Our economic troubles look more ominous each passing day. How many of your friends, coworkers relatives are losing their jobs and how many houses near you are for sale, foreclosed on? How much more are you going to pay for food gas and energy? When is our state politicians going to add new taxes and start closing schools, firehouses and let go policeman?
The facts are our congress are leading America into financial crisis and our media paints a rosy outlook. What they are doing to the dollar should be criminal. The more dollars the Federal Reserve creates, the less your are worth.
Fed wanted to lower the interest rates, more bank lending, more money flowing through national economy, and more printing spree has done nothing to increase spending. They say our government can not let our banks fail, but every time we bail them out it’s us that has to pay the price. Ron Paul warned us “we got to stop printing money that we can not back, it’s destroying the value of the dollar”.
Painted into a corner best describes the Fed today.
Fed’s can’t reverse it’s extreme policies without risking the entire US Banking Industry. By shooting interest rates down so low, Fed chairman Bernake has strangled buying power out of our dollars with every purchase we make. It’s robbery, brought on by the supposed government experts who should have the answers in the first place. It’s only a matter of time before The American people wake up with a vengeance.
Politicians are now openly examining the probability of states declaring bankruptcy.
A spiraling deficit means great pressure on the Fed to by Treasuries, more bailouts lead to wider deficits, lead to a deader dollar. By 2012 an economic uprising could be very well under way, violent protest and food riots and the list goes on and on. Banks are sinking faster than the Titanic these days and the Fed will have to inject a few hundred billion more taxpayers money to just keep their equity positive, and that just makes me plain sick.
Our politicians have no problem spending our money and creating huge deficits that eventually we’ll default on , just a matter of time, but for the life of them they can’t come up with a decent proposal on cutting our deficit. All they know is spend, spend ,spend.
Our economic troubles loom greatly on Americans.
Stop the printing of money and the artificial suppression of interest rates. Return to hard money. Allow interest rates and market prices to again reflect the true extent of voluntary savings, and to thus allow the liquidation of the accumulated imbalances from previous money expansion.
Ron Paul said Americans will either reject Barack Obama’s plans for more government spending as a way to fix the economy, or face a future filled with governmental tyranny.
40 years ago, one man uncovered a secret so shocking it changed his life forever. And while he tried to warn us, most Americans refused to believe him.
Today, his frightening predictions are coming true…