Silver and gold rushed to new highs as the fed announced it will print 600 billion more dollars to buy a bit more of the federal government debt.
How many realize that when Obama took office, that there was only 800 billion dollars in circulation? Worldwide? Now, with this additional 600 billion, the fed will have printed over 2.6 TRILLION new dollars to add to that 800 billion already in circulation.
There is now three times as many dollars chasing the available goods and services that there was just two years ago.
How do you spell I N F L A T I O N?
Coming soon to a wallet near you...
H Y P E R - I N F L A T I O N.
Wowzers, folks.
The very minute China quits buying our debt, the game's over, and then a wheel barrel full of cash won't buy you a decent meal.
You're gonna love it... Ask the Germans.
But Obama and his buddies will have the solution... A new world currency!
You're gonna really love that.
1 comment:
Oh please...That and $25'll buy ya a cup of coffee!
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