Translate

Saturday, July 31, 2010

"printing money from thin air"

Today St. Louis Federal Reserve Bank President James Bullard warned that the U.S. is closer to succumbing to a Japanese-style deflation than any recent time, which he urged be countered with "quantitative easing."
Is he on drugs?
Quantitative easing is nothing more than Federal Reserve Ph.D. doublespeak for "printing money out of thin air."

You can put lipstick on a pig in an attempt to dress up the pig and make it beautiful, but in the end it's still an unattractive pig.

Likewise, you can dress up "printing money from thin air" with fancy Ph.D. language, but in the end it's still destructive currency debasement.
The Fed cannot print our way to prosperity. Period.

It's never been done in the history of the world.

Attempting to do so is like trying to drink yourself sober with a gallon of whiskey.

I have a stack of 100 $100 trillion dollar bills issued from the central bank of Zimbabwe on my desk to remind of the end result of "quantitative easing."

The Fed seems dead set to destroy the value of the U.S. Dollar. Printing money and handing it to their friends will only enrich their friends, while at the same time bringing about poverty for the average citizen.

The Fed is powerless to stop the economy from collapsing, and their announced plan to fight the natural course of the economy is only going to have very bad consequences.
We are still experiencing the effects
of the "great recession" and the economy is again sinking rapidly.

The alleged "recovery" was nothing more than a temporary mirage created with "stimulus" money and lots of media hype.

If you listen to the "happy talk" about "recovery," (remember, even the President himself is on tour hyping the recovery mirage in his not-so-cleverly-named "recovery summer") you'll be completely unprepared for the economic suffering that is heading straight for us.

while the majority will see their wealth devastated by the economic calamity, you need not be part of that group.

It IS possible to weather the storm and come out on the other side unscathed, with even more wealth than you have today.

In 2008, while most investors saw their portfolios drop by 40% or more, my overall return was 2,862%.

You can increase your wealth, in spite of the oncoming financial train wreck, but there's no time to waste.

Time is running short to fully prepare. Click here now to find out more.