We can thank the Federal Reserve (private bank), for what we are more than likely heading for, before the end of this year.
According to several economic experts, we will be experiencing hyperinflation. The reason for this is that the Federal Reserve has been printing an excessive amount of money out of thin air, which isn't backed by anything tangible, because 'money is NOT, backed by gold, or any other precious metal but, instead, is backed by faith. The money is, in other words, as good as people believe it is good. People are generally educated to regard money as a precious commodity in itself by virtue of the amount needed to purchase desirable and needed items', but as they keep printing more and more money, the value of the dollar keeps dropping, therefore causing the prices to go up, which then requires more of our hard earned dollars to purchase these needed items, such as, milk and gas.
With all that aside, Just the other day, VP-Biden made the statement that he and the Obama administration misread how bad the economy was.
http://apnews.myway.com/article/20090705/D9988KSG0.html
All I have to say about that is "OH NO!!!, NOT ANOTHER GOVERNMENT STIMULUS PACKAGE!!!"
Printing more money, or over taxing the population isn't going to fix this mess caused by greed. More greed is bad ... Less greed is good.
The videos, which I included with this blog, are disturbing because this inevitable hyperinflation, could have been avoided, if certain individuals (you know who you are) wouldn't have gotten as outrageously greedy as they had been during the past 8 years.As always, don't be afraid to leave a comment.
Dollar affects the pound, pound affects the Euro.
ReplyDeleteBusiness wants profit at the expense of the worker/slave.... slave works for a pittance.
Me/You,all to keep the rich in comfort.Wealth is not shared back into the community, only back into the industrial machine, to make yet more money.Workers laid off, making way for new technology.Workers now at the bottom of the barrel (unemployed)
Vicious circle.Another example shut down the factory,(reason) too expensive to run.Then move it lock stock to a country that will work for peanuts.... Make me sick, the lot of them.
Best if we could find a new way of living,so we don't have to rely on money.... isn't the federal reserve an illegal institution btw.
I myself can barely afford to live in a proper manner these days.... things such as toothpaste and soap have become quite a luxury.
(Single Parent)
Damn them all
Regards Ray
(rizze) D.T.V
http://www.youtube.com/watch?v=YGAaPjqdbgQ
ReplyDelete