This .wmv is shocking, but very true (unlike Al Bore's hysteria) yet people are more concerned with fakey-made-up crises like MMGW and are completely ignoring this very REAL crisis.
AND IT GETS EVEN BETTER! The FOMC is meeting again and 'floating' the idea of the Fed buying Treasurys because the US Gov't needs to finance its huge debt. This = printing even MORE money (devaluing it further).
I have to agree with Marc Faber (Dr. Doom) that the USG bond market is a disaster waiting to happen.
There is NO WAY the laws of financial gravity can be denied. We know that we cannot spend our way out of debt by going deeper into debt. (Don't try this at home, kids.)
Think zero interest rates are to help our economy? The likes of us? Think again: when interest rates are raised by the Fed to 'control' inflation, the cost to finance the raging public debt skyrockets (read: we're printing free money right now, but as % rates increase we'll have to pay more/print more to keep the ship of state afloat).
I've said it before, but it bears repeating: Think the Weimar Republic (Germany after WWI and before Hitler and WWII) and Zimbabwe (Rhodesia under Communism). HYPERINFLATION. Paper money so worthless the ink to print it is more valuable than the finished product is as a medium of exchange. Yikes!
Tuesday 17 March 2009
Reality is SO inconvenient...........from Rico.
From Theo Spark at 14:54
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