“Steady cash infusions by the fed. QE2....maybe QE3 coming soon.”
They will destroy the dollar - and all in the name of power and profits. They care not for us. And guess what, at some point, those who don’t control the markets and the money supply WILL GET destroyed - they will pick off the remaining meat from the middle class carcass.
Time for us to repeal the Federal Reserve Act and take back our money.
Servicing the debt amounts to billions now.
Our economy appears as if it's pulling out of recession slowly, but this is only an illusion.
We do not have enough good paying manufacturing positions to generate adequate tax revenue nor GDP.
Come April QE2 funds will have been depleted to the tune of 600 billion, what's next?
The markets will either begin a downward spiral or the Federal Reserve along with Treasury will approve yet another quantitative easing, pumping billion more into the markets to help keep them afloat.
All the while, inflation continues to rise, interest rates although steady will begin their rise in an attempt to tame inflation......Jimmy Carter all over again.
Regardless of what the republicans espouse, they will eventually have to raise taxes.
Most folks do not understand the difference between the trade deficit, budget deficit, current national debt and total national debt including all entitlement projections.
Upwards of a 100 trillion over the next couple of decades and don't count on China to continue financing our run away government. Contrary, it will be a useful tool to catapult themselves into the number one super power position when time is ripe.
We won't even mention any geopolitical circumstances that could potentially derail any attempt to get all this under control. Example- War in the middle east, choking off oil shipments, causing inflationary pressures via severe energy spikes.......you fill in the blanks.
Current and past members of Congress should be jailed for this monumental financial mismanagement. THIS IS A NATIONAL SECURITY ISSUE. They should be ashamed placing their own quest for power and money before the country of their birth.
Fasten your seat belts, it's gonna be a bumpy night.