Saturday, February 26, 2011

OBAMA LIES ABOUT ECONOMIC RECOVERY! FELONIOUSLY PRINTS MORE MONEY!

Submitted by: Donald Hank

When you increase the money supply without adding value to the economy, you get a watered-down money supply. It's like adding water to the soup but no other ingredients.
The Fed did that in the last few years -- an act that should be illegal and punishable under criminal law -- and called it by a spiffy euphemism, Quantitatve Easing. They printed trillions and the net effect was that just the second such adventure (QE2) cost US households $4.6 trillion.
According to a graph emailed to me by a friend, the QEs doubled our money supply, which theoretically, should eventually cause a dangerous wave of inflation. Prices are up worldwide already. Here in Panama, some steel products used in building construction doubled in less than a year.
We are reliving the Weimar Republic, when people took their money to the bank in wheelbarrows, literally.
How will this help?
It will help implement the UN Agenda 21, aimed at reducing population growth (under another spiffy euphemism: Sustainability). Your children aren't supposed to be able to afford to have a family. Families are for the Ruling Class only.
Oh, and QE1 and QE2 will make a few fabulously rich bankers even more fabulously rich.
Do you feel better now?
BTW, neither political party seems to care. Which is why we must do our level best to keep RINOs and Washington insiders from getting elected to public office. Beware in particular of those "renegades" who reach across the aisle and into your pocketbooks. You may also want to avoid candidates who have run on a presidential ticket with one. Beware in particular of the presidential hopefuls promoted by the mainstream "conservative" media.
No more business as usual. Your job and your children's future depend on cleaning out Washington.
Don Hank (see below) 

You may be interested in the following screen shot.

From http://research.stlouisfed.org/fred2/series/BASE:



Is it reasonable to claim that the current recession does not exist and actually came to an end in 2009?

At any rate, I hope that they will not resume printing more money at a high rate.  That solution did not work for the Weimar Republic.

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