Posted on 11/30/2011 5:36:50 AM PST by TSgt
The U.S. Federal Reserve, acting with five other central banks, took steps Wednesday to boost the troubled global financial system by making it cheaper for banks to trade in U.S. dollars.
The Fed -- along with central banks of the eurozone, England, Japan, Switzerland and Canada -- announced a coordinated plan to lower prices on dollar liquidity swaps beginning on December 5, and extending these swap arrangements to February 1, 2013.
(Excerpt) Read more at bottomline.msnbc.msn.com ...
Mark my words (well, I’m not the first to say it), there is a deliberate and concerted effort for the U.S. Government (and other nations), to spend as much money as they can to collapse the economies of the entire world. They’re going to hyperinflate money away no matter what happens. Whether it’s spending money on turtle tunnels, or Asian prostitute drinking studies, they will look for anyway to burn money so as to borrow/print more. The spending will NEVER, ever, EVER be reigned in. They know what they’re doing.
Another disaster in the making.
And why do they want to do this?
probably its the last bullet they have and there are a bunch of hungry wolves ready to pounce.
Any student of economics saw the Euro bailout coming a long time ago. Anyone who is a reader of ZeroHedge saw this coming months ago. Most people will be apathetic about this news today... but they’ll be mostly surprised when their dollars buy less stuff.
-——They’re going to hyperinflate money away-——
I would argue differently. There will be inflation but not hyperinflation. The rate will be controlled to the maximum the public will bear. The trick is control, but that is the goal
Devaluation is the oldest trick in the book. My take is that Inflation 101 is part of every king’s education and even elected officials have taken the course.
A one world monetary/financial/governance system, like the Vatican is apparently calling for now, too.
There are people who will never rest until they own you, and that’s what’s going on now: a growing attempt to own you, through debt.
I think you are giving them too much credit. It is much, more likely they are desperate and are way out of their depth.
And inflation is more electable...
I only slightly disagree with you, you said:
“There will be inflation but not hyperinflation. The rate will be controlled to the maximum the public will bear. The trick is control, but that is the goal”
I think that that assessment is spot on. I don’t disagree at all that the goal will be maximum sustainable inflation, but then there are the black swans. The problem with the megalomaniacs who think that they can control everything and every variable is that history has shown that they cannot. The best laid plans of mice and men, and all.
The world’s central banks just promised to bailout all the banks in the world with your money. Markets are triumphant. Yippee (sarc). This is getting beyond a joke now.
“And inflation is more electable...”
Ah, so you’re referring to Politicians. Yes, Politicians are very stupid, I don’t give them credit for anything. They don’t write, read or even care about the bills they pass. I’m not referring to politicians knowing what they’re doing, politicians are just the front men.
The real people behind the scenes are known by many names: lobbyists, high-end donors, handlers, etc. They’re the ones who in fact know what they’re doing. Not the “We have to pass it to find out what’s in it” crowd, but the ones who already know “what’s in it,” because, they wrote it.
Yep. Anyone who doesn’t realize it’s a rigged game is in for a rude awakening.
-——The best laid plans of mice and men, and all.-——
That can not be denied.
The focus seems to be on the deficit and spending. The real problem is the debt.
No amount of deficit spending reduction will reduce the existing debt. There can not be adequate real growth to eliminate the debt. The solution is to devalue the currency and the resultant inflation will increase real revenues at the existing rates of taxation. The combined devaluation and inflated marginal taxes compounded will eliminate the debt..
But we’re not supposed to worry; Uncle Ben says he will “mop up” when the time is right. Yes, Helicopter Ben will remove the excess liquidity at the right time and in the right amount so as to maintain stable prices forever.
He also has a bridge to sell us...
Revelation 6:6 Then I heard what sounded like a voice among the four living creatures, saying, “A quart of wheat for a day’s wages, and three quarts of barley for a day’s wages, and do not damage the oil and the wine!”
And of course the stock market is set to rocket on this news. Sucker’s game. Idiots. Kindly read the tag. Do some research. Get ready. Ain’t gonna be pretty.
Agreed. IIRC we spend more than 40 cents of every dollar on debt repayment, is that correct? Debt is a cruching weight, it truly is the case that the borrower is servant to the lender.
By “Debt repayment” I meant on the interest payments, not on the principal (that’s never going down, IMHO).
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