Posted on 04/13/2009 8:44:20 AM PDT by djf
They need to print money to fund the already passed ‘stimulus’.
Now, that's some superfine blow this guy's doing.
They’re trying to do it without printing money - as that would result in hyperinflation.
But the Fed announcement that if the T-bill sales fail, then they would themselves buy the bonds or whatever means exactly that - that they have to actually print it.
While there will be some devaluation, I don’t see it in the extreme case that he is pointing out for one reason- value is the subjective rate of exchange. In other words, the value of the dollar in relation to xx- generally measured against other currencies. In the case of this ratio, other countries are going through a similar spending spree and debt increase like we are so the relationship has a similar movement.
They have to print more money. If they find exotic angles that sound better it doesn’t change the resulting necessary action.
Don’t worry. BO and our esteemed Treasury Secretary will save us.
The relation is key.
It is going to get ugly
http://www.businessinsider.com/henry-blodget-the-social-security-bomb-2009-4
http://www.businessinsider.com/aig-bucks-the-big-bang-2009-4
http://www.businessinsider.com/can-we-loot-social-security-to-pay-for-the-stimulus-2009-2
http://www.businessinsider.com/henry-blodget-is-obama-in-wall-streets-pocket-2009-4
Thing is, though, that I keep hearing stories, you know, “somebody knows a fellow who talked to suchnsuch bank and they say...”
And at least some of these guys really are deep financial professional with their fingers on the various pulses.
We’re gonna see some kind of MAJOR change. What it is, nobody knows yet. Or if they do know, they ain’t tellin.
His last advice to me was "buy coffee & lots-o-ammo". It is his belief something major is going to happen in Aug/Sept, concerning devaluation of the greenback.
This was such a howler, and so easily sourced and discredited, it very much casts suspicion on the rest of the article:
“Also, the US is a net importer of food, so food shortages would take place.”
see:
http://www.ers.usda.gov/AmberWaves/February08/DataFeature/
ping for later
Yeah....probably during the hottest part of the summer, when the power grid goes down, and people are in the streets of major "hot" cities rioting.....THAT'S when it'll happen....whadya bet? Hmmmm....guess I'll keep stocking up. My husband thinks I'm over-reacting....we shall see.
It seems to me that every chart of anything I’ve seen lately looks like a hockey stick. I guess you could say the amount of charts looking like hockey sticks is growing exponentially.
one can never have to much ammunition
Japan’s been monetizing their debt every year for 20 years.
Anyone care to comment on how far the Yen has been devalued?
Now there's a man who's never had to swim to shore...
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