Marc Faber : the Fed can control the quantity of money it drops on the United States , But they do not control where it will flow

Marc Faber : the benefit of expansionary monetary policies has not been felt in the United States

Marc Faber :"....My principal criticism is that the Federal Reserve can drop dollar bills onto the United States from helicopters as Mr Bernanke says - not from helicopters but electronically they can print money. The criticism I have is that Fed can control the quantity of money quantity that it drops onto the United States. But they do not control where it will flow to and this money has flown through the American trade and current account deficit to emerging economies and this has boosted the growth rates in emerging economies and their currencies. So the benefit of expansionary monetary policies has not been felt in the United States, but in emerging economies and that is my main criticism.... "
via economictimes.indiatimes.com 28 Sep, 2010