Federal Reserve begins QE3
If this is what “Occupy Wall Street” is about, I gotta agree
Have to confess that until tonight I haven’t seen any rationale at all for the “Occupy Wall Street” protests going on right now in New York City. I mean, isn’t part of the American dream having the freedom to get as rich as you want to be from honest hard work and taking risks and making investments on those risks?
Let me be more succinct: in my mind, the Wall Street protests are being driven by activists determined to bring about socialism, to the detriment of industry that has allowed this country to boast the highest standard of living of any nation in recorded history.
Is our country perfect? No… and it never will be either. There’s always going to be room for improvement. But socialism has never proven itself in the long term to be a viable model and we would be wise to remember that.
However, tonight I ...
Is America headed to bankruptcy?
Well, it’s more than a fair question. Yesterday I was reading how the Federal Reserve might soon be in need of a “bailout”. More than anything else I’ve heard in recent months, that raised a honkin’ big red flag. But then, I’ve been thinking for awhile now that conditions are ripe in this country for hyperinflation.
A good friend of mine, James S. Hodges – writer, Baptist minister, and all-around astute thinkin’ dude – published an essay today about the possibility of the United States going totally broke this year. And as with all such things, I’m compelled to lean y’all’s attention toward it…
...Recently there have been disturbing reports on various news outlets about the rise of food and oil prices. Now the housing market also appears to be collapsing once again. The floods in Australia is said to affect the meat market due to cattle being lost
$9 TRILLION unaccounted for by the Federal Reserve…
…and they haven’t a clue where all that money went.
Watch as Inspector General Elizabeth Coleman of the Federal Reserve stumbles and stalls as she tries to ‘splain how in the world did her bunch lose $9,000,000,000,000:
$1 TRILLION, which may or may not really exist, getting pumped into economy
The Federal Reserve is sending $1 trillion more into the flagging economy via “purchasing Treasury bonds and mortgage securities”.
At this point I have lost count of how much money – the evidence for the actual existence of which is about as substantial as that for the Loch Ness Monster – has been “pumped” into the markets over the past six months.
Hyper-inflation, here we come…...
Federal Reserve won’t say who’s getting TWO TRILLION DOLLARS of taxpayer money
Either way you cut this, it screams out “biggest heist of all time”.
On a related note, President Bush is considering tapping into the same funds since the “bailout” failed in the Senate last night.
Time to revisit “Hell Époque” post that I made all the way back in January. That was the term that future historians, I’m sure of it, would give our current era.
...The era of United States history that stretched from the early 1990s until the end of the first decade of the 21st century, that has come to be regarded as the final years of America’s long-time domination of the world’s culture and economy.
Although noted for considerable achievements in computers and telecommunications that led to apparent empowerment of the individual, the Hell Époque was
Monetary hypocrisy
If your or I were to make counterfeit money, we would go to prison.
If the Federal Reserve makes counterfeit money, it’s considered “business as usual”.
$17 billion today that got injected into the system. That’s almost $90 billion since last week.
If this keeps up, the “dollars” that you can print up with the Epson on your desktop are going to be worth more than actual Federal Reserve notes....