Also called "Monetizing the Debt"
Also called "printing money"
Also called the beginning of the end......
Boas kill by suffocating.
What the Fed is doing here is not eating its own tail, it is suffocating us under mountains of what will be worthless fiat money.
This is scary. Inflation with stagnation on the way?
Wall Street was allowed to create more than a hundred trillion dollars in debt derivatives that can’t be paid.
Had that not happened, we wouldn’t be here now.
Yes.
Drudge Report today says it is a trillion dollars.
And the article tallies up more like 1.5 trillion.
We are saved! The road to prosperity is well known to be via the printing press.
Look how this same brilliant strategy has made every citizen in Zimbabwee a billionaire!!!
Hooray! We are so stupid not to have gone the economically brilliant road of Zimbabwee.
And to add icing on the cake, we are turning the USA into a socialist State as well. Socialism being such an economic and social success everywhere it has been tried!
Truly, embracing socialism and Zimbabwee economics, we will create heaven on earth!
All bow down and kiss the boots of our new Dear Leader!