There are some people speaking up but it seems it will be too little too late for average people. Get ready to more for everything you really need to live.
Bachmann: I begged the Fed not to do it
Michele: ‘Does anyone honestly believe adding inflation would be a good thing?’
Bernanke Confirms That The Key Goal Of The Fed, And QE2, Is To Boost Stock Prices
Glenn Beck Explains The Latest Iteration Of Quantitative Easing
Cathy McMorris (R-WA-5) Condemns Bernanke
Those bankers didn’t donate heavily to obama long before he was running for president for nothing.
“algernonpj (He who pays the piper . . .)”
It’s interesting how many forget that the Fed is right out of Marx’s Manifesto:
“The proletariat will use its political supremacy to wrest, by degree, all capital from the bourgeoisie, to centralize all instruments of production in the hands of the state, i.e., of the proletariat organized as the ruling class; and to increase the total productive forces as rapidly as possible.
Of course, in the beginning, this cannot be effected except by means of despotic inroads on the rights of property, and on the conditions of bourgeois production; by means of measures, therefore, which appear economically insufficient and untenable, but which, in the course of the movement, outstrip themselves, necessitate further inroads upon the old social order, and are unavoidable as a means of entirely revolutionizing the mode of production. ... “
Measure No 5 of 10 to achieve the above in advanced nations =
“5. Centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.”
Manifesto of the Communist Party by Karl Marx and Frederick Engels
The cascade effect from this will make the Great Depression look like a cakewalk in our consumer driven service oriented economy.
When dollars are tight who is going to buy ice cream, fancy clothes, nice haircuts, makeup, vacations, and all the other non-essential crap that seems to make up so much of our economy? Most people will not be able to afford such things and these are small businesses that employ our neighbors. Consumer spending is already down before the idea of inflation even creeps onto the tongues of Americans.