From:
Obama Defends Insane QE2 Takedown of Global Economy
(Infowars.com) -- by Kurt Nimmo --
In response to China and Russia complaining about the insanity that is QE2, Obama has defended the Federal Reserve. “U.S. President Barack Obama defended the Federal Reserve’s policy of printing dollars on Monday after China and Russia stepped up criticism ahead of this week’s Group of 20 meeting,” reports Reuters today. “I will say that the Fed’s mandate, my mandate, is to grow our economy. And that’s not just good for the United States, that’s good for the world as a whole,” Obama said during his extravagant trip to India.
Should we be surprised that Obama’s mandate is the same mandate of the international banksters that own the Federal Reserve and have pawned it off for nearly a century as an agency of the U.S. government? No, of course not. Barry Obama is a script-reader for the global elite. He will read anything that scrolls across his teleprompter.
As Michael Snyder of the Economic Collapse noted last week, many economists now believe that the Federal Reserve has crossed the Rubicon by announcing another wave of quantitative easing.
“Have we now reached a point where the Federal Reserve is simply going to fire up the printing presses and shower massive wads of cash into the financial system whenever the U.S. economy is not growing fast enough? If so, what does the mean for inflation, the stability of the world financial system and the future of the U.S. dollar?” writes Snyder.
It means the end of the dollar as the world’s reserve currency. It means another round of completely insane and suicidal debt ultimately owed to banksters.
According to the financial talking heads in the corporate media, printing money out of thin air and creating astronomical debt piled upon previously astronomical debt will stimulate the economy and get things working again. “The sad truth is that the Federal Reserve is not trying to build an economic recovery on solid financial principles. Rather, what the Federal Reserve envisions is an “economic recovery” based on new debt creation,” writes Snyder.
“If 1.8 trillion dollars didn’t work before, why does the Federal Reserve think that 900 billion dollars is going to work now? This new round of quantitative easing will create more inflation and will cause speculative asset bubbles, but it is not going to fix what is wrong with the economy.” In fact, it will make things worse, far worse, for the average citizen.
“Most Americans have absolutely no idea how fragile the world financial system is right now. Once the rest of the world loses faith in the U.S. dollar and in U.S. Treasuries this entire thing could completely unravel very quickly.”...MORE...LINK
FOR LIBERTARIAN NATIONALISM: ANTI-CORPORATIST, ANTI-COMMUNIST, ANTI-GLOBALIST...PRO-SOVEREIGNTY, PRO-POPULIST, PRO-FREE ENTERPRISE
My Other Blog & Comments
News and Information Feed
-
-
-
Trump posts Jonathan Turley one liner.46 minutes ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Eugen Dühring2 hours ago
-
-
-
-
Follow the Money2 hours ago
-
-
The complicated truth about being stalked2 hours ago
-
-
-
-
-
-
-
-
What An Incredible Hike!3 hours ago
-
-
-
-
-
-
-
-
-
A lesson in privilege4 hours ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Sunday, April 28, 20247 hours ago
-
-
-
-
-
Arthur Topham RIP - ZOG Opponent9 hours ago
-
-
-
The Scramble For Antarctica9 hours ago
-
-
-
The Collapse of The Enlightenment11 hours ago
-
-
-
-
-
-
News Briefs – 04/28/202414 hours ago
-
-
All About Ed16 hours ago
-
-
Washington Moves On to Plan B17 hours ago
-
-
-
-
Dying to Your Flesh – Session 221 hours ago
-
Ashes of Apathy in El Salvador21 hours ago
-
-
-
Moral Anarchy: An Understatement21 hours ago
-
-
-
-
-
-
-
Colleges revolts against Israel1 day ago
-
-
-
Month of the Leader, part 31 day ago
-
-
-
-
-
-
-
The Kim Iversen Show2 days ago
-
-
-
-
-
-
-
I Called It Five Years Ago!2 days ago
-
A Derb Tribute Show2 days ago
-
-
-
The dumbest decision.3 days ago
-
-
-
-
-
-
Democracy For Dummies5 days ago
-
-
-
-
-
-
-
-
Now Argentina Wants To Join NATO1 week ago
-
-
-
-
Tulsi Gabbard Left The Woke War Party2 weeks ago
-
-
-
-
Help Whatfinger Grow…4 weeks ago
-
-
-
Navigating Taxation Policy5 weeks ago
-
-
-
-
-
-
-
So sorry about tomorrow3 months ago
-
-
-
TFeed Index 20233 months ago
-
-
-
-
Headline 3: Of Christmas And Paganism5 months ago
-
Imagine Being This Desperate5 months ago
-
-
Hardcore7 months ago
-
Media Say ... Gloom And Doom In China7 months ago
-
-
U.S. Openly Militarizes Space8 months ago
-
-
-
-
-
-
Conversations With Cabbies10 months ago
-
-
-
-
Hegemon USA’s War on Truth-Telling11 months ago
-
-
-
-
-
-
-
-
-
Tips1 year ago
-
-
-
-
-
-
Man, Bear, Pig Event Coming1 year ago
-
-
-
-
-
-
-
-
-
What a Wonderful Stocking Stuffer!2 years ago
-
test2 years ago
-
-
-
-
-
#273 – Marc Randolph2 years ago
-
My Farewell Announcement2 years ago
-
My Farewell Announcement2 years ago
-
-
-
-
-
-
-
-
-
-
Farewell, for now3 years ago
-
-
Audio Book Lost Colony of Hatteras3 years ago
-
-
Cancel Yourself3 years ago
-
-
Hello world!3 years ago
-
-
-
-
-
-
The Non-Jewish Origins of Krav Maga3 years ago
-
-
-
Why the Marines are dumping their tanks4 years ago
-
-
-
-
-
-
-
Voxiversity Live Stream6 years ago
-
-
Home: A Recap6 years ago
-
Big Brother’s War on Cash6 years ago
-
-
-
-
By: Osamas Pajamas9 years ago
-
Join Our Mailing List12 years ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Monday, November 08, 2010
Script-reader for the global elite, Obama rubber stamps Fed and Political Class' insane plunder of $U.S. dollar
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment