If foreigners cease buying and instead start selling from their existing holdings–China alone holds $500 billion in Treasury debt–a deluge will fall on an already flooded market. The Federal Reserve could move to monetize the debt. In other words, the Treasury prints bonds and the Fed purchases them by printing money. The supply of money thus expands dramatically in relation to goods and services, and high inflation, possibly hyperinflation, would engulf America. FULL ARTICLE
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5 comments ↓
They already have. They’ve “given” out something like a trillion dollars in bailouts and other forms of corporate welfare and they don’t have a dime. It’s all coming from the proverbial printing press and as all that new money starts circulating in the next couple years, we’re going to see some huge inflation.
Peter Schiff has a new book that’s essential for anyone concerned about the economy, and their own financial future:
The Little Book of Bull Moves in Bear Markets
I’ve seen a lot of Schiff videos on You Tube. Have been planning on reading his book soon too!
As it has ben pointed out…they already have, and when i read the best sell the us constitution…i am inspired to keep on protesting and doing my part in trying to unseat everyone of those elected officals who speak and deal with lobbiests more than we the people on a consistant basis…as in 85% of the time…as i do not want to stimulate the economy by buyin books from people who i don’t know…who donm’t know me or has my intrest at heart…and i say that because when was this author ever in the hall of the congress or sebnte protesting against their actions ? i don’t remember reading or seeing on ( name your paper here) CNN Foxabc,or xyz net news that anyone aside from ron paul ever doing such a thing…not being crass or rude…but in reality…life in going on…congress and the world are still playing games…arab, african and other eoples around the world are dying,starving killed and being killed…and here we sit on our blessed assurances…and potificate and Not band together and show up in washington and tell the eclected…that we the people are mad as hell and we aint gonna take it anymore…why is that ?
why are your or the next person’s thoughts ideas and etcetera more valuable than some homeless cold hungry street person’s
is ? Why is it a broke and wounded body of a soldier,a civilian who happened to be in the wrong place at the wrong time…are noy giving the same consideration ? Are we ” american populists” so self propagating” that we forget there is more than just “me,myself,and I” out here…sure it is easy to give lip service to this or that cause…fpr this or that group or situation…but let us remain focused on ficxing what is wring with America..usung what is right with America…and AFTER we the people Get our OWN HOUSE in order…then we can all get on our soap boxes and flex our rights till we are blue in the face…if anyone desires to contact me via email, please feel free to do so……i have left for the site to use…but seeing i am a “thorn” for some or many of the author’s here aside from Michael…no one has bothered withthis fly in thier face aside from brushing me aside…so they as it is their God Given ( gasp i said that) right to do so…just as i have…this hamster cage wheel will continue to go round and round…and still go now where…totally amazing isn’t it ??? The we the people wonder why nothing of substance get’s done politically in and with the Populkist party…but that’s for another time and day…isn’t it ?
Steve, look a little closer – Peter Schiff has been out there for a number of years protesting all this nonsense- and predicting just what has been coming in the economy too.
Guess what, he was Ron Paul’s economic advisor on his 2008 campaign team too. You might want to pay attention to what he has to say.
http://en.wikipedia.org/wiki/Peter_Schiff
He’s got some great commentary from interviews on CNBC, Fox, CNN, and on and on and on. Take a few and watch some – and pass them around so people can learn:
http://youtube.com/user/PeterSchiffVideos
Thank You Spoonrite…I do stand corrected ! Have a good week….
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