Posted on 03/20/2009 10:11:56 AM PDT by givemELL
"The fed is planning moves that would more than double its balance-sheet assets by September to $4.5 trillion from $1.9 trillion. Whether expressing approval or concern over the fed’s move, most commentators fail to understand the real magnitude of the projected expansion of the US monetary base because they don’t take into account the amount of dollars circulating abroad......................The fed’s planned balance sheet expansion results in a 15-fold increase in the base money supply.
262 Billion = US monetary base as of September 2008 (minus dollars held abroad) 3,818 Billion = projected US monetary base in September 2009 (minus dollars held abroad)
3,818 Billion / 262 Billion = 15-Fold Increase in US monetary base
This is a staggering devaluation of the US currency! That means for every dollar that existed in America in September 2008, the fed is going to created fourteen more of them! Below is a rough sketch of what this Increase in US monetary base would look like:
>GRAPH<
This 15-Fold Increase will be impossible to reverse
Next September, when the fed realizes it has gone too far and tries to reverse its balance sheet expansion, it will be unable to do so. The realities which will hinder the fed’s control of the money supply are:"
(Excerpt) Read more at marketskeptics.com ...
H Y P E R I N F L A T I O N COMING..........
The ONLY safe investments will be land, property, and HOLDING precious metals like Silver and Platinum.
(Gold is WAY oversold, imho)
Physical Holding, not funds...
On the bright side, passbook savings yields will go up, but it won’t keep pace with Inflation.
This is on purpose. The zero plans to make the dollar worthless so he can “pay off the national debt” with worthless dollars. Never mind that it will take a wheelbarrow full of money to buy a loaf of bread.
There is one place that makes the paper for the currency. Is there a way to check their output and see if it’s either rising or planning a significant increase?
mark
That is exactly why I’ve been thinking about the Soviet Famine so much lately.
I have never been so afraid of the government as I am now.
Whew, I was worried there for a minute.
Because we haven't been paying attention. The elitists in our government have been playing shell games. AIG is a smokescreen. Just a ruse so that no one would notice what they were doing Wednesday afternoon. The government is making things happen so quickly, WE don't have time to digest the news until days after the fact. Guys, Think silver and gold. A silver coin waved in front of a store clerk can get you a loaf of bread quicker than paper, and it is so much cheaper than gold.
That’s not the question, really.
They KNOW it will cause hyperinflation,
and THEY DON’T CARE.
They look forward to the day when whitey has a tire burning around his neck.
And when anyone says anything-”fold”, most likely they are using it wrong.
There’s a big difference between three times and three fold.
Three times, of course, is 3X. Three fold is 8X (2 ^ 3).
Think of it as “folding” a piece of paper. Fold it once, it has two layers, fold it again, 4, again, 8, etc.
We just ordered heirloom seeds today and paid extra to go to the top of the incoming orders.
Best money we’ve ever spent.
They mention that 70% of US currency is circulating abroad - which is true to a point. That number is "PHYSICAL" currency, a.k.a. Federal Reserve Notes.
The article then goes on to state how 70% of the current money in circulation (FRN's AND computer entries) is overseas. This is completely incorrect.
FRN's make up about 3% of the currency in circulation. Of that 3%, 70% of those FRN's are held overseas.
I present all the things he is doing or proposing and her reply is, “I just have faith that none of that will happen.”
See what we are up against
Link doesn’t work....
CA....
Ping for later
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