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To: MindBender26; kabar
Every one of these countries that is pegged to the $US dollar is feeling the effects of Ben's monetary policy (fully backed by his helicopter thesis). The Fed's exercise in printing & debasing the dollar, while causing prices to escalate domestically, is absolutely impoverishing less wealthy/stable nations.

It will be interesting to see whether the debate over increasing the debt ceiling will begin to encompass global strategic considerations. That is, while continued money printing is imperative to keep the US government operating, it's creating massive instability around the world that is now biting us in the ass.

Like many predicted, Ben is caught in a pincer. He's damned if he does, and damned if he doesn't. They tied, oh boy did they try, to kick the can rather than deal banker fraud & abuse. Looks like attempting to paper over criminal behavior, rather than enforce the rule of law, is going to have, shall we say "unexpected consequences".

41 posted on 01/28/2011 3:17:00 PM PST by semantic
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To: semantic

What rule of law? This is America post-2008 - the law only applies to the little people who have no standing.

There is no law. They make it up as they go.


96 posted on 01/28/2011 3:44:40 PM PST by Frantzie (Slaves do not have freedom only the illusion of freedom & their cable TV to drool at)
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To: semantic

Superimpose on Ben’s monetary policy’s effect on commodity prices, that is squeezing the poor worldwide, the rise in food costs created by our insane ethanol subsidies / mandates. A nice double whammy.

Burning food. Such a wonderful idea.


239 posted on 01/29/2011 3:02:01 AM PST by FreedomPoster (Islam delenda est)
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