So Obama with his budget proposals is in a race with the Fed (the central bank) over who can spend the most, the fastest. The fed has the inside track as they dont need congressional approval or a presidents signature. Only they can magically make money appear out of nowhere and cast it into the economy. This process mostly benefits the banks. The Fed is their fairy Godmother of Godmothers.
Last week as a result the dollar lost more value and this week china among others wants to make a new reserve currency. Who can blame them? Obama and Bernanke have telegraphed to the whole world that we will deliberately be torpedoing the value of the doallar for as far as the eye can see. So sorry.
This is theft on Americas part, we are making our silver dross and our wine into water,on purpose and in front of all America. But most dont understand....
From Lew Rockwell
Falsehoods (13) and Myths (4) of National Economic Policy
by Michael S. Rozeff
Robbery Writ Monumental
by David Calderwoodby David Calderwood
The Mother of All Bells
by Peter Schiff
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