Paul Craig Roberts
May 19, 2013
May 19, 2013
Over the past month there has been a statistically improbable concurrence of events that can only be explained as a conspiracy to protect the dollar from the Federal Reserve’s policy of Quantitative Easing (QE).
Quantitative Easing is the term given to the Federal Reserve’s policy of printing 1,000 billion new dollars annually in order to finance the US budget deficit by purchasing US Treasury bonds and to keep the prices high of debt-related derivatives on the “banks too big to fail” (BTBF) balance sheets by purchasing mortgage-backed derivatives. Without QE, interest rates would be much higher, and values on the banks’ balance sheets would be much lower.
Quantitative Easing has been underway since December 2008. During these 54 months, the Federal Reserve has created several trillion new dollars with which the Fed has monetized the same amount of debt.
Paul Craig Roberts has it exactly right, and this article published yesterday is the most concise analysis I have seen to date on the real situation and reasoning why the federal reserve note is ABSOLUTELY DOOMED and can not be saved even if we wanted to save it, and we don't.
Read the rest here: http://www.infowars.com/washington-signals-dollar-deep-concerns/
Then do something to protect yourself here: http://www.teapartysilver.com/silverforsale.html