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Saturday, August 15, 2009
Government Hyperinflation Tactics
A very dangerous thing occurred last Thursday and Friday. The Federal Reserve monetized roughly 40% of the nation's enormous debt. This means that the Fed printed money to flow into the economy in order to cover over 40% of the debt burden the U.S. now carries.
Within days the U.S. government quickly sold off this portion of the debt, creating even more debt, leading Treasury Secretary Timothy Geithner to request from Congress a lifting of the debt ceiling so that we could cover our obligations. That, of course, will create even more debt.
This economic shop talk may sound like gobbledygook to most average citizens, like myself. But the bottom line is that what the Fed did last week will create what is known as 'hyper-inflation.' The cost of goods and services rises so fast that average citizens can't afford the basic essentials of living.
However, the dirty little secret among economists and government bureaucrats is that what's bad for the citizens in this scenario is actually good for the government. In a hyper-inflation scenario the government makes more money due to the tax structure being based upon percentages. Thus, the government makes more money without having to enact an official tax increase.
In a free, Constitutional Republic, a very careful balancing act must be undertaken by government in this situation. The amount of hyper-inflation that benefits government must be carefully balanced with the tolerance level of the public for the ever-rising costs of goods and services, or else the citizens will vote out every politicians who contributed to this dastardly plan.
The salient point here, though, is that we are headed for a round of heavy hyper-inflation. We'd better get set.
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This article is largely correct, but saying that the government monetized 40% of the debt thursday and friday doesn't make sense. They are monetizing the debt, to the tune of trillions of additional money, but not all at once as this man claims. Something tells me he lacks reading comprehension skills.
ReplyDeleteHowever, by September 30th , now made October 30th, the FED will monetize 2 trillion dollars by purchasing Treasury notes via sleight of hand conduits. Most economists know this already.
Basically, there is no 'Obama' plan for the economy. What there is is a Rothschild/Rockefellor/Kissinger NWO plan for reducing America to a steaming pile of rubble so eventually our country can be 'harmonized' with the rest of the un-free world.
I disagree. The NWO plan implies worldwide control of the situation as there is no point in devauling the US if China merely uses the opportunity to take over as the NWO doesn't have the same control of China heirarchy. It would be foolish to compromise the US banking control via the US being the fiat currency. Instead, it is merely politics as usual of pushing problems into the future. The NWO is merely showing that it really has no teeth since it can't even prevent the US from financial collapse in spite of the control it has.
ReplyDeleteRandomCrap, I think you misundeestimate the amount of control the NWO clique has over China already.
ReplyDeleteYou say 'the NWO has no teeth', you're repeating a self made mantra of safety and comfort? Obviously, the NWO has teeth to have orchestrated the past two world wars rather succesfully.
I suspect we're being herded into WW III as we speak.
I just bought a T-shirt (& beleive me, I am very broke), so NOW PLEASE GO AND BUY ONE!
ReplyDeleteHELP THIS GUY OUT! This blog is one of the absolutley best around, I come here several times a day.
PLEASE HELP OUT AND BUY A T-SHIRT!
Let's keep this guy alive!
Octaviameister
The CIA's revolution petered out in Iran this year just like it did in Venezuela in 2002. The monetary hitmen have failed, the next NWO move will be a false flag to get a war going in Pakistan or Iran. Not enough profits rolling in from the various occupations or genocides lately.
ReplyDeleteAs for hyperinflation, most debt is on a 'variable' interest basis so the banksters can still get paid, including the billions in ARMs. If you have credit cards you'll notice that you have been getting little notices that say changes are being made to your credit agreement. Most of those wonderful changes are for their benefit of course such as instantly adjusting your rates based on Fed rates. Taxes, of course, will self adjust. The mafia needs their cut.
Protect thyself.
I like Bob Chapman. He just tells it like it is without the political distractions and nonsense. Like a mellow version of Gerald Celente.
ReplyDeleteOur owners do make mistakes.
I think Gerald Celente just reads Bob Chapman and then parrots it as if he thought of it himself.
ReplyDeleteNWO is being run by old men who don't understand the technological reality of the current generation. It doesn't control China, it's a racist group that until the last few years totally discounted China as ignorant. What you're seeing is not the NWO's plans coming to their conclusion but a collapse of them. Mark my words... I personally welcome our new Chinese rulers.
ReplyDeleteRandomCrap, I think you're living in a comfort bubble of ignorance.
ReplyDeleteThe clearly stated goal of the NWO is to destroy America as a sovereign nation and to raise china as a world power.
That's precisely what is happening now.
Perhaps you work for the NWO as a shill?
If I was a shill for NWO, I'd let you know that you should do a better job at trying to remain anonymous.
ReplyDeleteOooh so scary. I got a knuckle sammich for you. Come and get it.
ReplyDeleteSince when are knuckles made out of lead?
ReplyDeleteHeh heh heh
There's some people that visit this site that take life (and NWO) far too seriously.
ReplyDelete