They are effectively saying we will loan money that doesn’t exist. Which effectively means they are making monopoly money. No big surprise here. They are just making it clear that they are the arbiters and creators of wealth. Anybody in their right-mind knows this is insane and will lead to default through printing.
I can’t help but be dumbfounded watching the markets climb like crazy, while nearly a 1/2 million people lose their job every week. The only thing holding this Ponzi scheme up is the complicity of the Fed Reserve, the US Treasury, and the stupidity of the American consumer.
One of these days, the REAL bubble is going to pop. The real bubble is the US Treasury note. In my opinion this is the last refuge of the Ponzi scheme known as the western economy. Watching and waiting. Hopefully i will be able to see the oncoming collapse and cash out in food, bullion and other REAL assets when that time comes.