The Mother of All Bells
There is an old adage on Wall Street that no one rings a bell at major market tops or bottoms. That may be true in normal times, but as many have noticed, we are now completely through the looking glass. In this parallel reality, Ben Bernanke has just rung the loudest bell ever heard in the foreign exchange and government debt markets. Investors who ignore the clanging do so at their own peril. The bell’s reverberations will be felt by everyday Americans, whose lives are about to change in ways few can imagine. While nearly every facet of America’s economy has been devastated over the past six months, our national currency has thus far skipped through the carnage with nary a scratch. Ironically, the U.S dollar has been the beneficiary of the global economic crises which the United States set in motion. As a result, our economy has thus far been spared the full force of the storm.
This week the Federal Reserve finally made clear what should have been obvious for some time – the only weapon that the Fed is willing to use to fight the economic downturn is a continuing torrent of pure, undiluted, inflation. The announcement should be seen as a game changer that redirects the fury of the financial storm directly onto our shores.
In its statement, the Fed announced its intention to purchase an additional $1 trillion worth of U.S. treasury and agency debt. The purchases, of course, will be made with money created out of thin air through the Fed’s printing presses. Few can doubt that they will persist with these operations until the economy returns to its former health. Whether or not this can ever be accomplished with a printing press alone has never been seriously considered. Bernanke himself admits that we are in uncharted waters, with no map or compass, just simply a hope that more dollars are the answer. Full Story
Printing Money Out of Thin Air = Hyperinflation
Posted in Bailout, economic collapse, economy, foreclosure, global financial crisis, government, great depression, obama, recession, stimulus, U.S. Dollar
Tagged bankruptcies, china, consumer spending, economic collapse, federal reserve, Foreclosures, foreign exchange, gold, japan, layoffs, peter schiff, printing money, U.S. Dollar, U.S. treasury, wall street
Jim Rogers ‘I would urge you to be prepared’
Posted in Bailout, economic collapse, economy, global financial crisis, government, great depression, obama, recession, stimulus, U.S. Dollar
Tagged agriculture, Bailout, bankruptcy, banks, bernanke, farming, Geitner, gold, great depression, greenspan, investments, japan stock market, jim rogers, obama, platform of change, politicians, protectionism, reality, stimulus package, U.S. Dollar, zombie banks
John Williams ShadowStats.com “Go long Scotch!”
Posted in economic collapse, economy, great depression, hunger, job loss, recession, U.S. Dollar, unemployment
Tagged economic collapse, gold, hyperinflation, investment, U.S. Dollar, u.s. economy
ClapTrap from Geitner says Rogers:
Jim Rogers : We Don’t Have a Plan 11 Feb 2009
YouTube video of audio interview with Gerald Celente on the Lew Rockwell show. While Gerald gives a sobering view of things to come, for which he says “there’s really no way out”, he says there is hope in the secessionist movements, that america is a very flexible and resilient country. He warns that until the People decide not to vote for a lesser of two evils any longer and only take a new route can things truly Change.
Posted in economic collapse, economy, hunger, job loss, recession, U.S. Dollar
Tagged blackwater, fascist, Gerald Celente, gold, homeland security, iraq, lesser of two evils, Lew Rockwell, revolution, rioting, u.s. government, war, wmd