The Power of Perspective - Infinite Liquidity Or Be Damned

If the following quote fails to clear up any doubt about the US's commitment to infinite liquidity as a means of supporting the ‘economic recovery’, you're not reading between the lines. Gold understands this commitment – probably better understood as the lack of acceptable policy choices in handling the debt crisis that hampers real economic growth.

"He realizes now that raising the debt ceiling is so important to the health of this economy and the global economy that it is not a vote that, even when you are protesting an administration's policies, you can play around with."

Headline: WH: Obama regrets vote against raising debt limit

The White House said Monday that President Barack Obama regrets his vote as a senator in 2006 against raising the debt limit — a vote he's now pressuring Congress to take.

Obama "thinks it was a mistake," presidential spokesman Jay Carney told reporters. "He realizes now that raising the debt ceiling is so important to the health of this economy and the global economy that it is not a vote that, even when you are protesting an administration's policies, you can play around with."

Source: news.yahoo.com