The Biggest Financial Swindle In Human History
China Blames Wall Street Meltdown On Fed Overissuance Of Currency
"China’s state media today reports on the real reason behind the Wall Street meltdown and a subject that the mainstream US media dare not mention - the Federal Reserve’s overissuance of currency - which the Chinese say is part of a wider agenda to justify increased control over the global economy.
The Bush administration today announced a plan to use hundreds of billions of dollars of taxpayer money to buy up up bad mortgages and other debts. The process of injecting more fiat money into an already over-inflated system had the desired effect - the Dow Jones shot up 450 points - but the dollar, following a brief jump, began to plummet.
According to numerous Chinese state media news sources today, the Federal Reserve’s continued zeal for propping up the market by injecting illusory liquidity is part of an agenda to gain trust and grease the skids for increased government intervention in financial markets."
Must be great fun to control the ability to pull gobs of money out of thin air, considering that it will be taxpayer wealth that our grandchildren will be forking over for generations. It's just hilarious that the communist Chinese sound like fiscal conservatives when our criminal mafia declare that in this country there's welfare and socialism for the rich and vicious social Darwinism for everyone else. I can hear them laugh as they privatize profits and socialize losses.
posted by nolocontendere at 6:53 AM
2 Comments:
Sigh.
And now our dutiful MSM is telling us not to panic, not to talk about this crisis with our friends, family and neighbors (note to MSM: no one's listenin' to that bit 'o advice). And why? Why because the calvery (feds) are coming to the rescue.
Of course they fail to mention we the people are really the ones who will be paying for this unconstitutional bailout. Oh well. At least the banking higher-ups won't be losing their mansions, private jets, etc.
One would think the growing rage being felt by the typical american would be enough energy to send shock waves through the bodies of these psychopathic criminals. Likely they'd feed off it rather than be offended by it.
IMO complete collapse is inevitable, neener, and endlessley printing dollars is just a temporary fix to get the rubes to go through one last fixed and rotten election/selection. Not owning up to the inevitable will make it all far worse when finality happens in a month or so.
I'm really, really glad to be headed for the hills.
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