Obama Printing Money Into Hyperinflation U N To Recommend Ditching U.S. Dollar (3/20/09)

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[787Bisurdaddy]

Printing and spending money that we didn't have is what created the mess in the first place. In order to do that, the US needs to increase production, not money supply. You'd think they'd know this by now given how many times this has happened in the past.

The Federal Reserve is counterfeiting money. The only difference between them and common criminals is that the government allows them to do it.

[myliverwurst]

Anyone who thinks you can print your way out of this mess is deluded. This will do nothing but speed the collapse of the dollar and the ruin of the US as we know it.

[ChrisPCrunchy]

Too right debt requires permanent capital growth or growth in worker output (Exports) to avoid negative equity and ultimate bankruptcy.

Capital growth? What is your house worth now?

Growth in worker output? Are you working more hours? Are there more jobs? Is the US exporting more?

Instead the government is taking on record debt on your behalf, this debt will be paid back with declining standard of living. Where is this money being spent, bailing out the wealthy who created the problem!

[ChrisPCrunchy]

Times up.

Gold had 4 attempts at rising over $700 Then went to $1000 Now it has had 4 attempts at rising over $1000 and it is at $1005. Next stop is $1300 all aboard! This is just the start ,after 40 years of central banks and now the IMF dumping and manipulating gold & silver in order to keep confidence in small pieces of worthless paper, that scam has been well and truely exposed. Gold adjusted for inflation and manipulation should be worth over $8000. Time is running out for the mighty $!

[scenemaker03]

yeah fo sho have u seen zeitgeist addendum?

[sageofsuccess]

The USA doesn't have to print the money. In this high-tech age, you can just create it on the computer.

[truthsabre7]

The Sudan, Zimbawie, Somalia, Uganda, S. Africa, etc...blacks really know how to run a country.

[jay7a2j]

Obama is just continuing where Bush left off. As a result of this global economic crisis we will see the emergence of a global currency. Which is what is needed to accomplish the New World Order. Yeah, they have been predicting this for some time now. All the way back to Biblical times. Check out Revelation if you don't believe me.

[lumpfish99]

a new global currency eh???? where are all those people who were laughing at conspiracy theorists?????

[wiriness]

it's not like there weren't MANY people who predicted this.

motherfuckers

buy gold and buy a gun

[rayme4raw]

We here in the US do not need a new currency, we need a new monetary policy. Our current monetary policy cannot continue to exist without exponential growth. No growth and our monetary policy collapses. I know that our government will not get their heads out of their a---- long enough to be effective. The dollar is finished.

[stevemcgee99]

The economy can't 'go up' if the Fed uses its inflationary power to try to keep the status quo.

America consumes the world production. The trade imbalance is made possible by foreign countries' acceptance of US dollar 'IOU' in different forms. But basically the world produces and America consumes.

That needs to change, and the path to change it is to end interest rate manipulation, eliminate tax on savings / income, and use the strength of human character to get us through a tough recession.