures, including: More purchases of goods and services;