Patriot Radio News Hour: Why True Prosperity Doesn't Come from a Printing Press 1/3
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Uploaded by johnnyLiberty1776 on Nov 18, 2010
By Bill Bonner - The DailyReckoning.com
11/17/10 Baltimore, Maryland - Ooooh ...
Bad, bad day yesterday. Municipal bonds took a big hit. California is going broke. The Dow finished down 178 points. Gold up $30.
Did you pay attention to our "Crash Alert" flag, dear reader? Hope so. This market is dangerous. Because it is built on a lie - that EZ money from the Fed's printing press will cause stocks to rise, interest rates to go down, and the economy to revive.
It ain't gonna happen.
Never in history has it worked that way. Ben Bernanke maintains that what he is doing is merely an extension of normal monetary policy. It's not. It's a daredevil maneuver in which the Fed funds about 100% of the US government's borrowing needs over the next 8 months.
http://www.allamericangold.com/
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it does prosper the wealthy elite that make the dumb people think that paper has value it did when it was backed by our gold but the banks sold it all off to china so now its backed by nothing.
edtheball69 1 year ago
thanks for posting
BlueSkies360 1 year ago