Semi Standard news, MSN Money, is starting to catch on about the Federal Reserve, the Bailouts, the Counterfeit zeroes.
He’s not the most articulate guy ever, but P1 is right on. The article tries to cover too many topics at once, P1 alone would have been a good article alone. Also, he misstates the Debt acquisition by the Gov, its not a net of 5T, thats the gross. Its probably more like net 1T, so it doesn’t make sense to say the gov just added 5T in debt. He does talk about the money supply, which I like. But my other point is….how do we know that the Fed will try to cover this with bond debt? How do we know they just won’t create the numbers, with counterfeit zeroes? They seem to have that power, and seem to be doing it. Also, when he talks about the Gov. losing its AAA credit rating, he’s right on too. How is the government creating counterfeit zeroes any different than a con artist creating counterfeit currency?
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