Jim, we need to spend our way out of our spending demise.
It's the only way we can survive!
More spending means more money and prosperity!
Trust me.
Posted on 11/07/2010 2:32:50 PM PST by Al B.
As President Obama prepares for the G20 summit in South Korea this week, Sarah Palin is challenging the Federal Reserve’s monetary policy, which will likely be a key issue at the talks. On Monday, in a keynote address at a trade-association convention in Phoenix, Palin will urge Fed chairman Ben Bernanke to “cease and desist” his “pump priming.” The United States, she says, “shouldn’t be playing around with inflation.”
I’m deeply concerned about the Federal Reserve’s plans to buy up anywhere from $600 billion to as much as $1 trillion of government securities. The technical term for it is “quantitative easing.” It means our government is pumping money into the banking system by buying up treasury bonds. And where, you may ask, are we getting the money to pay for all this? We’re printing it out of thin air.
The Fed hopes doing this may buy us a little temporary economic growth by supplying banks with extra cash which they could then lend out to businesses. But it’s far from certain this will even work. After all, the problem isn’t that banks don’t have enough cash on hand – it’s that they don’t want to lend it out, because they don’t trust the current economic climate.
And if it doesn’t work, what do we do then? Print even more money? What’s the end game here? Where will all this money printing on an unprecedented scale take us? Do we have any guarantees that QE2 won’t be followed by QE3, 4, and 5, until eventually – inevitably – no one will want to buy our debt anymore? What happens if the Fed becomes not just the buyer of last resort, but the buyer of only resort?
All this pump priming will come at a serious price.
(Excerpt) Read more at nationalreview.com ...
AGREED...time to stop this sh*t...to hell with bullwinkle berneckie!
Woo hoo!!
Go, Sarah, GO!!
Don’t let them raise the debt ceiling!!
Starve the Beast!!
Rebellion is brewing!!
It’s called “Economic Control”. Look to the USSR to see how this works. “Economic Control” is exactly what they did.
Jim, we need to spend our way out of our spending demise.
It's the only way we can survive!
More spending means more money and prosperity!
Trust me.
Gee, I didn’t think she was that smart to make such a sophisticated argument. Oh my, oh my! /sarc
But out hockey mom! The banksters have everything under control. /s
Some lead, others follow. Palin is the former. Thank God she is watching out for the currency. Lenin’s first rule to topple a capitalist country was to debase its currency.
If this isn’t stopped now it will set the next President up with a 1980-83 style recession on top of what Obama has done. These people are evil.
Punishment for Americans for rejecting the Messiah.
“Punishment for Americans for rejecting the Messiah”
His plan is to bring us crashing down, all right. The only thing standing in his way is the Tea Party and a certain former Governor Of Alaska.
“The buyer of only result”
Sounds like Sarah Palin has finally found Zero Hedge and Karl Denninger’s excellent websites (among a few others).
Good. Maybe now we can get some daylight between official Republican policies and TARP I,II, Ben Bernanke and the continued bankster pillaging.
When others are sitting smug with the recent election results Sarah just sounded the Bell - watch her take it to the Fed and who knows we may get an audit of the Fed after all.
If she managed that while not holding an office...? Cool.
I will ping Sarah’s List!
Thanks very much Jim!!!
BTW, just started reading Stanley Kurt's "Radical-in-Chief". I don't think I'm gonna like what I learn.
I absolutely cannot wait to vote for this woman.
Kurt’s = Kurtz’s
Take the printing presses away from the government.If they don’t this country will default.
Lead, follow, or get the Hell out of Sarah’s way!
That means you, Karl, and all your RINO friends.
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