Posted on 11/04/2010 7:58:39 PM PDT by luv2ndamend
What will this do to the middle class? Exactly what they've intended all along. Destroy it, utterly. The vision of the 'anointed' is and always has been, a two-class, not a three class global society. It appears that they are now making their final push to eliminating that pesky third class...
the infowarrior
I miss the bad old days of 6-7 months ago when some economists were trying to tell us how deflation would be a worse experience than inflation...
QE2 is not about stocks, it is about the inability for the fed gov to sell enough T bills to cover their obligations and entitlements. Bernanke is trying to stave off a popular revolt like Greece. China and the world may make that nightmare happen when they can no longer afford to buy T bills as the US dollar drops in value due to QE. In the meantime everyone on Main Street will get it in the aXX from high inflation.
The stock market is about to go into the mother-of-all, game-ending, grand fireworks finale, parabolic blow off-top rallies. Anyone who is concerned about inflation needs to be in the market. When the Fed says, “We’re ramping the stock market”, you’d better listen. Because it’s not just Americans going all-in; every nation invested to the teeth in Treasuries that offer zero returns, just got the green light to pile into the final Ponzi that will give them the profits that will soothe their desire to dump our debt back into the market. The next step is total dollar destruction and a massive summit to agree on a global currency. If that doesn’t happen, the trade wars will go mental, and then it’s World War III.
People klike Bernanke don’t mind putting everything down against overwhelming odds.
After all - they are all well heeled so we and our children will be the ones to suffer.
When Bernanke and Carlson came to Bush with their cock and bull story and their lies about needing to save the financial system he should have shot them both between their beady eyes.
The middle class in America is being strip mined by the world elites.
Glenn Beck has been on this for quite a while.
Actually, inflation will keep nominal prices from falling as much as they otherwise would have. This will allow homeowners to preserve the nominal equity in their properties and loans to appear as solvent. real estate just won't be worth as much compared to everything else.
We also MUST consider what happens with Iran and Israel. Israel will attack Iran sooner or later (Before 2012)...
What will happen now is that foreigners seeking to redeem existing T-Bills as they come to term will find that the only buyer is the Fed, who will simply print dollars to pay them off.
Of course, those dollars will buy less and less. In effect, the US is forcing its bond holders to take a huge haircut, while promoting exports and domestic production by devaluing its currency.
Nixon effectively shafted US debt holders when he took the US off the gold standard, so I don't know why anyone is surprised now.
Unlike other countries, the US _can_ produce just about anything it imports, whether commodities like oil or manufactured goods-- the difficuilty is the lag time between rising import prices and ramped up domestic production.
Master plan of the ‘progressives’
Devalue the dollar
Switch to a world currency
One world government
Total control
They use to call people crazy for that kind of talk. Now, it is so scripted.
Does the 100 billion a month just service the interest on the national debt, and is that a fairly accurate number?
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