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Showing posts from November, 2010

Weimar Moment Coming

Tomorrow the FED will, in all its inglorious righteousness, decide whether to print either $500 Billion or $ 1 Trillion in new fiat money to purchase securities. There's already been agricultural and commodity inflation (Think "food") for the better part of 2010. This will now send prices through the roof. These idiots have absolutely NO EARTHLY IDEA what they're doing or what the consequences are. Sooner or later, our FED devalued greenback will filter down to the consumer. Ron Paul, where are you when I need you? You're the only guy with the guts to be willing to abolish the Federal Reserve. There is no such thing as a "free lunch". If you print money the way the Obama Administration has done (in addition to spending it foolishly), somebody is going to have to pay the Piper. We can't get these idiots out of office fast enough. UPDATE: As of Nov 3 2010 the FED has announced a new program where they'll print enough fiat money to purchas