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As the election grows close, the Fed is acting to inflate the dollar – just in time to try to save President Obama.
Back on July 17, Sen. Chuck Schumer (D-NY) revealed the Democrats’ agenda for the economy: inflation. “Despite two false starts, we’re having a much rougher time than we ever imagined getting unemployment down,” Schumer told the Senate Banking Committee. “So get to work, Mr. Chairman.” Bernanke, said Schumer, should act before November.
“We will act in an apolitical, non-partisan manner to do what is necessary for the economy,” Bernanke quickly responded. “We have said we are willing to take further action.”
As the election grows close, the Fed is acting to inflate the dollar.
ht/ norman einstein
Weldor
August 23rd, 2012
Too late.
It won’t matter.
We’re winning.
Hold the line.
chiefillinicake
August 23rd, 2012
Weldor’s right.
Hooold…Hoooollllddd…HOOOOLLLLDDDD…
NOW!!!!!!!!
Nutjob
August 23rd, 2012
Did bernanke misinterpret the slogan from Dorritos corporation on the economy?
You know the salespitch we’ll make more..ie we’ll make more print more?
and to think Greenspan got a 400 million dollar golden parachute when he retired, The fed is paying this dumbshit for gradeschool antics when dealing with the livleyhood of our future, and the economy.
For a cool 20 million I’ll tell them what not to do. Then my first order of business would be an audit of the fed, confiscication of stolen assets, prison time and then disbanding of the federal reserve.
You heard it here first….Nutjob for Chairman of the Federal Reserve.
Stranded in Sonoma
August 24th, 2012
@Nutjob — Thought about this very thing alot. The first order of business is to stop the printing presses. Obama has printed enough federal reserve paper to last this country into the next millenium. Second is to order a local Marine detachment to each of the 12 major fed banks and the 24 secondary fed banks. They all move at the same time. Just hold the place; no one in or out until the auditors get there. Then we find out exactly how much of our wealth the unconstitutional federal reserve bank has confiscated. After that it’s just a matter of dismantling the fed and returning all assets to the taxpayers.
Tony R
August 24th, 2012
What…Greenspan got $400M and all he has to show for it is that butt-ugly, dried-up hag? I guess $400M doesn’t go as far as it used too, huh Alan?
Dismas In Wonderland
August 24th, 2012
Under my policies the cost of everything will necessarily skyrocket . . . Buraq Insane MaoBama.
Drackxman
August 24th, 2012
And now the dunb bastard wants to open up the coasts and gulf to drilling for crude oil… It’s like dude, the horse has already left the barn.
We all know Barry hates America.
Golden Monkey
August 24th, 2012
I take it you folks are long long long Gold & Silver physical bullions and coins?
Six White Cadillacs
August 24th, 2012
his hollowed out tree canoe has already sunk.
Katechon
August 24th, 2012
I’m so convinced that the Fed will trash the currency that more than half of my net-worth is stored in physical gold & silver.
Six White Cadillacs
August 24th, 2012
You can’t go wrong with gold and silver.
Guns, ammo, toilet paper, booze, and cigarettes are a pretty safe bet too. Especially the guns.
tripseven
August 24th, 2012
“I take it you folks are long long long Gold & Silver physical bullions and coins?”
@Katechon Shhhhhhh…the feds might come confiscate it all LOL
Katechon
August 24th, 2012
@tripseven [poker player?] I’m not an American !! But a nomadizing Canadian.
Katechon
August 24th, 2012
The important during a monetary collapse and socialistic governance is to store wealth in order to preserve it troughout hyper-inflation.
Don’t try to speculate, try to preserve your wealth. We are in bust time.
Even in this deflationary environment (no consumer confidence, no private investment), we should expect hyper inflation soon… (because sovereignty are virtually busted and growth relies on government spending and net-exports…).
tripseven
August 24th, 2012
@Katechon Not a poker player…just arbitrary. Forgot you were Canadian. Sounds like you took Ann’s advice, no?
Katechon
August 24th, 2012
@tripseven
Yes, she rocks and I listen carefully when she speaks and writes. But I discovered her right not long ago, right after the MFG collapse.
I am learning about this monetary and fiscal crisis from Marc Faber and James Rickards and Eric Zulauf since 2008, since the collapse of Lehman Bros.
tripseven
August 24th, 2012
@Katechon I found Ann’s site thru a junk email that I thought to be unreal so I googled her name and was blown away at her bravery and intellect about the same time as you…MFG
It was her koran flamage that got me rolling along!
Bob M.
August 24th, 2012
Bullshit & inflation &… that’s pretty much the plan!
ir
Carlos The Jackal
August 24th, 2012
Sorry, Nutjob, and no offense meant, but there’s already a nutjob for Chairman of the Federal Reserve.
Carlos The Jackal
August 24th, 2012
@Six White Cadillacs,
Especially Ammo, because without it guns are just expensive paperweights for worthless greenbacks.
Tim
August 24th, 2012
I converted all my wealth to 5 Canadian Quarters, which I put in a jar and buried in the back yard.
Oh shit! Prolly wrote too much!