armed with nothing more then a keyboard and her wit... this lady exposes the left for the amateurs they are
even an empty chair would wither under this truth
Printing paper money always has been a problem for leaders who prized individual liberty and opportunity for citizens over outright lust for power for themselves.
Readers of this thread may be interested in the following quotations on the subject from "Our Ageless Constitution." Dr. Edwin Vieira, who contributed to that volume, has written extensively on the Founders' protections for liberty through their provisions for a sound money system. A search of his books and writings provide a great resource for understanding the dangers of paper money, and the wonderful protections of the Founders' system.
Thomas Jefferson:
"Paper is liable to be abused, has been, is, and forever will be abused, in every country in which it is permitted."
". . . although the other nations of Europe have tried and trodden every path of force or folly in fruitless quest of the same object, yet we still expect to find in juggling tricks and banking dreams, that money can be made out of nothing. . . The misfortune is. . . we shall plunge ourselves in unextinguishable debt, and entail on our posterity an inheritance of external taxes, which will bring our government and people into the condition of those of England, an nation of pikes and gudgeons, the latter bred merely as food for the former."
"Stock dealers and banking companies, by the aid of a paper system [paper money] are enriching themselves to the ruin of our country, and swaying the government by their possession of the printing presses, which their wealth commands, and by other means, not always honorable to the character of our countrymen."
Then there is John Maynard Keynes observation in "The Economic Consequences of the Peace - 1920":
"Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method, they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. . . . Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. . . . (It) does it in a manner which not one man in a million is able to diagnose. . . ."
“Quantitative Easing”, my donkey!
Try runaway inflation.
Anyone on a fixed income will be eating dogfood -— IF they can afford it.
“The Amateur” has succeeded in destroying the foundations of our (and the world’s) economy.
Hard times are ahead, REAL hard.
For your list!
These people won't be happy until we live by the fires of the worthless currency they have thrust upon us.
However that will only last until the whole things come crashing down and we can start this Republic over.
Obama’s economic policies are so good according to him that we have to have QE3. The clown is a dismal failure on so many fronts. R&R should have a field day with this news.
Spot on! And, Helicopter Ben says printing is the way to go, for as many times as it takes to pump up this economy. Sheeesh!
Hyperinflation. And to prevent hyperinflation, the Fed will have to decelerate the growth in the money supply. When this happens, the economy will stall again or go into a recession. Then the Fed will have to start the same stimulus-contraction cycle all over again.
QE3 - page 495 in Soros’ book on how to destroy America in less than four years.
Why did the Fed refuse for months to go forward with QE3 except that they feared its negative consequences? And why have they decided to go forward now except that the economy has become so extremely bad that they feared the consequences of not doing so?
Ben Bernanke might as well have said today that the U.S. economy needs emergency surgery. Yet since neither QE1 nor QE2 worked, where does that leave us?
Palin just doesn’t get it. All this complaining - yet the Dow Jones is up isn’t it!? Happy Days are here again. /s
I guess I know who's pulling the strings now.
Each QE has done less good then the one before it - and more harm. What the end game? Look at Greece - when the EU is tired of carrying them...
Pretty deep analysis from someone who’s supposed to be an air-headed bimbo.
Gov Palin is a genius!