The move by the Fed today to basically create another $600 bil. out of thin air over the next 8 months is a gamble that will backfire.
The inflation beast will soon be unleashed, and then look out. This is a bad move, and anyone who knows anything about economics knows this will seriously devalue the dollar -- amounting to a 30-60% tax on everyone's income. Congress should wrestle control of the money supply from this extra-constitutional institution of the international bankers. We are fast approaching a time when the pain of doing so will be equal to the pain of not doing so -- except if we don't do it, we will lose our ability to control our destiny completely and for good. - Publius -- "It ought never to be forgotten, that a firm union of this country, under an efficient government, will probably be an increasing object of jealousy to more than one nation of Europe; and that enterprises to subvert it will sometimes originate in the intrigues of foreign powers, and will seldom fail to be patronized and abetted by some of them. Its preservation, therefore ought in no case that can be avoided, to be committed to the guardianship of any but those whose situation will uniformly beget an immediate interest in the faithful and vigilant performance of the trust." [Federalist Papers #59] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
