Monday, May 12, 2014

QE3......How Much Is $85,000,000,000?

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Quantitative Easing 3 or QE3 is fully underway and it is currently adding $85,000,000,000 of currency to the markets every single month.  Some economist believe that they won't ever be able to stop QE at this point or their could be a systemic collapse in the economic system.  $85 Billion sounded like a big number so I wanted to see how much it was per citizen of the US.

According to the US Census Bureau there are currently 318,029,061 US Citizens as of 10:00am on May 12, 2014.   

That means that the fed is adding $267.00 per month per person in the US. 

Annually they are adding $3,204 per person in the United States.  

If they continued this for another 5 Years.  They will have added $16,020 per person in the US. 

What's scary about this number is that available jobs and income levels are still trending down while this number is trending up.  This added revenue should cause inflated prices relative to these numbers. 

This is a dangerous combination!

TK

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