It sure sounds like Bernanke and the Federal Reserve are lying to us again and we should buckle down as individuals in preparation for economic disaster.
Read more
Bruce
"Too few Americans are prepared for what’s coming our way. We are facing a grave crisis that will have a dramatic effect on every American citizen, our national security and our very way of life.
...
Federal Reserve under Fed Chairman Ben Bernanke announced round three of bond purchases, or QE3, for an indefinite period. An open-ended purchase by the Federal Reserve of U.S. Treasury bonds, or our country’s debt to the tune of $40 billion per month.
...
The actions of Ben Bernanke, the Federal Reserve, the Obama administration, with the blessings of nearly every elected and appointed official just sealed the demise of the U.S. dollar by launching an indefinite round of creating digital money, backed by nothing, for the purpose of buying our own debt. Doing so ultimately makes our paper money worth less and soon to be worthless. In other words, it will take more money to buy food, gas, clothes, school supplies and pay for all goods and services.
Everyone with U.S. dollars in pension plans, savings and retirement accounts are about to lose much, if not all of their savings. Why? Because by creating more digital money from nothing will significantly devalue the dollar to the extent that it will take more and more of them to pay for the same goods and services yesterday, last week, last month and last year. We are witnessing a state sanctioned Ponzi scheme that is nearing its end, as the process will ultimately collapse upon itself. It is now a mathematical certainty."
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment