Do you feel like you’ve been robbed?

If so, it’s not far from the truth, and you are not alone.

Why did the government and the Fed bail out some and let others collapse?

– because of extreme corruption and cronyism

What are the amounts involved?

– enormous, the bailout of AIG went directly to Goldman, which is why they were bailed
out in the first place. The Fed created the money that was necessary out of thin air.

Does this have any bearing on you?

– of course. The Feds don’t have the money required for these huge bailouts, so they print it.
As a result, all prices go up.

What did Thomas Jefferson say?

– it will keep happening until the American people abolish the Fed.

“I believe that banking institutions are more dangerous to our
liberties than standing armies. If the American people ever
allow private banks to control the issue of their currency,
first by inflation, then by deflation, the banks and
corporations that will grow up around [the banks] will deprive
the people of all property until their children wake-up
homeless on the continent their fathers conquered. The issuing
power should be taken from the banks and restored to the
people, to whom it properly belongs.”

– Thomas Jefferson

Do I have anything to add to that?

– No, except follow the smart man, abolish the Fed, and do so quickly.
Otherwise we will all have to deal with the dollar losing a couple of
zeroes (99% of its current purchasing power) or more within 5 years.

Will any of that cash find its way into your pocket?

– No.

Is the current money printing operation enough to shave 2 zeroes off the dollar?

– Thank God, no. Unfortunately, it’s a start down the road of peril, and it’s
enough to drop the purchasing power of the dollar 70%.

US dollar in gold, long term

Sunday, November 15th, 2009 The global financial and economic crisis

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