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If we keep buying our own debt (printing money out of thin air) how long before Inflation and hyper inflation will began?
Are you teling me if I take $20 out of my left pocket and put it in my right pocket I'm not $20 richer?
The young people who voted for Obama have no idea what inflation is or what coming down the pipe next. I've actually had to explain how this affected our lives back in the late seveties to young persons. Anyways, aside from the fact that it will seriously damage our standard of living, It will be fun to watch the tards who told me the Republicans had no new ideas try to figure out how they are going to pay their bills this month and still eat.
Here's a new idea kids...
Dollars from dirt: Economy spurs home garden boom (http://news.yahoo.com/s/ap/20090315/ap_on_bi_ge/recession_gardening - broken link)
I'm planning a huge garden this year with lots of stuff that stores well like spagetti squash, acorn squash, melons, root vegetables, etc.
wonderful. Now on top of the tax increases such as cap and trade, my dollar won't be worth paper it is printed on.
Change you can believe in! (That's all you'll have left, pocket change).
"The U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion, an amount that approaches the value of everything produced in the country last year."
"The U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion, an amount that approaches the value of everything produced in the country last year."
Obama is destroying America. We're in trouble!
The deflationist nitwits will try to distract you from the truth and say Obama is just replenishing the "lost wealth". It doesn't work that way, as you cannot simply print your way back to a prosperity that was based solely on false paper wealth.
The deflationist nitwits will try to distract you from the truth and say Obama is just replenishing the "lost wealth". It doesn't work that way, as you cannot simply print your way back to a prosperity that was based solely on false paper wealth.
Change!
Right you are!
Hyperinflation is on the way...and destruction of our country has begun thanks to Fraud Obama.
Dealers submit no bids in $ 25 bln Treasuries auction april 2, 09
NEW YORK, April 2 (Reuters) - Dealers did not submit any bids for the $25 billion of Treasuries offered in the Federal Reserve's 28-day Term Securities Lending Facility auction on Thursday, the New York Fed said on its website.
The lack of bids compared with a bid-to-cover ratio, a gauge of demand, of 0.12 in a similar auction on March 19.
Dealers can lend out the Treasuries in exchange for short-term cash loans in the U.S. repurchase market, to help shore up balance sheets that have been eroded by the global credit crisis. (For more, click on: here) (Reporting by Chris Reese: )
Dealers submit no bids in $ 25 bln Treasuries auction april 2, 09
NEW YORK, April 2 (Reuters) - Dealers did not submit any bids for the $25 billion of Treasuries offered in the Federal Reserve's 28-day Term Securities Lending Facility auction on Thursday, the New York Fed said on its website.
The lack of bids compared with a bid-to-cover ratio, a gauge of demand, of 0.12 in a similar auction on March 19.
Dealers can lend out the Treasuries in exchange for short-term cash loans in the U.S. repurchase market, to help shore up balance sheets that have been eroded by the global credit crisis. (For more, click on: here) (Reporting by Chris Reese: )
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