Thursday, December 04, 2008

Zimbabwe inflation rate hits 11.2 million %

Read comments (below) after watching this video




We (the American taxpayer), in just a very short span of time, are now on the hook for $8.6 TRILLION of bailout guarantees and/or monetary injections (see this link for details) and there is no end in sight. Aside from the future tax implications for our grandchildren, how long do you think it will take for OUR inflation tidal wave to crash ashore?

So where does all our bailout money come from?

The Federal Reserve (the lender of last resort) merely prints or makes a computer entry to create all this new money from nothing, injects it into the banking system or economy and then robs us of our purchasing power through the hidden tax of inflation.

Anthony Sutton, former Research Fellow at the Hoover Institution for War, Revolution and Peace, and also Professor of Economics at California State University, Los Angeles, sums up our predicament this way:

"Warburg's revolutionary plan (at Jekyll Island) to get American Society to go to work for Wall Street was astonishingly simple. Even today,...academic theoreticians cover their blackboards with meaningless equations, and the general public struggles in bewildered confusion with inflation and the coming credit collapse, while the quite simple explanation of the problem goes undiscussed and almost entirely uncomprehended. The Federal Reserve System is a legal private monopoly of the money supply operated for the benefit of the few under the guise of protecting and promoting the public interest."

But The Congress is also part of this game

After the 80's S&L Crisis, G. Edward Griffin (Author of The Creature from Jekyll Island)stated:

“The Savings and Loan industry is really a cartel within a cartel. It could not function without Congress standing by to push unlimited amounts of money into it. And Congress could not do that without the banking cartel called the Federal Reserve System standing by as the “lender of last resort” to create money out of nothing for Congress to borrow. This comfortable arrangement between political scientists and monetary scientists permits Congress to vote for any scheme it wants, regardless of the cost. If politicians tried to raise that money through taxes, they would be thrown out of office. But being able to “borrow” it from the Federal Reserve System…allows them to collect it through the hidden mechanism of inflation, and not one voter in a hundred will complain.”

Closing

The more one peels back the individual layers of what had appeared to be a beautiful onion, the more one realizes the onion not only has flaws, but is absolutely rotten to its core.

Yes folks, if you haven't already realized it, our system is completely corrupted, defiled and broken. But, to the masses anyway, it's appearances that really count and our new saviour will fix everything come Jan 20 2009...


Randy

4 Comments:

At 12/05/2008 4:48 AM, Blogger Max said...

9-11 was the lobby of the Rabbit Hole for me. I took the red pill about 3 years ago and since then I've:
-become armed

-have several months food in the garage

-have a bug out bag in the closet

-have a stash of silver coins

My God...what have I become? Better prepared if nothing else. With that segue(sp?) let me recommend "When All Hell Breaks Loose" by Cody Lundin...an entertaining, insightful approach to urban/suburban preparedness. "The times they are a changin'".

 
At 12/05/2008 10:54 AM, Anonymous sux2bme said...

We're all going to be singing the prescient Bob Dylan's "Like a Rolling Stone" blues:

Once upon a time you dressed so fine
You threw the bums a dime in your prime, didn't you?
People'd call, say "Beware doll, you're bound to fall"
You thought they were all kiddin' you
You used to laugh about
Everybody that was hangin' out
Now you don't talk so loud
Now you don't seem so proud
About having to be scrounging for your next meal

How does it feel
How does it feel
To be without a home
Like a complete unknown
Like a rolling stone?

You've gone to the finest school all right, Miss Lonely
But you know you only used to get juiced in it
And nobody has ever taught you
how to live on the street
And now you find out you're gonna have
to get used to it
You said you'd never compromise
With the mystery tramp, but now you realize
He's not selling any alibis
As you stare into the vacuum of his eyes
And say, do you want to make a deal?

How does it feel
To be on your own
With no direction home
Like a complete unknown
Like a rolling stone?

You never turned around to see the frowns
on the jugglers and the clowns
When they all did tricks for you
You never understood that it ain't no good
You shouldn't let other people get your kicks for you
You used to ride on chrome horse with your diplomat
Who carried on his shoulder a Siamese cat
Ain't it hard when you discover that
He really wasn't where it's at
After he took from you everything he could steal

How does it feel
How does it feel
To have on your own
With no direction home
Like a complete unknown
Like a rolling stone?

Princess on the steeple and all the pretty people
They're drinkin', thinkin' that they got it made
Exchanging all kinds of precious gifts and things
But you'd better take your diamond ring, you'd better pawn it babe
You used to be so amused
At Napoleon in rags and the language that he used
Go to him now, he calls you, you can't refuse
When you got nothing, you got nothing to lose
You're invisible now, you got no secrets to conceal

How does it feel
How does it feel
To be on your own
With no direction home
Like a complete unknown
Like a rolling stone?

 
At 1/11/2013 1:14 PM, Anonymous QUALITY STOCKS UNDER 4 DOLLARS said...

We are not at hyperinflation yet but were getting their.

 
At 4/03/2014 12:10 PM, Anonymous PENNY STOCK INVESTMENTS said...

Great post

 

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