Now.... lets just step back for a moment....... First the Feds have printed literally TRILLIONS of dollars, no one is buying our debt anymore, except for them monetizing it. So, the reality is, we are going into Big time inflation, there is no way around that fact. We have been very lucky so far, due to the dollar being the trading currency of the world. But, China, Russia, Arab states and even Europe now, have been working on freeing themselves from the dollar and started trading with their own currencies. Look at South America, many of those countries now trade between each other with their local currencies instead of the dollar. Many places around the world do not want to take dollars anymore either.
So it seems the Feds are using a cover story to say "We want inflation to help the economy". What is also funny, is in the article they say "people will spend their money more". Oh really? Yeah, it will cost double the price of things, they won't have a Friggin choice but to spend more! It won't help the economy, at all! and it definitely won't help the people at all! People will suffer more from high inflation!
This article has the most ridiculous arguments of wanting inflation. But the reality and truth is, inflation will not be a choice, it will have to be. The Feds have printed too much to give to the banks and corporations and paying for wars, we should not be in. Will we go Zimbabwe? I can't imagine that. But inflation is coming and is already showing itself in rising food prices. The big ticket items of T.V.s and electronics will deflate, due to no one purchasing them, but the items and food everyone will need, will be what skyrockets in inflation.
Now, I wonder how Gold and Silver will react to this news? Got a chair to sit back and watch "The Honeymooners"? So you can see Ralph say "TO THE MOON ... ALICE - TO THE MOON".
Portion of article:
The Federal Reserve spent the past three decades getting inflation low and keeping it there. But as the U.S. economy struggles and flirts with the prospect of deflation, some central bank officials are publicly broaching a controversial idea: lifting inflation above the Fed's informal target.
The rationale is that getting inflation up even temporarily would push "real" interest rates—nominal rates minus inflation—down, encouraging consumers and businesses to save less and to spend or invest more.
Both inside and outside the Fed, though, such an approach is controversial. It could undermine the anti-inflation credibility the Fed won three decades ago by raising interest rates to double-digits to beat back late-1970s price surges. "It's a big mistake," said Allan Meltzer of Carnegie Mellon University, a central bank historian. "Higher inflation is not going to solve our problem. Any gain from that experience would be temporary," adding that the economy would suffer later.
Don't cha, just LOVE - they come right out and say "SAVE LESS AND SPEND MORE"! Why didn't they give THE PEOPLE A BAILOUT - if that is what they wanted? Why didn't they give the Trillions away to the people instead of the upper echelon and banks? Our economy would be Awesome, if they had given the people the money and not the banks... people would be spending, buying cars, houses and everything under the sun. No business would be hurting, people would be employed and we would not be going farther down the rabbit hole that has been dug for us.
But of course...... Gold and Silver WILL BENEFIT From this!!! YA GOT SOME?
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