I agree with that honda. It appears that their plan to turn as much counterfeit paper into assetts before they inflate our money to worthlessness is unravelling.
- Just in case you thought I was crazy in my last post. Here it is right from the source. The private Federal reserve counterfeits the money and lends it to the USG at interest who then gives it to the bankers who will then through Tarp, Talf etc. buy up assetts, when they buy a winner they keep it and if they buy a loser they turn it over to the USG. They end up with all of the assetts, while printing away and inflating our savings to zero.
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CNBC
July 13, 2011
Federal Reserve Chairman Ben Bernanke told Congress Wednesday that a new stimulus program is in the works that will entail additional asset purchases, the clearest indication yet that the central bank is contemplating another round of monetary easing.
Bernanke said in prepared remarks that the economy is growing more slowly than expected, and should that continue the central bank stands at the ready with more accommodative measures.
“Once the temporary shocks that have been holding down economic activity pass, we expect to again see the effects of policy accommodation reflected in stronger economic activity and job creation,” he said
“However, given the range of uncertainties about the strength of the recovery and prospects for inflation over the medium term, the Federal Reserve remains prepared to respond should economic developments indicate that an adjustment in the stance of monetary policy would be appropriate.”
Full story here.
