Posted on 08/13/2010 12:57:10 PM PDT by Razzz42
Educational video about debt monetization.
(Excerpt) Read more at inflation.us ...
It's a circle to now where fast except more dollars in the system makes them worth less and will eventually affect consumer prices.
Simple explanation of a complex topic. Now what do we do about it?
Thanks. I just shared the little video on Facebook!
I didn’t find this a particularly instructive video. I don’t think it either put things in historical perspective as to how MUCH this amounts to, why it’s really different from the past, or what inflation (via monetization) really means.
You can find the same methods on any street in the larger cities. Three Card Monte comes to mind. It’s all a shell game with the Fed. Congress has NO guts to rein them in.
Hmmm
They turn paper into our labor.
Number one US expenditure now is going to be paying interest on DEBT.
They probably don’t even pay for the paper and ink for their notes, and stick the bill for them to us too.
We work whole year, and pretty much every penny goes to them.
30%-40% before you get your paycheck, if you got mortgage, well, at least 50-60% of remaining money is gone, and then there are bills, and each bill comes with hidden taxes, and everything you buy get hits by sales tax.
If you still have some money left, then they give you all the incentives to INVEST, which is money going to the FRONTMEN for Central Bankers, the INVESTMENT BANKERS, and for a little while they make you feel good how your retirement is going up. They make money trading the money you have trusted them with. At appropriate time, they crash market, and you left holding your d***.
Elections matter. America's bill for putting a Kenyan socialist in charge of our economy is soon coming due.
God help us all.
Yeah, but if you run the first one long and hard enough, it will eventually land you in the second one.
Another socialist rant of a person that hates capitalism without even bothering to learn how it works.
So apparently Albert Einstein was mistaken.
The federal government CAN create something out of nothing.
/sarcasm/
So, the US Treasury is selling the bonds AND giving away the money to BUY the bonds?
So, the US Treasury is selling the bonds AND giving away the money to BUY the bonds?
15 posted on Friday, August 13, 2010 3:15:46 PM by agooga
Yesssssirrreeeee, we have Winner!!!!!!!!!
It’s even worse than that. Print they will, to pay the interest due on the bonds and print they will, to pay the principle due when the bond is cashed in. Because the taxpayer is broke by the debt to be paid off that continues being run up and Congress never stops spending.
Your prize: Explaining it to the younger generations.
I agree the video is not particularly well done but at least they are trying. Haven’t really heard or read where printing is explained as such in the video. Usually printing money is referred to as: QE (Quantitative Easing), stimulus, electronic book entry, easing, creation, monetization of debt, Ponzi scheme, Bush’s fault, .....on and on.
“Simple explanation of a complex topic. Now what do we do about it?”
Not much you can do about on an individual basis expect prepare for the worst. Get out of debt, lower your standard of living by eliminating excesses, downsize, eat less....
If you speak up like say, Ron Paul, you are immediately labeled as a loony in need of mental health care. Doesn’t matter even if he is half right.
“Congress has NO guts to rein them in.”
I agree, Congress created the Federal Reserve Act (1913) for this type of banking system, has oversight of all comings and goings of banks and even the US Treasury <<<<<need I say more?
ping
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