Posted on 10/03/2012 6:23:26 AM PDT by blam
No doubt this idiot has some Chicago cronies who are up to the butts in debt and need bail outs with cheap money.
No one from Chicago should ever be allowed near government money.
It occurred to me 4 years ago that the Fed Gov was in desperate need of about 10 Trillion dollars and that everybodies 401K and etc. was in peril (in fact several libtard congresscriminals have raised the topic of “nationalizing the pensions”. Now I realize they have actually raided these things without having to “alarm” folks. They have monetized the debt and are printing like there is no tomorrow. That is why it is a 201K now and headed for 101 K soon. So they have raided those funds.
Show me a Feddie for doubling the QE crap, and I’ll show you someone is a position to take down today’s national economies to smoldering ruins so that a smothering world govt/misery-for-all/socialist state can rise from its ashes.
Cronkite lives.
If I had my way then these Fed presidents along with Ben and a whole lot of big bankers would be asset stripped down to their underwear. They are thieves. And they have pretty much destroyed the united states. That will show in time.
Have they? I mean really? I think our formerly-known 401k's, then 201k's, soon to be 101k's has gone poof, the FED has "taken" none of it, the FED has none of it, the FED has not used it, the govts of the world are still trillions in debt and unfunded liabilities, and we're just closer to economic calamity.
Well the prices of food, gasoline, clothes, shoes, property taxes, movie tickets, parking, bridge tolls, beer & wine, medicine, hospital rooms, aw heck the price of almost everything except labor is going up. But it's not inflation until after the election.
It’s the new normal. Don’t expect it to change if Romney is elected. The alterntives are too politically damaging, and politicians always take the course of least resistance. That’s why Congress is happy to cede monitary policy to the Fed. Doing nothing and letting the Fed handle it lets them avoid making real cuts in spending or default.
Its all about getting Obama re elected
Why the hell can’t I have a million deposited in my account?
We’re witnessing one of the greatest thefts in history. When the money supply is simply expanded on a whim, it cheapens what is already out there. They don’t have to steal anyone’s 401k, because when a loaf of bread costs $53, your retirement nest egg won’t look so hot anymore. A big shell game to conceal the fact that the treasury has been looted several times over.
“Rob from the poor. Give to the rich. It’s the DemocRAT way.”
I think both parties are in bed with each other on this. The only difference...there is no difference they all want us to be serfs. I just prefer the Republican road, more chances to derail the process.
Once a desirable rate of inflation that includes wages and everything is established, the congress will be able to act.
The action will be stabilize the rate. The inflation/devaluation must continue at that painful but acceptable rate until the $$ amount of the debt is reduced to an acceptable level in the new inflated currency.
There can be some growth and revenue enhancing tax measures but the primary function in the debt reduction equation will be inflation.
The current fed action allows the bankers to get upfront earnings to makeup for the coming losses to inflation of outstanding loans and mortgages.
A well regulated inflation including COLA raises and wage adjustments will be tolerated. Retirement accounts in cash will suffer. Investments should be in a diversified portfolio. Betting on American industry will be a long term winning strategy. A little gold and real estate will ride the waves.
The unknown is, can there actually be a well regulated inflation?
Bump so I can find this later. Good post blam. Good comments all.
Do you happen to know what the total supply of USDs in circulation (not just printed, but digital) is? I’m wondering what percentage a trillion new dollars is going to add to the total.
I’ve seen it as “QE4-ever”.
Bernanke has just kicked the can a little further down the road, allowing the central banks to acquire more gold with free money, so that they hold all the “new currency” on the other side.
If you’re aware of this, you can personally plan accordingly, acquiring hard assets and getting out of your soon-to-be-worthless FRN denominated wealth.
I do not know
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