Tuesday, September 18, 2012

Federal Reserve

It's no accident that the Fed and the ECB embarked on crazy money printing policies at the same time.
"Sadly, as I discussed in August of this year, not only has the Fed announced a new and UNLIMITED round of stimulus measures, but the European Central Bank has also devised its own bond buying free for all.
I predicted simultaneous QE programs by the two central banks because it made perfect sense, at least, for those with diabolical intentions. With engineered currency devaluation in full swing in the EU and the U.S., the implosion of both currencies, especially the dollar, will be masked. That is to say, the dollar index is measured in large part by comparison to the relative strength of the Euro. If the Euro falls through overt printing, the dollar will appear stronger than it really is, duping the general public and giving bankers more time to inflate."
This isn't about saving our economy. These guys know our economy is going to collapse soon or sooner. This is about stealing the last bits of wealth we have before the collapse. As if in response to my last comment, here's the proof:
"Germany’s top constitutional court, only a day before QE3, announced its decision to support a Euro-area rescue fund, which the German people and a large part of its government are vehemently opposed to. This action was preceded by “warnings” from various banking insiders, including Nosferatu himself (George Soros), that the EU would be sent into perdition and total economic chaos if the nation did not bow down to the ECB and hand over its GDP engine for the “good of the union” and the world."
Soros made his money manipulating currencies. He's one of the plutocrats who is using the Fed and the ECB to wring every last penny out of us and leave us eating dirt. Here's the real reason the US is so belligerent with China:
"In reality, only currency devaluation allows for such a steady and consistent inflationary reaction in commodities. Unfortunately, we haven’t seen the worst yet. QE3 will send prices skyrocketing, and with the open-ended nature of the stimulus, there is no ceiling. We could very well witness Wiemar style hyperinflation in the near term.
As I have said in the past, I believe QE3 will be the final straw for many foreign holders of U.S. debt and dollars. The world reserve status was already under severe threat after QE1 and QE2. The MSM has virtually ignored China’s bilateral trade agreements building since 2010. In the past two to three years, China has made deals with Russia, India, Japan, South Korea, Iran, and the ASEAN trading bloc (most South-Asian nations), that remove the dollar as the world reserve currency. And, this year, China has arranged a similar bilateral deal with Germany."
China is undermining the dollar hegemony. That means countries will begin dumping dollars - buying stuff in the US to get rid of them - and US price inflation will soar.
"These countries combined offer at least 30% of global GDP, and could easily annihilate the dollar if they decide to dump the greenback completely as the world reserve. With the advent of QE3, this is now a certainty."
This is one of the reasons this election is meaningless. It's going to happen regardless of who is in power. Washington is helpless to stop it because it's the inevitable consequence of decades of inflating the money supply.

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