Discussion in 'Election Forums' started by Contumacious, Sep 13, 2012.
Monetizing debt is not good for the economy.
The federal reserve is out of ammo. Obama is a failure, but this isn't an admission to that. This is the federal reserve signaling they are willing to destroy the dollar in order to bail out banks because they have no other way of dealing with the monetary crisis they created.
In other words, Ron Paul is going to get his wish by default. The federal reserve is goign to abolish itself. We just have to go along for the ride. In positive news, gold and silver will soar due to all the cheap currency.
We've been monetizing debt - both public and private - for a century.
The economy will remain sick as long as politicians are able to fuck around with the same and the Federal Reserve Board exists.
Nah, the Board ain't going nowhere, and you are not in jail. Life is good for you. Quit squawking.
Obama is about as responsible for this as Bush was for driving hurricane Katrina into N.O. with his weather machine.
Give it a rest.
The argument should about the validity/solvency of the fed doing this, not accusing the POTUS of making it happen.
Has Romney ever suggested that the FRB be abolished?
It bought him another credit downgrade....
Buying a LOAF OF BREAD during the German Hyperinflation
Yes but have you even bothered to do the math?
America = 74 trillion in assets.
Bond buying program 40B per month or 480B per year.
480B/74 trillion = .64%
So your "hyperinflation" comes out to well less then 1% per year...
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