And this dear children is why Gold is a massive bargain, and the next bubble.
“The U.S. Government’s monetary policy (dollar value theft), in collusion with the “Federal” Reserve” will, and already is, setting fires of severe inflation worldwide that will, and already is, turning the nations of this world against America. The end of those fires will be warheads on American cities, and, or loss of sovereignty. Great wars have been fought for less.” – Talon
Though it’s not a long read please read slowly and take it all in. From printing 4 trillion in fiat currency to create only 40 billion in economic growth, to empowering 0.2% of banks to control 70% of assets, to the bubble economy I often refer to as Weimar on the Patomac, former Fed T.A.R.P. official confesses the idiocy Obama’s policy
By Andrew Huszar
Nov. 11, 2013 7:00 p.m. ET
I can only say: I’m sorry, America. As a former Federal Reserve official, I was responsible for executing the centerpiece program of the Fed’s first plunge into the bond-buying experiment known as quantitative easing. The central bank continues to spin QE as a tool for helping Main Street. But I’ve come to recognize the program for what it really is: the greatest backdoor Wall Street bailout of all time.
Five years ago this month, on Black Friday, the Fed launched an unprecedented shopping spree. By that point in the financial crisis, Congress had already passed legislation, the Troubled Asset Relief Program, to halt the U.S. banking system’s free fall. Beyond Wall Street, though, the economic pain was still soaring. In the last three months of 2008 alone, almost two million Americans would lose their jobs.
The Fed said it wanted to help—through a new program of massive bond purchases. There were secondary goals, but Chairman Ben Bernanke made clear that the Fed’s central motivation was to “affect credit conditions for households and businesses”: to drive down the cost of credit so that more Americans hurting from the tanking economy could use it to weather the downturn. For this reason, he originally called the initiative “credit easing.”
“The U.S. uses currency manipulation to tax the world in order to buy support at home. Rome taxed the world to buy support at home. Both will have similar ends.” – Talon
“If Congressional Republicans showed half the backbone the George Zimmerman jury showed in the face of intimidation, we wouldn’t be dealing with the pending wreckage of Obamacare.” – Talon
“If ignorance is bliss. then those who believe the claim that the stock market is a good barometer of the economy must be the happiest people on earth….until the Feds stop buying up bonds with fiat currency that is.” – Talon
“For those of you who are still living in denial despite rising interest rates (predictable in the Weimar debt pattern), high TRUE unemployment (see U-6 plus ballooning disability rolls which means no one to pay the bills) and rising inflation (being hidden by govt statisticians and manufacturer product downsizing), coupled with amnesty and the coming Obamacare bomb about to explode in the economy, ask yourself what would happen if your govt defaults on its debt. If you answer yourself honestly you now have an inkling of what is coming, and possibly soon.”
“Alexander Tytler is either laughing that he’s been given credit for the “Tytler Cycle” or crying to see it coming to completion in America” – Talon
Among the myriad of leftist entities who directly suckled from the 2009 Obama crony Stimulus teat program was leftist and racist “reconquista” organization “La Raza.”
What shovel ready “jobs” these anti American Democrat entities across America such as La Raza provided is an “utter” mystery. What is NOT a mystery is who these leftist entities are that pocketed current profits off your future debts.
Below is the link to the federal government’s own “Recipient Project” site where you can search your own area for your friendly neighborhood leftist Stimulus profiteers.