The Fed is creating a crisis that will be even worse than the Great Depression.
Related Interview with Peter Schiff (12/13/08).
When the dollar is starting to fail commodities will skyrocket.
Watch Gold, Silver etc. closely now.
The dollar is soon as good as toilet paper.
Ron Paul, Peter Schiff and Jim Rogers warned a million times about this.
And remember that for all the people who lose their money and their homes there is always someone who profits from that, because these assets do not just disappear into the void. So who profits?!
I am not saying like many others that Ben Bernanke and Hank Paulson do not know what they are doing. They know exactly what they are doing and they do what they are told to do by their elite masters. (Look who founded the Federal Reserve and why. You may watch Zeitgeist, The Movie, Final Edition Part III of the movie which starts at 1:14:30.)
Bush, Obama, Bernanke and Paulson are all puppets. Nothing they do is really for the people, absolutely NOTHING.
Even if they create a stimulus package and give you a check they know that that money has to be paid back with interest and that it will be the taxpayer who has to pay for it all.
All they do now is destroying the dollar, the economy and the middle class. I have studied economics and I can assure you that it can be easily proven that stimulus packages only have a short term effect and that they have very harmful effects in the long run.
If you want to look good in the short term like Mr. Obama than a stimulus package is just fine. I even seriously doubt that it will have much effect because the US are broke. The stimulus package has to be financed and there is not much confidence left that the US can pay all that debt back. So nobody will soon be willing to buy US bonds anymore and creating more money out of thin air will create another Zimbabwe.
The Federal Reserve Refuses to Disclose Recipients of $2 Trillion: Dec. 12 (Bloomberg) — The Federal Reserve refused a request by Bloomberg News to disclose the recipients of more than $2 trillion of emergency loans from U.S. taxpayers and the assets the central bank is accepting as collateral.
These people are the worst criminals on the face of the earth. The elite has planned this crisis so many years ago that you would probably not believe me. Here always comes the question: “But why would they do this?” For MONEY, POWER and CONTROL.
Jeffrey Vazquez looks at a television after the Federal Open Market Committee’s (FOMC) rate decision on the floor of the New York Stock Exchange in New York, on Dec. 16, 2008. Photographer: Andrew Harrer/Bloomberg News
Dec. 16 (Bloomberg) — The Federal Reserve cut the main U.S. interest rate to as low as zero for the first time and shifted its focus to the amount and type of debt it buys, seeking to revive credit and end the longest slump in a quarter- century.
The Fed “will employ all available tools to promote the resumption of sustainable economic growth and to preserve price stability,” the Federal Open Market Committee said today in a statement in Washington. “Weak economic conditions are likely to warrant exceptionally low levels of the federal funds rate for some time.”
Read moreFed Cuts Rate to as Low as Zero, Shifts Policy Focus