Welcome! Log In Create A New Profile Recent Messages

Deep Creek Hot Springs

The Moon is Full


Advanced

Re: SC88

All posts are those of the individual authors and the owner of this site does not endorse them. Content should be considered opinion and not fact until verified independently.

March 21, 2009 10:15AM
Hello Rick :-) In that last article which was titled, " US Federal Reserve announces massive increase in government debt " there is this later in the article, " But the announcement that the Fed would inject up to $1.15 trillion in additional funds into the US financial system—essentially printing that amount of additional dollars... " which agrees with your point. This money that the FED " prints " out of the thin air of the digital world is now-a-days backed by nothing of intrinsic value except for the quickly diminishing confidence that the US will honor is obligations and debts. These trillions of increasingly printed dollars also will exacerbate inflation. For decades we have also been borrowing more trillions of " digits " from countries like China and Japan, etc to fund much of what this country is doing these days. Today on CNN they cited a figure of over 11 trillion as being the current national debt. But when government entitlement programs and other goverment obligations are considered, the actual national debt is over 60 trillion. Various articles are suggesting that this debt ( which continues to spiral out of control ) can never possibly be repaid, entitlement programs like social security will fail. Other articles say the US will relatively soon default on its national debt. We see that these trillions in FED printed money and more trillions of borrowed funds gets piled on the backs of the working class and their future generations as obligations for them to pay, while the American ruling class continues to rig the system in such ways that allow them to pillage and plunder the commons on a mass scale and avoid this debt. While the AIG bonus debacle and Maddoff's unprecendented sized Ponzi scheme are certainly worthy of great public angst, the trillions upon trillions which have been pumped by the FED into the system to save America's ruling class and their precious vehicles of plunder the mega banks is a monumental rip-off that makes the AIG and Maddoff thefts seem like a pittence in comparison. The US and world economies continue to head into the abyss, and all the FED bailout trillions have done is cover the asses of the Elite Pirates who's fraudulent economic systems brought us to these precarious economic times.
SubjectAuthorViewsPosted

SC88

Wizard 900March 15, 2009 03:37PM

Re: SC88

Wizard 614March 15, 2009 04:22PM

Re: SC88

Wizard 530March 15, 2009 04:51PM

Re: SC88

Wizard 505March 18, 2009 04:27PM

Re: SC88

Wizard 600March 18, 2009 09:59PM

Re: SC88

Wizard 723March 19, 2009 09:18PM

Re: SC88

Wizard 482March 20, 2009 08:12PM

Re: SC88

Wizard 1141March 20, 2009 08:48PM

Re: SC88

Rick 573March 20, 2009 09:40PM

Re: SC88

Wizard 560March 21, 2009 10:15AM

Re: SC88

Wizard 550March 21, 2009 10:54AM

Re: SC88

Wizard 619March 22, 2009 10:30AM

Re: SC88

Wizard 503March 22, 2009 11:18AM

Re: SC88

Wizard 580March 22, 2009 02:56PM

Re: SC88

Wizard 1067March 22, 2009 09:47PM



Sorry, only registered users may post in this forum.

Click here to login