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alstry (35.62)

Fed Forecasting A Worthless Dollar????

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April 14, 2010 – Comments (2)

"The government's debt cannot grow indefinitely at a rate much faster than the economy itself grows, so ultimately, something has got to change — either taxes are raised, spending is reduced, or the real value of the debt is eroded through an increase in inflation, an outcome the Federal Reserve is committed to preventing." - Jeffrey Lacker, Richmond Fed

Both Wall Street's Debt and Government Debt is Growing at OVER 10X the economy, government and Wall Street workers are getting raises and increasing spending, that leaves only one possibility left.......

Without borrowing that money, there would not be much of an economy.

With massive debt, we can turn a pile of sand into a playground for the rich....Dubai.

With massive debt, we can make a money losing auto company seem profitable for decades...GM.

With massive debt, we can make many people in America think they are rich by owning treasuries, municipal and corporate bonds.....as the banks make massive fees infecting your accounts with these products that are now primarily being serviced by issuing more debt.

Here is a great example of what heppens when fees become more important than the investment:

Morgan Stanley Loses $5.4B In RE Fund: Biggest Loss In History!

Now most of our investment/retirement/and pension funds are infected with similar toxic investments.....

Now, unless we make money worthless......most investments in America could be worthless......Dubai or not Dubai??????

That is a question.........................................

 

 

2 Comments – Post Your Own

#1) On April 14, 2010 at 12:41 AM, alstry (35.62) wrote:

Why are Federal workers getting raises when their employer must borrow  money to pay them.......while private citizens faced with similar circumstances go bankrupt and get kicked out of their homes???

In The Great Depression, the federal government ran a surplus.

A similar argument can be made for Wall Street.......

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#2) On April 14, 2010 at 7:19 AM, alstry (35.62) wrote:

St. Paul plans to close eight schools

Detroit is closing half its schools.....same with Kansas City........practically every school district in America is shutting down  or contracting.....

Yet the federal government and Wall Street workers are getting bonuses????

Now the only question is how long can they keep siphoning money from our pension/retirement plans to pay themselves?

 

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