Thursday, December 9, 2010
Those who own gold and silver, thank you...
Feds QE2 Ponzi Scheme Sets HyperInflation Trend in Motion
So far, the Fed has injected $1.85-trillion into the money markets, under its QE-1 and QE-2 experiments, which in turn, have fueled huge parabolic rallies in key industrial commodities, such as cotton, copper, rubber, and crude oil, and jettisoned precious metals into the stratosphere. Soybeans have increased 30% under the influence of QE-2, and live cattle prices are at all-time highs. “If the Fed did not act, then given how much inflation has come down since the beginning of the recession, I think it would be a more serious concern,” Bernanke explained.
The Fed argues that QE is not inflationary, because the electronic money is sitting in the coffers of the banking Oligarchs, and isn’t circulating in the general economy. “One myth that’s out there, - is that what we’re doing is printing money. We’re not printing money. The amount of currency in circulation is not changing. The money supply is not changing in any significant way,” Bernanke said on Dec 5th.
Is the majority of the American public gullible enough to believe the Fed’s gimmicks? Unfortunately, the answer is yes. Most Americans haven’t even heard of QE. However, they are aware that the cost of gasoline is 50-cents /gallon higher at the pump, than it was a few months ago. But do they realize that the increase is linked to the Fed’s QE-2 scheme? Do most Americans realize that higher gasoline prices are paid, to fund the Fed’s insurance policy to prevent further job losses?
Link:
http://beforeitsnews.com/story/302/820/Feds_QE2_Ponzi_Scheme_Sets_HyperInflation_Trend_in_Motion.html
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