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Yesterday the Federal Reserve orders the Treasury to...?
print $1 Trillion to cover Congressional Spending! This is essentially paying for your mortgage by using your over-extended credit card.
Will ANYBODY join me in writing your Rep and Senators and DEMAND they stop spending our money that they(we) don't have?
Wow! there is so much mis-information here. It is DEFLATION(Hyperinflation) not inflation when you print unbacked currency.
gomanyes: you are just an idiot, Treasury(US Mint) prints money, Fed is just a group of semi-nationalized banks.
I give up, it is hopeless, we are DOOMED. Liberal mind-numbed, uneducated mush...
20 Answers
- Anonymous1 decade agoFavorite Answer
In one year we will be paying $20.00 for a gallon of milk! We are really screwed! This has NEVER worked in the history of mankind. NEVER!
What can we do?
http://en.wikipedia.org/wiki/Hyperinflation
**imc01** This is NOT spending. This is printing money, which will make the value of the dollar worthless.
- RubyLv 61 decade ago
Yep...the politicians and mainstream media are keeping us distracted with the relatively minor amount involved with the AIG bonuses.
The distraction was effective ... most of us didn't notice that news yesterday, the Federal Reserve devalued the currency.
....and it's only a start.
What will hurt you and your children more over the long term - the AIG bonues or loss of purchasing power of the dollar?
can you say H Y P E R I N F L A T I O N ?
this is only the beginning ... there are many more trillions yet to go.
- Anonymous1 decade ago
Good luck with that, but the only way Congress can stop the Fed from running the printing presses is by nationalizing it.
- Vote RepublicratLv 61 decade ago
This is why Thomas Jefferson and Ron Paul warned about central banks.
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- Anonymous1 decade ago
This country is heading for dissolution.
Obama will be remembered by history as the President who finally destroyed the once great nation after a century of failed leadership.
- Anonymous1 decade ago
Uh, no they didn't. The Federal Reserve prints money, not the treasury. Quit your blabbering.
- Anonymous1 decade ago
Nazi Pelosi, Comrade Obama and his tool Geitner are unstoppable. They could care less what their detractors think.
Better plan a garden this summer and can a lot for the next winter.
And buy a gun. You are going to need it.
Congress is out of control.
- 1 decade ago
Yes. This little tidbit was overlooked by the media. We are so screwed. This is the last step towards Zimbabwe. Can this administration get any more incompetent?
- Anonymous1 decade ago
No it's more like printing money out of thin air and charging the American people interest on it
- Anonymous1 decade ago
Even sense the Republicans got rid of the gold standard it don`t matter how much we print. But I guess if the spending stops failed capitalisem from harming anymore humans then so be it. Nobody likes a cast on their leg.
