Posted on 02/06/2011 6:27:17 PM PST by blam
I am confused I thought China/Russia was our federal government?
The ‘reset’ is fast approaching.
Yes, but that is just another way of saying they’ve printed a lot of money. They print money, and they buy treasuries with it.
And THAT, unlike the slow propagation of freshly printed bank notes through the economy, can occur in a matter of hours.
We are so screwed.
FROM ABOVE :"A bit of recent news that hasn't gotten enough press is the fact that the Federal Reserve has surpassed China in total U.S. Treasury holdings and is now the largest holder of Treasuries in the world. As of last week, China held $896 billion of Treasuries while Japan held $877 billion. The Fed now holds $1.108 trillion and it has not even passed the halfway mark of its second round of money printing, which they call Quantitative Easing."
And the MSM says it's world demand driving up prices. Yep, how is our demand going up with so few new jobs being created?
Pardon my economical ignorance on this topic...but idn't this also known as "pumping the cow"?
Or some similar term for increasing the monetary supply by means other than normal.
The wage setting mechanism in America is too rigid. If gasoline went up to $10 a gallon, how long would it take most HR offices to deal with the demands from frantic workers? MONTHS.
Good. Now’s a good time to end the FED.
Your linked article is full of fallacies. Jason Hommel became a gold and silver dealer in order to get more people into that asset, it’s true, but he holds a large personal position in that asset himself, contrary to one of the opening claims. That anyone trades around a core long position does not refute the fact they think prices will be much higher in the future.
Good grief.
Are you talking about the one in post #2?
I posted that because I do want comments about it.
Everyone on this site has always had good things to say about John Williams and his organization (ShadowStats). I'd like comments about that article. Thanks.
That’s what I’m thinking. NIA says 2015. I don’t see how the Marxists in power can wait that long. They MUST make their move before the next election.
United States Free Enterprise, INC.
INVOICE
Capital, Goods and Services stolen and extorted by the Peoples Republic of China
FDI, Intellectual Property, technology, know how . . . . . . . . . . . . . . .$ 2,377,000,000,000.00
Payments received from the Peoples Republic of China . . . . . . . . . . .$ 0,877,000,000,000.00
Amount due . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 1,500,000,000,000.00
Your Treasury certificates are your payment receipts. Thank you.
So, the Fed admits they hold more debt than China. Something just doesn’t add up; The US has 14 trillion of debt. According to this link -
http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt
foreign governments hold about 4.5 trillion. that leaves almost 9 trillion. Who holds that?
We got screwed 98 years ago when the Federal Reserve was "invented."
Not everyone thinks that is a BAD thing.
It's a certain Community Organizer's fondest dream, to be able to destroy the Great Satan.
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