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"Where is all of this money coming from?"?
the Obama administration is embracing massive inflationary deficit spending.
In just 100 days, Barrack Hussein Obama has more than doubled the U.S. money supply . . . committed the government to at least $7 trillion in new spending . . . and warned the American people to expect trillion-dollar deficits for the foreseeable future.
While the media has been falling over itself to praise Obama's "bold initiatives," the question no one has been asking is, "Where is all of this money coming from?"
Milton Friedman a famous Nobel Prize-winning economist.
stated in his book "Money Mischief:
"The fate of a country is inseparable from the fate of its currency."
"Inflation is a disease, a dangerous and sometimes fatal disease that, if not checked in time, can destroy a society."
You need to find out what is really happening to our economy and your wealth.
5 Answers
- ClanManLv 71 decade agoFavorite Answer
The only ways to pay off their debt are inflation or bankruptcy.
I think they will destroy the dollar before they declare themselves bankrupt. That way we all pay more.
- Anonymous1 decade ago
Imagine that our dollar is based silver. That has been done.
Now think of our dollar as it has been based on gold. That too has been a part of our economy. After those two basis for value came the labor economy with a gross national product, the job market and a few more variables added to determine the dollar's value. Now that all of those have been exhausted we have only credit to turn to. We will say that if so much money is in existence then we we will be able to do thus and so. That is the ultimate credit value. What will be done and how much money will be needed is still being decided. The return on the credit investment will be the yield the investments are able to produce.
Better health, more jobs, more production, and longer living are the key variables at this time. Longer living means Social Security will not be tapped at an early age any longer. Who will be able to enjoy their retirement at the age of seventy is the big question. Now I wonder where the money is coming from.
- 1 decade ago
Of course inflation is a problem. It is the invisible tax that no one ever watches. The thing that a lot of people are not talking about is that Obama did not create this problem. Bush wrecked the economy and now it is going to take some serious work to fix it. He has 8 years of problems to fix just to get us back to were we was before.
- ?Lv 51 decade ago
'The immediate creation of false wealth may be necessary to obtain legitimacy in a global economy.' What other thing can Obama do other than to continue, hopefully only for a time, the practices of the Conservative administrations that preceded his? Will mirrors and smoke work in the long run- definitely not!
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- Anonymous1 decade ago
GOOD QUESTION OBAMA HAS TO DO WHAT HE IS TOLD OR HE WILL DIE HE'S WITH THE ELITE GROUP AND HE'S PART OF BUILDERBREG.
Source(s): GO TO ALEX JONES.COM