50 MILLION Mark Note, Weimar Republic, 1923 (Wikimedia Commons)
Posted on 11/04/2010 7:58:39 PM PDT by luv2ndamend
Bernanke needs to be a lamp post decoration.
This needs to stop.... Right f*cking NOW!!!!!
>> What will this do to a middle class whose savings have already been eviscerated
Oh, it’ll positively SCREW those who play by the rules, borrow carefully and wisely, save their money, and live within their means.
It’ll REWARD (for a while) speculators, debtors, the profligate, and most of all, it’ll spare the government of paying proper interest on the unfathomable wads of money they borrow and waste.
Bernanke is a criminal.
bttt
Some of the comments over there:
by Vampyroteuthis ...
on Thu, 11/04/2010 - 21:07
#701706
Helicopter Ben is not a “madman”, he is just unleashing his weapons upon the world. Who are we kidding? Here are the results of the money drop.
1) China is going to have more inflation from commodities surging and the dollar peg. Whatever wealth is there will soon be eaten away.
2) Countries on the verge of default will be pushed closer. They are now priced out of exports to the US and China will undercut them. Europe and Japan are in this boat. Europe most likely will force a PIIGS country to default and leave the Eurozone. The Euro crashes and the dollar spikes.
3) Someone has to keep rolling over the excessive US gov’t debt. Who want to roll over $100 billion+ a month?
4) Wall Street got what they wanted, free money. If everyone is on one side of the trade though it will go the opposite. In this case, market crash wiping out the smaller investors at expense of the big boys.
Never underestimate the enemy.
QE 2 is to delay the inevitable. At least in their minds. They need time to blame the collapse on the Republicans.
“the Fed doesn’t really have a clue on how to fix the financial system.”
INCORRECT:
The Fed knows EXACTLY how to fix the financial system, but too many rich Democrats in New York and D.C. will go bust if they do it.
And it will refute 50 years of Democrat vote-buying policies.
Reading Material for insomniacs...
This does seem like one hell of a setup!
50 MILLION Mark Note, Weimar Republic, 1923 (Wikimedia Commons)
Is that going to be change from buying a gallon of milk?
Behold the quadruple whammy:
Obama attacks energy companies - driving prices up - which increases the price of everything.
Obamacare increases the cost of doing business for everyone, drives out insurance companies, increasing unemployment, hindering employment..
Real estate market goes from bad to worse...inflation will reduce the number of people who will qualify for loans to actually buy. (Hard to buy a house and/or pay mortgage without a job..)
Fiscal policy creates wave of inflation, pushing the shrinking number of people with jobs, most struggling to survive payday to payday, to fail. Think about it - prices go up, pay does not (when was the last time you got a respectable raise?), foreclosures go up, unemployment increases, babies starve..
Methinks, barring a Tea Party takeover, we’re skrewed..
Where is Congress? Why are the Republicans not calling for hearings? Drag Bernanke there and let Bachmann, Paul and whoever else grill him and expose him for what he is. Make a spectacle!
Where are the opinion shows, especially FOX? For crying out loud, Shepard Smith of all people has expressed more concern over this in his snarky newscast comments. I’m thrilled about the Republican victories on Tuesday, but enough already. This is the destruction of the middle class!
It looks like Bernanke will be reporting to a subcommittee chaired by Ron Paul. That should be interesting.
The Fed better be stopped! This is evil!
ping
THR TWO DEMONS (BUFFERFLY BEN AND NOBAMA) FROM HELL DID WAIT UNTIL THE DAY AFTER THE ELECTONS TO START SCREWING THOSE WHO HAVE FOLLOWED THE RULES IN LIFE IN REGARDS TO WORKING, SAVING, AFFORDING WHAT WE BUY AND PAYING OUR BILLS....NOW WE GET SCREWED AGAIN WITH PISS POOR INTEREST RATES AND TRYING TO BE FORCE BACK INTO THE RISKY EQUITY GAME THAT TOOK HALVE THE WEALTH IN 2008
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