pollyannaish Posted November 8, 2010 Share Posted November 8, 2010 Examiner.com:In an article today in the Wall Street Journal by Jon Hilsenrath, the Federal Reserve has announced that they will buy $600 Billion of government bonds over the next eight months in an attempt to drive down interest rates and spur more borrowing and growth. This is a very dangerous and risky move on the part of the Federal Reserve. Everyone must understand exactly what is happening with our country's enormous debt and how printing money to buy up debt will affect every one of us. An interesting, easy to understand video on the left of this page by inflation.us explains how this mechanism works.Video LinkFor a more detailed explanation, an excellent article can be found in The Martenson Report from August 2, 2009, entitled "The Shell Game". Link to comment Share on other sites More sharing options...
pollyannaish Posted November 8, 2010 Author Share Posted November 8, 2010 Crazy conspiracy theories, or coming crisis? (Full disclosure: topic of Glenn Beck's shows this week. I am a huge skeptic, but know very little about debt monetization.) Link to comment Share on other sites More sharing options...
AceRimmer Posted November 8, 2010 Share Posted November 8, 2010 Beck has been mentioning for the past couple of weeks that the Fed is printing out more money, which is what the Weimar Republic did in the late 20's and early 30's before Hitler and the Nazis took over in Germany. I'm not an economist, and I didn't stay at a Holiday Inn Express last night, but the result was hyperinflation that made the Mark worthless. The scary part is that Obambi, Treasury, and the Fed are doing the exact same thing to the Dollar. Link to comment Share on other sites More sharing options...
SrWoodchuck Posted November 8, 2010 Share Posted November 8, 2010 They are saying to China," You don't want to buy anymore of our debt? OK, we'll buy it.....watch this......we'll just print this Trillion dollars, and buy that debt!" Now, we have an extra trillion dollars worth of currency in circulation, backed by nothing except our promise to pay; except as China knows, we don't pay.....we print. As to the question of: "....-what does it mean?" It means $14.00 dollar cans of corn, $17.00 Hershey bars, $40.00 loaves of bread.......coming to you in 2011/2012. When you double the amount of currency in circulation, and your country doesn't make anything; your dollar that was worth 80 cents, is now worth 40 cents. If you think people are going to get equivalent raises to catch up.......have a sip of this $10 kool-aid. Abolish the Fed, prosecute & sentence to hard labor; the buggers that are destroying the US economy from within. Link to comment Share on other sites More sharing options...
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