Over the last 9 months, the Federal Reserve has significantly picked up its pace to print massive amounts of fiat currency… known to all of us as the U.S. dollar. Predictably, it bought more than $600 billion of U.S. Treasury Bonds. Seems nobody else wanted to buy them from us (wonder why?).
Oh… by the way, from March 2009 to March 2010 it added $1.75 trillion to fund the outlandish criminal act called Quantitative Easing Part 2, which (if stopped as promised by the Fed) will drive the economy further into the tank and take the economic world, as we know it, down the tubes along with it.
This has set the stage for Quantitive Easing Part Three (just like reruns of a badly produced movie), which will be disguised and presented as their (the Fed) attempt to save us from the economic gloom and doom that they themselves have created. The end result is hyperinflation and the eventual demise of the dollar.
Let’s put this into context:
- Obama and his gang of scoundrels will spend $1.6 trillion more than they take in with taxes in 2011.
- Over 70 million people now rely on the U.S. government for housing, food and health care (something Obama is proud to proclaim as his socialist legacy).
- Over 45 percent of American households receive some form of direct government assistance (another Obama vision).
- 132,500,000 Americans pay no taxes at all.
- The top 10 percent of U.S. earners already pay 70% of the taxes (Obama wants to bleed this turnip some more).
- The economy continues to falter as Obama lies about its strength and the disease of unemployment.
