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I received this in an email and found some food for thought. I think others may too. BODY OF EMAIL TEXT The numbers I checked out are okay except I can’t verify the $1 Billion to run the program. I suspect that is way off base. There was an article that said [...] There Will Be (Hyper)Inflation by Thorsten Polleit. Increasing “Excess Reserves” The demise of fiat-money regimes around the world has become unmistakable. They can only be kept alive by central banks creating ever-greater amounts of base money and governments underwriting commercial banks’ liabilities. The US Federal Reserve, for instance, increased the stock of the monetary base [...] Dollar’s Days of Dominance Are Over Seeking Alpha by Jeff Neilson
FTA: “Chinese assets are very safe,” Geithner said in response to a question after a speech at Peking University, where he studied Chinese as a student in the 1980s. His answer drew loud laughter from his student audience” This big lie from the idiot heading the US Treasury? Funny he ignored that the [...] To All My Valued Employees, There have been some rumblings around the office about the future of this company and, more specifically, your job. As you know, the economy has changed for the worse and presents many challenges. However, the good news is this: The economy doesn’t pose a threat to your job. What does [...] Recent events surrounding the failure of Indy-Mac banks have caused quite a stir in the financial markets. Of course our federal government has assured all of us that they will intervene and shore up the failing financial institution to the tune of approx. $10 billion dollars. The amount itself is staggering, and of course we [...] Monetary inflation may seem impossibly complicated, but take heart. While understanding inflation is essential to everyone, both in sensing the future and to understanding the basics of personal well-being, a degree in economics is unnecessary. Money is basically a “medium of exchange”; an instrument of convenience, which makes it unnecessary to tote chickens or bushels [...] |
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