Fire up the presses.
And make sure Ben doesn't run out of ink printing all that money - with nothing backing it up!
Obama bamboozled millions... gave them the old 'okee doke.'
Posted on 11/03/2010 10:58:05 PM PDT by Razzz42
...The fact that the Republicans took control of the House of Representatives last night is completely meaningless. If the U.S. government is to implement the spending cuts necessary in order to prevent hyperinflation, Americans will be faced with a second Great Depression, which NIA believes is a necessity and much better than the alternative. However, the Republicans will not risk being held responsible for the next Great Depression, because it will ensure Obama gets reelected in 2012. Therefore, NIA predicts that nothing is going to change with the Republicans taking over the House...
(Excerpt) Read more at inflation.us ...
What I am reading is that default on its debt by the US Government will happen before hyperinflation ever takes hold.
Basically, the FED is going to impoverish future generations to keep the stock market from falling to where it should be. Bernanke said as much, from what I read, not the impoverishing thingee, heh.
Obama just wants to blame the newly elected Republicans for “everything bad that happens”, during the next two years. Will all of the GOP have a decent, foolproof game plan to deal with this, for the next two years and beyond?
Beginning to starve the middle class...QE has been starving the middle class for two years...
Fire up the presses.
And make sure Ben doesn't run out of ink printing all that money - with nothing backing it up!
Obama bamboozled millions... gave them the old 'okee doke.'
Sad is’nt it? The biggest news of the day that guarantees that everything will be more expensive during a period of stagnant wages and massive unemployment and hardly anyone takes note of it.
We are facing disaster and the rest of the world is going to feel the pinch too until they dump the dollar.
What a mess. All this to prevent the big banks from eating the losses they richly deserve. I love the excuse too, give the banks more money to lend as if the American consumer will borrow themselves out of the recession or coming depression. Genius!
The banks are not loaning money because they are too busy profiting from it and too few qualify for loans. Imagine how bad it will be for people on pensions when the market crashes at the same time the dollar collapses.
Freeze all FedGov spending.
Recall all TARP/bailout money not spent - which is a hellofa lot
Start making in cuts, begin with the re-imposition of the ‘welfare reforms’ recently overturned.
Start another - but better named - “Operation Wetback”
Fix the ‘Bush tax cuts’ by making them permanent
Jam a stick in the spokes of Freddie and Fannie - and clean out the nest of corrutions by firing all the Dem robbers i those organizations
Free Willy
Tell Germany - goodby - for that matter tell South Korea, Ahell, tell all of Europe goodby - and the Brits - goodby to them as well. Leave Kosovo - if it is important - Europe can sort it out and pay for it.
Reduce US Corporate taxes 5%, drop capital gains taxes for 4 years.
There is a lot that could be done - but is the will to overcome entrenched special interests there????
Now, if people don't start spending out of fear of inflation, they just devalue the bucks and tell people, “well, that's the way it goes when people aren't spending and begin to lose faith and horde their money”.
Just a thought about how this might be as much a psychological game on their part every bit as much as an action intended to solve anything.
Regards
There are some people speaking up but it seems it will be too little too late for average people. Get ready to more for everything you really need to live.
Bachmann: I begged the Fed not to do it
Michele: ‘Does anyone honestly believe adding inflation would be a good thing?’
http://www.wnd.com/index.php?fa=PAGE.view&pageId=223665
Bernanke Confirms That The Key Goal Of The Fed, And QE2, Is To Boost Stock Prices
Glenn Beck Explains The Latest Iteration Of Quantitative Easing
http://www.zerohedge.com/article/glenn-beck-explains-quantiative-easing
Cathy McMorris (R-WA-5) Condemns Bernanke
http://market-ticker.org/akcs-www?post=171168
Those bankers didn’t donate heavily to obama long before he was running for president for nothing.
Quoting Freeper
“algernonpj (He who pays the piper . . .)”
It’s interesting how many forget that the Fed is right out of Marx’s Manifesto:
“The proletariat will use its political supremacy to wrest, by degree, all capital from the bourgeoisie, to centralize all instruments of production in the hands of the state, i.e., of the proletariat organized as the ruling class; and to increase the total productive forces as rapidly as possible.
Of course, in the beginning, this cannot be effected except by means of despotic inroads on the rights of property, and on the conditions of bourgeois production; by means of measures, therefore, which appear economically insufficient and untenable, but which, in the course of the movement, outstrip themselves, necessitate further inroads upon the old social order, and are unavoidable as a means of entirely revolutionizing the mode of production. ... “
Measure No 5 of 10 to achieve the above in advanced nations =
“5. Centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.”
Manifesto of the Communist Party by Karl Marx and Frederick Engels
http://www.marxists.org/archive/marx/works/download/pdf/Manifesto.pdf
I agree that there are lots of things we could do but it will require sacrifice and cause pain to the entitlement crowd.
I don’t think we have the willpower to do it and suspect that any politician or party that causes such pain will get decimated in the next election.
The moral thing to do is eat the losses now to ensure a better future for our children. I don’t think there are enough of us that feel like that and half our citizens are beneficiaries with a vote.
I feel sick for my children. What our gov’t and fellow citizens are doing to them is absolutely wrong and unconstitutional. No generation or generations should have the right to saddle future generations with crushing debt and worthless dollars but our nation is oblivious to what is coming.
But, “moderates” will stymie all of that.
Don’t be too “extreme” and stop spending, reform welfare, Fannie Mae, protect the unborn, call out the GW lie or enfore borders.
No, that’s BAAAAAAAAAAAAAAAAAAAAAAAAAD
Bush did something much worse.
all dates, 2008.
http://www.globalresearch.ca/index.php?context=va&aid=11236
July 30: President Bush signs a housing bill including $300 billion in new loan authority for the government to back cheaper mortgages for troubled homeowners.
Sept. 7: The Treasury takes over mortgage giants Fannie Mae and Freddie Mac, putting them into a conservatorship and pledging up to $200 billion to back their assets.
Sept. 16: The Fed injects $85 billion into the failing American International Group, one of the world’s largest insurance companies.
Sept. 16: The Fed pumps $70 billion more into the nation’s financial system to help ease credit stresses.
Sept. 19: The Treasury temporarily guarantees money market funds against losses up to $50 billion.
Oct. 3: President Bush signs the $700 billion economic bailout package. Treasury Secretary Henry Paulson says the money will be used to buy distressed mortgage-related securities from banks.
Oct. 6: The Fed increases a short-term loan program, saying it is boosting short-term lending to banks to $150 billion.
Oct. 7: The Fed says it will start buying unsecured short-term debt from companies, and says that up to $1.3 trillion of the debt may qualify for the program.
Oct. 8: The Fed agrees to lend AIG $37.8 billion more, bringing total to about $123 billion.
Oct. 14: The Treasury says it will use $250 billion of the $700 billion bailout to inject capital into the banks, with $125 billion provided to nine of the largest.
Oct. 14: The FDIC says it will temporarily guarantee up to a total of $1.4 trillion in loans between banks.
Oct. 21: The Fed says it will provide up to $540 billion in financing to provide liquidity for money market mutual funds.
Nov. 10: The Treasury and Fed replace the two loans provided to AIG with a $150 billion aid package that includes an infusion of $40 billion from the government’s bailout fund.
Nov. 12: Paulson says the government will not buy distressed mortgage-related assets, but instead will concentrate on injecting capital into banks.
Nov. 17: Treasury says it has provided $33.6 billion in capital to another 21 banks. So far, the government has invested $158.6 billion in 30 banks.
AS they say, in a zero sum game, someones gotta die.
Should my grandchildren pay the price for a 5th generation welfare maggot? (welfare quees, welfare (fill the blank))
Should my grandchildren pay for someone who spent their working life pissing away every dime that had because “social secutiy” would pay for
thier retirement,
their home
thier medical care
and everything else.
Now I know what the Germans must be feeling.....
The cascade effect from this will make the Great Depression look like a cakewalk in our consumer driven service oriented economy.
When dollars are tight who is going to buy ice cream, fancy clothes, nice haircuts, makeup, vacations, and all the other non-essential crap that seems to make up so much of our economy? Most people will not be able to afford such things and these are small businesses that employ our neighbors. Consumer spending is already down before the idea of inflation even creeps onto the tongues of Americans.
>AS they say, in a zero sum game, someones gotta die.
>
>Should my grandchildren pay the price for a 5th generation welfare maggot? (welfare quees, welfare (fill the blank))
They would say “yes, because everyone has the right to life” and you don’t want to be so heartless to kill them with your stinginess, right?”
>Should my grandchildren pay for someone who spent their working life pissing away every dime that had because “social secutiy” would pay for
>thier retirement, their home thier medical care and everything else.
That depends; are your ‘grandchildren’ even real; or are they unborn?
Were your ancestors any of them, anywhere, even through spouses connected with the slave trade?
Are you, in any way, rich?
Are you a Christian; and aren’t Christians REQUIRED to love others? {And if you loved them, wouldn’t you support them?}
(The above should have been read dripping with cynicism.)
>Now I know what the Germans must be feeling.....
Heh. - Just wait until we get to empathize with the Israelites of ancient Egypt.
This is typically how failed monetary systems end. Through out history, citizens suffer as their currency is debased and all the effects that go along with it including revolt.
Unfortunately we have front row seats.
Since 1906, when the Republic came under assault, America has had many precise warnings about the future. How many times did Ronald Reagan, for example, precisely describe the potential for a headlong slide into tyranny based on the actions being taken by the marxists/statists who ruled us and the continual inaction of the majority of the American people.
Let me see...When the water gets to a full boil, do the frogs ever get out?
Only if the pot gets kicked over...
Any optimism I have is based primarily on large stores of ammo, food, gold, clothes, and medicines and the knowledge that my grandchildren (who are all, except one, in their mid-20's) know where it is and how to make use of it.
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