As the Fed continues to “print” more money what is the effect on the economy. Can they “print” their way out of this economic slide by lending more and more money to their friendly financial institutions? “Printing” more money against the same asset base is like an alcoholic having “just one more drink”. Such an attitude eventually leads to another and another…it is a bad idea and only works to “inflate” the existing problem. Continued
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Recent Tweets
- Federal Reserve to buy Treasury bonds - otherwise known as "drinking its own blood". Interest rates will spike as hyperinflation results. 3 weeks ago
- Prices of essentials such as food and electricity to inflate, while prices of non-essentials such as big homes and cars to deflate 3 weeks ago
- Essentials such as electricity and food prices to inflate in price and non-essentials such as big homes and fast cars to deflate in price. 3 weeks ago
- Goldman Sachs bans naughty words in emails. Partners and employees of the Wall Street firm to sell girl scout cookies as well. 2010-08-04
- Real Estate set to plummet, again. Banks will be forced to sell at auction prices which will dramatically reset market prices. 2010-07-13
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