Posted on 11/09/2010 3:18:21 AM PST by markomalley
Russia and China pissed at their worthless US Bonds now. Last sale before Fed is buying went badly. Obama economic polices are being covered up by the Fed.
The way to stop this FED insanity right now is for the newly elected Republican team to declare that once in office, the doors of the FED are to be opened, and their books are going to be examined.
Since in truth, all they are is a mountain of unsupported debt, exposure alone may be enough to kill them. Their credibility, and thus authority, will be shot.
All Bernanke is doing is shuffling paper around. At the end of the day, what’s changed?
The Fed can’t tell us.
” But when the Chinese buy U.S. treasuries, they do so with real money they earned from actually making and selling things. “
!
One wonders what these adolescent punks will do during the lame duck session of Congress.
Just asking.
Does this mean my Nokia stock is going to $1000?
Before this is pinned on the republicans, it was announced the day or two before November 2nd that Bernanke was going to do this. What he did was to time it to mentally relate it to the elections so that in 2012 people (with short memories) would think and believe it was a result of the GOP win.
Conservatives needs to be all over this so the public understands without a doubt who is responsible for the devastation that is sure to come.
Mike
“How is this supposed to stimulate the economy again?”
Back in the 70’s people were spending money sooner than later as, with time, the dollar was worth less. The problem was our spendable take home dollars was NOT keeping up with Inflation.
This redistribution of wealth is outrageous. In the past, conservatives have railed against transfers like welfare to irresponsible single mothers, and rightly so, but welfare mothers not the ones getting these outrageous payments.
======================================
Obama's got Soros and the banksters in control of the US Treasury. Remember that ex-COS Rahm Emanuel---a Wall Street operator---took over the Treasury soon as he got into the WH.
"Professor" Obama surrounded himself with Wall Street shrewdies---Rahmn Emanuel was working for Goldman Sachs AT THE SAME TIME he was in the Clinton admin.
Keep in mind, Wall Street knows how to make money disappear faster than a cream puff at a Weight Watcher weigh-in. Imagine the trillions they salted away...... tick tock, tick tock.....
========================================
Americans are awakening to the fact that gangster govt mishandled trillions in tax dollars.
HOW'D DEY DO DAT? The Madoff MO is the only explanation Ponzi Madoff created a supersecret labyrinth of interrelated international funds, institutions and financial entities of almost unparalleled complexity and breadth......with assets and businesses in multiple places overseas that hid thievery, money launderering and tax evasion.
Who has the power to stop this maniac?
We do.
Good catch, Mark!
Things are pretty bad when novelist Dean Koontz states in a public forum that at least 70 BILLION has been stolen by the Obama administration.
O-N-L-Y $70 Billion (/snix)?
The Ovomiton gangsters looted the Treasury of trillions---under the pretext of "saving" the economy.
The Ovomitons went to work, looting and pillaging, as soon as they hit Washington.
The phony trillions dollar bailout schemes were perfect vehicles for government fraud, kickbacks, money laundering and tax evasion.
Keep in mind---Wall Street operator Rahm Emanuel took over the Treasury first thing, and he put his brother, Dr Zeke, in charge of Medicare/Aid billions and O/Care trillions. The Emanuels are sitting pretty on piles of US tax dollars stashed offshore.
=================================
Ponzi king Madoff must be in awe of the "audacity" of these govt criminals who took a page out of fraudster Bernie's Playbook. Madoff's Ponzi fraud ccentered on a supersecret labyrinth of interrelated international funds, institutions and financial entities of almost unparalleled complexity and breadth......with assets and businesses in multiple places overseas that hid thievery, money launderering, FEC fraud, and tax evasion.
” O-N-L-Y $70 Billion (/snix)?
The Ovomiton gangsters looted the Treasury of trillions-—under the pretext of “saving” the economy. “
I know, but I found it interesting that a novelist believes that the O admin., and his gang “ pocketed” 70 billion offshore. NOW, where will Issa look first? ;-)
Obama and the Forty Thieves make Madoff look like a piker.
Yes. That IS his real middle name.
It's funny though, he doesn't look like a ......Skier.
Oops. wait a sec. That'd be Slalom.
Never mind :-)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.