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View Full Version : Federal Reserve Games Destroys US Economy




bobbyw24
05-28-2011, 09:03 AM
Thanks to the earthquakes and tsunami and above all, the nuclear disaster, Japan's debt ratings are beginning the inevitable downward slide. But the entire country is heading this way due to internal social collapse. The US is seeing a return of depression status due to the government stopping all deficit spending due to no budget being passed. And the Federal Reserve is annoyed that it had to tell us, Bernanke gave Goldman Sachs and JP Morgan as well as a bevy of European banks that pay no taxes here, over a trillion dollars in ZIRP loans which is basically free money.

http://www.silverbearcafe.com/private/05.11/images/Ben-Bernanke.jpg
This free money has flooded financial systems and was used very cynically by the biggest international investment banks to bid up the price of food and fuel which is causing the present global fall into another stretch of this ongoing depression. Years ago, I fingered Japan as the key nation to lead the world into a deflationary cycle fueled by rising FOREX holdings which prevents money from circulating and rising government debts while the rich refuse to pay taxes. The US is following the Japanese model as far as debt is concerned: Fitch Puts Japan Debt Rating On A Negative Outlook – WSJ.com

"Japan's gross government debt reached 210% of GDP by end-2010, by far the highest ratio for any Fitch-rated sovereign,” Fitch said in its release from London announcing the action.

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http://www.silverbearcafe.com/private/05.11/games.html

VBRonPaulFan
05-28-2011, 10:15 AM
that picture is awesome, +rep