Replies

The danger here is that, after printing the stimulus money and channeling some of it to the banks, the velocity of money is still alarmingly low. Usually, a fiat-currency created stimulus package results in an immediate spike in economic virility. It is almost always followed by an inflation hangover that never makes the party worth it.

But what is alarming here is that the velocity of money (how frequently a dollar changes hands in voluntary exchanges, usually with a profit being made by the recipient of each exchange) is very, very low considering all that has been done to “stimulate” the economy.

What this means is that there is an unknown but very large quantity of money sitting in the banks (who, rather than make the money available through loans used it to invest in the markets and cook their books to appear more solvent than they are) and in people's savings (not in the banks but in paying down personal debt and sitting under mattresses) and that unknown but very large quantity of money is building up like rising waters behind a dam about to burst. When that dam bursts, we are already facing hyperinflation.

That these fascists in charge of our government are thinking about adding to that rising water with another stimulus can only indicate that their goal is not to “fix” the economy (which can only fix itself through an increasingly painful correction) but to destroy the US dollar, betray our debts to those who have invested in our T-Bills and US bonds (the ChiComs), and to force the American public to demand that we give up the dollar and sign on to a global currency administered and controlled by a global bank.

No one with even a cursory understanding of the monetary science and of monetary policy could possibly delude themselves into believing that what the government (Obammie the Commie and his cronies) is good for the economy, good for the dollar, and good for America.