Correct.
They’ve been doing this for awhile now. The pc-term for this is called Quantatative Easing (QE).
QE is fed-speak for PRINTING MONEY OUT OF THIN AIR, because China, Japan and The Petro-Arabs can’t or won’t buy U.S. debt like they used to just a year ago.
So, the U.S. now buys the U.S.’s debt. What could go wrong?
what could go wrong?
lol.
everything
can’t wait for hyperinflation.
Libs love it because it’s the only way to wipe out the ‘rich’ along with everyone else.
Ammo, food, gas, and water will become more desirable than gold. Stock up now while they are relatively cheap and available.
Who would buy a note, paying a few percentage when it is being devalued at ten percent a year? You lose eight percent a year?
Yeah, what the world needs, more piece of paper with ink smeared on them. That’ll fix it. That paper has ‘Majik Powers’. Yes, sir!
Got laws, rules,regulations,codes, permits, committees, fines, fees, stamp, taxes, laws, ordinances in the way of commerce, industry, prosperity? Why just print more Majik Paper!
Raised ten generations of little free skool, free lunch, touchy feely self esteem monsters that don’t want to work early, late, dirty, hard or alone? That don’t want to have skill sets buyers want to pay for? All who want to live ‘Entourage’ lifestyles? Print Majik Paper!
Chased, harassed, taxed, sued, fined, extorted, shook down every manufacture out of the country? Print Majik Paper!
Majik Paper. The cure for everything!