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To: TexGrill

Funny Money from the feds!

They ought to use it anyway. By the time Obama gets done it won’t be worth anything. In fact, it’s not worth much now.


2 posted on 08/16/2013 3:08:07 AM PDT by chainsaw ("Two ways to conquer and enslave a nation. One is by the sword. The other is by Obama")
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To: chainsaw

These bills are just chump change for the chimps out there. The real bidness is the $85 Billion Dollars a month the Federal Reserve creates in electronic scrip to buy T-Bills and to dump in the stock market.

If the Fed were to conclusively announce they will stop the dumping of electronic scrip into the stock market (about half of the $85B/month) it would crash substantially. So would the credit rating because of worthless T-bills not being bought.

The government will lie, cheat and steal to fantastic levels to keep the real financial picture of this country from being known. There are trillions upon trillions of liabilities that won’t go away (SS, Medicare, Medicaid, SSI, DI). Couple that with the secret liabilities (actual debt) the Fed is likely carrying with this ‘creation’ of money each month, and you would have a full-blown financial disaster. But....the big But....you’ll not see a comprehensive open audit of the Federal Reserve, at least not during Obama’s tenure.


4 posted on 08/16/2013 3:17:53 AM PDT by Gaffer
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To: chainsaw

Must be a bunch of Affirmative Action hires working for the Fed.


17 posted on 08/16/2013 6:26:11 AM PDT by angcat
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