(And the effort begins… “Obama’s Stocks“? A Bloomberg “business” story with no mention of Inflation due to the Quadrupling of the Money supply. Drudge led with this today… And I’m following up with a purposeful repost from 011513)
What you are about to see…
In a couple of years or less there will be news stories touting the flood of new Millionaires. It will be attributed to the Brilliance of the President’s Socialist economic policies which are Keynesian in nature.
This will happen.
But what will be left out is that a Million dollars will buy you a loaf of bread.
While that will hopefully be an exaggeration, the cost of basic necessities has almost doubled since the President took office and there appears to be no end in sight.
The general public has… I would say “no understanding” but that might be generous… a negative, or less than any, understand of the relationship between a dollar and a dollars buying power.
One must first understand that the only reason a “Million Dollars” means anything is because of what it can buy… not because it’s a big number. I possess a Zimbabwe 1-Trillion Dollar note. This does not make me rich. It has no buying power, so aside from its representation of what we as a country are headed for, it has no value. It’s worthless. And… it’s WAY more than a Million Dollars.
We need to be ready for all the stories about recovery using inflated dollars to substantiate them. I hear the presses being inked as I tap this out.
Considering the Left is willing to equate anyone trying to stop irresponsible spending and the subsequent destruction of the greatest nation on the planet to slavery… you know the stories are being written right now.
Because no one wants to read about economic collapse…
Get your wheel barrows ready… you might have to go to the store for bread.
But we’ll be Millionaires!
And the Left will take credit… unless we see it for what it is, then they’ll blame everyone else.
6 Comments | tags: debt ceiling, deficit spending, Economic collapse, food lines, inflation, millionaires, obama's stocks highest, stock market going strong, stocks hit 5-year high, zimbabwe | posted in economics, investing, News, politics, Uncategorized
Please keep taxing the American People in a way they cannot understand…
Please keep making their hard-earned savings worth less and less by adding more money to the money supply…
Please keep using terms like “Quantitative Easing” instead of “Printing Money” just to make sure everyday American’s never catch on…
Please keep doing what the Germans did to their economy before WWII… and Zimbabwe… and many others where greedy Socialists couldn’t keep their hands off the money supply…
Please keep thinking we are too stupid to understand what you are doing, let alone make decisions for ourselves…
Thank you for your devoted work.
2 Comments | tags: africans, Bernanke, capitlism, depression, Economic collapse, Fascism, Federal Reserve, free-markets, germans, greedy socialists, Keynes, obama, printing money, quantitative easing, Recession, Socialism, stealing your money by printing more of it, Weimar germany, Yellin, zimbabwe | posted in economics, News, politics, Uncategorized
Determined to reproduce the economic successes of Weimar Germany and Zimbabwe the Federal Reserve has decided to fire up the presses once again.
Excitement ran through Wall Street today as the news of this brilliant new shot in the arm of “quantitative easing” was announced.
Well… not excitement… more like a panicked rush to buy ownership interest (stock) in companies most of us think will be around even if the economy melts down completely. You see, owning a percentage of a company cannot be devalued like the dollar. Companies can’t just print more stock thus devaluing your shares. In fact, each time the Fed turns on the presses they tax you without you knowing/understanding it. Stay with me here… if you have a dollar that has the buying power of “a dollar” then I decide to print another dollar and give it to you because I think you’re cool then you have two dollars… with the total value of “a dollar”. You just got taxed 50%! How do you feel about that? If you listen to the media, you reportedly feel pretty good. Ignorance is truly bliss…
The market going up has very little to do with a healthy U.S. but more to do with a serious concern over its illness.
Keynes, like Marx, was really smart… just really wrong. Neither individuals ideas have worked out well anywhere in the world. (If you think about it there are a great many individuals who fit this description.)
But don’t let the fact that Keynes ideas are horrible and produce long-term economic chaos discourage you!
It doesn’t discourage the Fed!
If you haven’t already, might I recommend buying some chickens? Your neighbors will love you…
I bought a still. My neighbors actually do love me.
1 Comment | tags: Bernanke, buy chickens, Fed, investment, Keynes, Marx, printing money, QE 3, Stock market, U.S. Economy, Weimar germany, zimbabwe | posted in economics, News, politics, Uncategorized