Posted on 02/07/2011 9:24:28 AM PST by FromLori
More magical than that is the situation where the Federal Government loans money to itself, then prints more worthless cash to buy it's own debt from itself and pays itself back with money that never existed in the first place!
Now there is some brilliant financial wizardry there. And Burn-yank-me, is a master at it. (Or so he thinks.)
Do you know how to explain what happened with inflation during the Carter years, or do you know of a good book to explain THAT inflation? I’m having a hard time wrapping my mind around the inflation during the Carter years with insanely high interest rates, and the inflation going on right now with insanely low interest rates.
Inflating home prices back up has been the plan all along. Anything But Deflation. The only question has been, does the FED have the means to inflate us out of deflation. Some point to Japan as proof they don’t have the means to force inflation. The jury is still out, but BurnYankee’s helicopter has been flooding dollars toward that end.
He is only one of a huge horde of scum sucking liars in government, business and the media. As long as Joe Brainless buys the lie, he will never stop.
It just happens randomly and without forethought or cause, just like pregnancy, or third world starvation, or Joe Biden's words.
I totally agree. Inflation is the "answer" to so many problems, including the pension plans which states can no longer afford. If they are paid in devalued dollars, they become worthless.
It is not just in the US. In a recent article, the British govt denied that they were trying to launch inflation in order to inflate away debt. Oh no ... indeed no. They have denied it.
Sweet deal huh the Bernank gives Obama’s favorite banker Jamie Demon a bunch of money to play with and he knows a good thing when he see’s one electric vehicles...
“Because an electric motor is used as the primary propulsion source, these vehicles will have a much higher copper content than a conventional vehicle”
http://www.copper.org/publications/newsletters/innovations/1998/02/ev_intro.html
President Obama’s Favorite Banker
http://www.economicpolicyjournal.com/2009/07/president-obamas-favorite-banker.html
You're in early, high interest rates are coming.
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