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ON THE FINANCIAL FRONT, QUANTITATIVE EASING (QE2) IS COMING TO AN END ON JUNE 30TH. MANY ARE WONDERING WHAT THIS WILL BODE FOR OUR ECONOMY. WHEN 40% OF THE BUDGET IS PAID FOR BY BORROWING AND SINCE THE FED WAS BUYING UNITED STATES TREASURY OBLIGATIONS TO PROVIDE THE FUNDS, AND APPARENTLY WILL NO LONGER, WHERE WILL THE MONEY NOW COME FROM? HOLD ON TO YOUR WALLETS AND PURSES!
WE ARE GOING TO ONCE AGAIN TALK ABOUT THE FEDERAL RESERVE AND, IN THIS REGARD, LOOK AT ITS' BALANCE SHEET. I BELIEVE IT WAS AL SMITH WHO SAID 'TO UNDERSTAND GOVERNMENT IS TO KNOW ITS' FINANCES'. WELL, IT'S TIME TO DO JUST THAT. WE NEED TO FOLLOW THE MONEY!
WE WILL ALSO DISCUSS ANY MORE NEWS COMING OUT OF GREECE AND THE OTHER EUROZONE COUNTRIES.
FINALLY, AN AUDIO WILL BE PLAYED OF SOME WISE WORDS FROM AN AMERICAN AS WE CELEBRATE INDEPENDENCE DAY!
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