U.S. Treasury Secretary Paulson is now the most powerful man in the world, the son of Vishnu. "I am become Death, the Destroyer of worlds." We have only a few steps left, going the way of Paulson before our economy implodes. The money supply is growing at the rate of 14 to 18 percent, leading to hyper-inflation. Banks and investment brokerages are being bailed out at tax-payer expense.
This requires a further expansion of credit, injecting liquidity, creating more money. You just don't hear the printing presses running. He just gets Ben Bernanke to make journal entries on the books of the Fed. Presto, there is more money. Of course, that is not real money. It is non-objective money. It is not a medium of exchange whose value is traceable to a good that is and was traded in its own right (such as gold).
The banks are saved. Just a $700 billion is created and spent. National debt zooms to $11 trillion.
What happens next? Sallie Mae rescue? General Motors, Ford and Chrysler? National debt zooms to $12 trillion.
The dollar has already fallen by 95% since the Fed opened its doors in 1914. At the current true rate of inflation, the dollar will fall by half in the next five years. It won't take much to drive it down to ONE PERCENT OF THE ORIGINAL VALUE IN 1914.
The dollar will then be dead. Get ready for the AMERO! Get ready for the North American Union, the union of the U.S, Canada and Mexico.
In the process, everything whose value is denominated in dollars will shrink to near nothing. Unless you move your assets to gold! Force the return to monetary gold. Force the establishment of Objective Money!
Bookmark/Search this post with:
Recent comments
1 day 7 hours ago
2 days 3 hours ago
6 days 9 hours ago
1 week 3 days ago
2 weeks 5 days ago
2 weeks 6 days ago
2 weeks 6 days ago
3 weeks 2 hours ago
3 weeks 1 day ago
4 weeks 3 days ago