Posted on 12/13/2012 4:39:54 AM PST by lowbridge
Except I can’t foresee any scenario in which the ChiComs will actually demand repayment. We are their best customer. If they have to stop shipping to Walmart the leadership there will experience the bloodiest revolution in history in relatively short order.
Ditto Saudi Arabia. Bernanke and the Elites know this.
Why hasn’t someone in Congress stood up and offered legislation that cuts Dollar for Dollar the exact amount Beneke prints each month?
Sorry too angry! Make that Bernanke!
More likely they will try to use it as a hammer over our heads if/when they start throwing their weight around their neighbors. If they declare some of the oil rich areas in the South China Sea to be Chinese territory and send in their Navy they will tell us "keep out, this is strictly a Chinese domestic affair." And we will comply to their wishes.
It’s not QE4 — it’s QE Forever, or until unemployment falls below 6.5%, whichever comes first.
With employers about to suffer from a significant decline in the amount of money they will be permitted to keep, thanks to the end of the Bush tax cuts AND the expensive costs of complying with ObamaCare, they will have to let employees go, which will increase the unemployment rate, and 6.5% unemployment will increasingly seem like an impossible dream.
Ben Bernanke seems to believe that if he prints enough money, we can avoid catastrophe. In that case, why doesn’t he advise the Europeans to force Greece out of the euro so it can create its own currency and then print enough of it so that the Europeans won’t have to keep bailing the Greeks out and everything will be wonderful? If Mr. Bernanke believes that, he shouldn’t even be running a little bank in Peoria, let alone the Federal Reserve.
Or maybe Ben Bernanke believes that the U.S. is so superior to other countries it doesn’t have to comply with the iron rules of economics that govern lesser nations like Greece, or Zimbabwe, or Germany under the Weimar Republic. If Mr. Bernanke believes that, he also shouldn’t be running the Federal Reserve, he should be in a mental institution.
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