What happens when Obama keeps telling the Federal Reserve to Print and Print and Print, just like Bush did?

I guess in reality our government cannot go bankrupt - they just keep printing money. If they have bills they can’t pay - well, they just print the money. I don’t think any American would go bankrupt if they could print money --- “Oh boy, the bills are piling up dear - better go down to the basement and print up $10,000″ - that would be nice! But this is exactly what our government does!

As of October 2008 our country’s debt was about $500 Billion. Today, three months later the debt has almost TRIPLED. It now stands at $1.2 Trillion. So what does our government think they should do. Our government believes, Obama believes - that we should SPEND our way out of this economic problem. Who solves a debt problem by spending more money! This is insane. Let the economy fail where it may and then it shall grow again - not before. o_O

I'm pretty sure it's the Fed that controls how much money is prnted since the Ruling Families who OWN the Fed are responsible for that sort of thing. The FED is privately owned so why would they listen to the President.

The FED however DOES sell money to the White House for really good rates ... all the gov't has to do is pay the interest on the newly printed money and then they get the money, but then it's also added to the National Debt which is charged interest down the road and into perpetuity until it is paid off, which cannot happen if we expect to pay the interest ... which is astronomical.

I believe they are trying to introduce a bill whereby Congress can control the amount of money that is printed b/c they want to stop it and only use it when it is desperately needed, like now.

There is a story that explains it and how the FED was formed by the Families in Power, The Bush's, The Rockfellers, etc ... in this website .... www.AskTheDragon.ORG. There is a LOT of info there but you want to get down to one of the "threads" ... I think I saw it about 1/2 down or maybe near the bottom. If you can't find it, email me and I'll get the link for you.

I AM

Dartagnon

It does not matter who orders Federal Reserve to print more money, we are certain to have a skyrocketing inflation in 12 to 18 months. By that time, we will see far worse economy disaster than what we are having now.

No one knows the future for sure but if Bush was printing and spending to much, and it wasn't a good thing, I'm not sure why doing even more of it at an even higher, record setting, pace is a good thing.

Read the Federal Reserve Transparency Act (HR 1207) Sign the petition

Go Google IT!

There will be massive inflation there is no doubt but I wish I knew the exact time. The way Obama is spending money and printing money. Let alone borrowing money in which we will have to pay back with interest will be the down fall of America as we once loved. And our children and grandchildren will be taxed so much that there checks will only be reflected to about 30 % of what they normally would bring home. But the basic items will be sky high they would have to save money if at possible to buy basic needs in order to survive.

that's right...blame Bush! here is a story for ya!

It is a slow day in a small town.

It is raining, and the little town looks totally deserted.

Times are tough, everybody is in debt thanks to "Winds of Change", and everybody lives on credit if they can get it. On this particular day a rich, young, northern, dem. senator, out on the campaign for the next "Big" election cycle, is being driven through town.

He enters the only hotel in the sleepy southern town and lays a hundred dollar bill on the desk stating he wants to inspect the rooms upstairs in order to pick one to spend the night.

As soon as the rich, young, northern, dem. senator walks up the stairs, the hotel proprietor takes the hundred dollar bill and runs next door to pay his debt to the butcher.

The butcher takes the $100 and runs down the street to pay his debt to the pig farmer. The pig farmer then takes the $100 and heads off to pay his debt to the supplier of feed and fuel.

The guy at the Farmer's Co-op , a dem. and all around low life, takes the $100 and runs to pay his debt to the local prostitute, who has also been facing hard times and has lately had to offer her "services" on credit.

The hooker runs to the hotel and pays off her debt with the $100 to the hotel proprietor, paying for the rooms that she had rented when she brought clients to that establishment.

The hotel proprietor then lays the $100 bill back on the counter so the rich, young, northern, dem. senator will not suspect anything.

At that moment the rich, young, northern, dem. senator walks back down the stairs, after inspecting the rooms.

He picks up the $100 bill and states with arrogance, that the rooms are not satisfactory to his high Chicargo standard...... Pockets the money and walks out the door and leaves town.

No one earned anything. However the whole town is now out of debt, and looks to the future with a lot of optimism and "hope".

That, ladies and gentlemen, is how the United States Government is conducting business today under our new, rich, young, northern, dem. president.

If that doesn't scare the heck out of you, then I don't know what will.

You are talking about paper money right!? What's backing it up? Not our gold, I hope! Look what happened in France when it's coffers ran dry! Revolution! Someone should tell Obama and all these Governors who are raising taxes and everything else - you can NOT get blood out of a stone! If everyone looses their jobs, who is going to pay the bills? Are we going to have one President and fifty Governors running the country? Forget the lobbyists and bankers etc, with no money flowing (they ran out of paper and ink! LOL!) what do we do then!? Do we become hunters and gatherers like when the world was young? Maybe we could learn from the Amish! They've got the right idea!

Print, Print, Print is obama's baby! Bush had no part in it in his 8 years in office! Sorry.... you cannot blame Bush for that!

Are you saying that George Bush economics is the same as that of Barack Obama? They are opposite in the political spectrum mind you.

Barack Obama program is for creating jobs. Bush was based on giving money to people to spend it on eating pizza and ice cream.