http://www.bloomberg.com/news/2012-08-31/bernanke-says-he-wouldn-t-rule-out-further-bond-buying.html
When the Fed "buys" Treasury bonds it isn't doing the buying - YOU are.
But doesn't the Fed uses newly printed dollars, not yours?
The capital to fund the new dollars and buy the bonds is taken from the dollar that's in your pocket or savings.
They do that by reneging on the promise of redeeming 100 cents of capital for every dollar.
By promising less on all of the already existing dollars they can now give a redemption value to those new dollars.
(For example a 25% increase in new dollars means your 100 cent dollar will be redeemable at only 80 cents.
That 20 cent overall reduction will allow newly printed dollars to also be redeemed at 80 cents.)
No new money is really being created. No new value is being added to the economy. It's just re-distribution.
They call it quantitative easing or any number of obfuscating names.
The bottom line is it's you who are paying. It's another Socialist scheme.
Very effective since they make it too complicated to figure out. Like having a thousand dummy corporations to hide the real company.
The Fed drains your dollar to fuel the new dollars they print. Former Fed Chairman Allan Greenspan spoke in circles which hid the scam of the Federal Reserve.
Greenspan was a confidence artist.
Government thinks that confidence is what keeps the economy going. Rather, it keeps the scam going until the bubble bursts.
We get too much investment in the stock market when people should have been pulling back;
too much spending by the government on future revenues based on falsely optimistic bubble time trends - etc..
Bernanke speaks more plainly and reveals the dishonest truth.
Consequently people have no confidence in him and notice the economy is bad.
No false hope reveals the real dope. No not him, YOU. Wake UP!
The Fed wants to add 2.3 trillion new dollars.
Money is not created out of thin air.
Money is created by stealing a piece of yours.
Think of it as the government cutting a piece off of everyone's dollar and pasting those pieces together to make more dollars.
Nothing new was added to the economy. Nothing was produced. All this does is give your money to those the government favors.
It is exactly the same as if the government increased taxes by 2.3 trillion and gave the money to the banks which then gave your money to businesses to keep them afloat.
Or when the government takes your money and buys up companies like GM and gives them to their unions. Or AIG and Goldman Sachs.
Oh Right, that was called a bailout. Did that bother you? When they do even more behind your back, shouldn't that OUTRAGE you?
To justify this theft,
Bernanke cited studies that have shown they have been "economically meaningful" and "significantly lowered long- term Treasury yields" and boosted stock prices.
As though that's a good thing. Of course, when your dollar is now redeemable for less than 100 cents, stock prices will go up to balance the dollars reduction in value.
Economically meaningful? Not in a good way for you. It is pure Socialist theft of wealth from one part of the economy to grant to another. You lost it and the government used it to gain more power.
Do you have any idea how much of the people's savings was taken since Federal Reserve dollar notes replaced Silver and Gold certificate dollar notes?
The cost of a single NYC subway ride in the '50s was a nickel. Today it's $2.50. That's 50 times as much. You figure it out.
Fix it by telling everyone you know about your CARR.
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