Federal Reserve Throws U.S. Dollar Under Bus
Dollar bills are now only useful for lighting investment bankers' cigars.
The Federal Reserve is owned by the member banks...guess who the Federal Reserve will protect at all costs?
Say goodbye to the dollar and hello to $10-a-gallon milk!
This is the kind of stuff that is going to happen now:
That is not good at all. It will lead to HIGHER US interest rates, which will take the wounded housing market and shoot it, in the face, with a shotgun.
Bernanke panicked, and now young Americans who missed it the first time can experience what it was like to have Jimmy Carter in the White House!
The Federal Reserve is owned by the member banks...guess who the Federal Reserve will protect at all costs?
Say goodbye to the dollar and hello to $10-a-gallon milk!
This is the kind of stuff that is going to happen now:
Saudi Arabia has refused to cut interest rates in lockstep with the US Federal Reserve for the first time, signalling that the oil-rich Gulf kingdom is preparing to break the dollar currency peg in a move that risks setting off a stampede out of the dollar across the Middle East.
That is not good at all. It will lead to HIGHER US interest rates, which will take the wounded housing market and shoot it, in the face, with a shotgun.
Bernanke panicked, and now young Americans who missed it the first time can experience what it was like to have Jimmy Carter in the White House!
posted by J.Q. Beck at 9/19/2007
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