will gas go up even more, wonderful...Folks, I’ve said this before, and I’ll attempt to explain it again:
1. Inflation is ALREADY HERE, is HERE, and it’s rampant.
eg. the price of a 10 cent candy bar is instead .75 and upward. The price of a .37 gal of gas is instead 2.85 and upward. The price of a new 3000.00 car, move the decimal pt. is instead 30,000.00. The price of a college textbook at 10.00 is instead 50.00 and upward. The price of the above mentioned new car, is what the price of a new house was in the 1960s. And food, canned salmon over 2.00 and how about a can of cat food, just several years ago at .37 now over .50. Remember a trip to the dentist for just a check up and cleaning at 15.00 (I do), last visit just for for a cleaning and check-up 79.00.
2. This 600 billion (think about the de-sentization) that’s SIX HUNDRED B I L L I O N, and what is it?....
3. It’s a PAYOFF to the govt. pension funds of squandered retirements lost in the MBS (and the other junk acronyms) so called “securities” based on NON-PERFORMING fake loans”.
F A K E LOANS BECAUSE THERE IS NO COLLATERAL.
4. This payoff goes back to govt. pensions. It’s another bailout circumventing the Legislative Branch, and of course would never make it through the House Of The People now.
5. These payoffs mean the game of using public govt. retirements by investment so called “banks” (which quickly become “holding companies” remember with no consequences to themselves), goes on... and artificially props up what should have been a free market.
6. This money instead should never be in the hands, ever, of these “HOLDING” companies, (those that attempt to call themselves “banks”)to invest as they may. These funds should be in safe public escrow accounts..NEVER in the hands of ANY private entity.
7. As long as the above paradigm continues will leave an entire group free of any accountability. And will also constantly kick back losses to real U.S. citizens.
8. This time the bailout is less about rising prices ABOVE THE INFLATION ALREADY RAMPANT (#1 above), but about unemployment. Price pressure is equalized by mass layoffs and unemployment. (Notice how there was never any real sustained employment programs implemented by Congress?..and they don’t have a plan now) They are out to save themselves, which is why college grads struggle (and have been bought off from revolt up to age 26), and jobs are scarce. Employment is off-shored, away from govt. regulations, price pressure groups, and liabilities.
I'm looking for real estate!
will gas go up even more, wonderful...Collapse of the dollar coming!
This title is a lie. The Fed is not expanding the money supply by half a trillion in order to boost the economy. They are doing it solely to help finance the federal budget deficit. No one is buying Treasury bonds, and the government needs cash to keep running, so the Fed stepped in and bought those bonds with freshly-issued money. (See: Zimbabwe)
Breaking News: Ben Bernanke Caught Issuing Trillions to NAMBLA! In an unauthorized “Helicopter” quantitative easing action, Ben Bernanke was photographed hovering above NAMBLA Headquarters unloading box after box of $100 bills into the downdraft.
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