Here you see inflation, up close and personal. This is worse than sausage. Sausage, at least, tastes good. This is pure poison.
John F. Kennedy put it this way: "Now that I am a Scout [and therefore must Be Prepared], I have to buy canteens, haversacks, blankets, searchlights, ponchos,..."
That's what it will come to.
Quantitative Easing: Theft!
Temlakos~POTL~PWCM~JLA~☆
2012/09/14 18:45:33
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Ben "Helicopter" Bernanke would have you believe that he's giving away free money! He isn't.
He is taking money from the poor and the middle class, to give to high-flying investors.
Here's how it works:
He creates money out of thin air, to monetize the government's debt.
By buying those bonds, he floods the market with cash. Cash that is worth less.
The total aggregate value has not changed. But the number of dollars that represent that value is going up, and up, and up.
So each dollar is worth less.
So every dollar you hold is worth less than before.
If you doubt me, read the linked article. Follow the link to the price of oil. It skyrocketed after this announcement.
Oil affects everything we make and everything we move. So again, we will pay. And pay. And pay.
So much for concern for the little guy. This is not it.
This is an abuse of eminent domain: taking privately held worth for public use.
And years later, any temporary benefit that investors might gain from this, will vanish. Burn up in a fire of hyperinflation.
In Weimar Germany, you had to wheel a barrow full of Reichsbanknotes to buy a loaf of bread.
Today that bread might not even be on the shelf.
Thank you, Helicopter Ben.
He is taking money from the poor and the middle class, to give to high-flying investors.
Here's how it works:
He creates money out of thin air, to monetize the government's debt.
By buying those bonds, he floods the market with cash. Cash that is worth less.
The total aggregate value has not changed. But the number of dollars that represent that value is going up, and up, and up.
So each dollar is worth less.
So every dollar you hold is worth less than before.
If you doubt me, read the linked article. Follow the link to the price of oil. It skyrocketed after this announcement.
Oil affects everything we make and everything we move. So again, we will pay. And pay. And pay.
So much for concern for the little guy. This is not it.
This is an abuse of eminent domain: taking privately held worth for public use.
And years later, any temporary benefit that investors might gain from this, will vanish. Burn up in a fire of hyperinflation.
In Weimar Germany, you had to wheel a barrow full of Reichsbanknotes to buy a loaf of bread.
Today that bread might not even be on the shelf.
Thank you, Helicopter Ben.
Read More: http://www.conservativenewsandviews.com/2012/09/14...
It used to be that they would kill kings for debasing currency and hang counterfeiters. Now we elect them and allow them to retire on a fat pension.
Now sing to Bye Bye Miss AMERICA Pie...."I met a man who sang the blues,,I asked him for some happy news" " He smiled and turned to me and said,,Son you better buy some gold , silver and LEAD.
preached. No man, woman,or child is entitled to benefit from the fruit of other man's labor--
unless that worker decide to be charitable.
Why do naked Marxist-Leninist politicians like Obama ostensibly take from the middle class to give to the rich and poor? Because they understand the power of a well-placed handout to buy off the people and to further their real socialist agenda-a cycle of dependency on the government from cradle to grave and to diminish the "bourgeoisie". the middle class..Make no mistake..
This Marxist-leninist president is converting America into a socialist nation step by step, the same way Mao Zedong did it on the long March in China.
This president is a revlutionary socialist.
he's a naked Marxist-Leninist.
these things because know what America talking about...
http://www.breitbart.com/Big-...
And will also convince lots of stupid people that Obama is helping the economy.
"Power Corrupts, Absolute Power Absolutely" - Thucydides
Obviously, this isn't the best way to do this. A better way would be to increase federal and state spending on roads, education, and other things that directly inject money into the economy. Heck the Federal government should do things like directly opening manufacturing facilities to make things we currently import. But that doing the right things will never get through the House let alone the Senate. This is the best we can get.
How about the subsidies Bain got or the subsidies the banks got?
Private debt in this country and this world is way up. Unlike government debt it can not be monetized. It either has to be paid or released through bankruptcy or foreclosure. Much of it is probably unpayable.
We know that incomes are down and real incomes are down more. That means less and less demand. Business can not sell it's products. That means high unemployment and eventually deflation to get rid of inventory. That makes private debt and government debt harder to pay off thus reigniting the cycle.
What Bernanke is doing is trying to avoid this cycle. It will likely not be enough as government is cutting back everywhere. This reduction in demand will cause further layoffs, more personal bankruptcies, and more layoffs. We need governments to increase spending to increase demand.
Private business will not do this. Private business needs profits. Profits only come from sales. No sales no production and no hiring. Rich people are not stupid they understand this. You don't hire someone unless you can make money off them or have to, to comply with some business need or regulation.