The Fed mice doing mischief while we were not looking.
Posted November 3, 2010on:
The Feds mice doing mischief while we were not looking. While we were busy watching the elections returns the Federal Reserve announced they were printing $600 Billion (Confederate) dollars so they could buy US Treasury Notes. Oh yes! Because our dollar is so worthless the rest of the world is now refusing to buy our Treasury Notes giving us the money to continue our suicidal spending we will simply buy our own. This would sound stupid to a child who could see that one can not use Monopoly money to buy bread; it is only the politicians who can understand this kind of thinking.
I can only hope the 37 individual states which now have installed Republican governors and mostly Republican legislatures will pull themselves out of debt so when the federal government goes over the cliff there is a group of relatively solvent states to remake the nation. BB