AD.


read if you dare, or if you care – foto by Smith

This blog is courtesy of Stone Ranger, my stained glass artist friend for the past 39 years. It is his comment on the U.S. Federal Reserve’s decision to print up an extra 600 billion dollars of unbacked bogus money.

If I printed fake dollars, it would be called counterfeiting and I’d be jailed; however when the government prints worthless dollars, they call it “quantitative easing” and pat themselves on the back.

The financial ministers of every country in the world (except ours) are telling the U.S. this is a very very bad very very stupid idea.

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As Mark Twain said, “History does not repeat itself, but it does rhyme“.

The Fed has printed $600 billion in paper money
to give some juice to the economy
Is “Weimar” something we may see?
“Ask us later, we’re watching TV.”

From Wikipedia:
“In its 14 years, the Weimar Republic (1919 – 1933) was faced with numerous problems, including hyperinflation, political extremists on the left and the right … the reparations did damage Germany’s economy by discouraging market loans, which forced the Weimar government to finance its deficit by printing more money, causing rampant hyperinflation … and the political chaos may have caused a psychological imprint on Germans that could lead to extreme nationalism, later epitomized and exploited by Hitler.”

We live in dangerous times, and the wolves are circling the homestead…

{@|@}
~~~~
    V

– by Stone Ranger

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Here’s a news article addressing this: The World Says No to America’s Monopoly Money

Here are the first two paragraphs of the article:

“In a slap in the face heard around the globe, China’s state credit agency just publicly downgraded America’s credit rating, and questioned US leadership of the world’s economy.

“In an unprecedented rebuke, China scolded Washington for “deteriorating debt repayment capability,” predicting that Washington’s printing of billions in paper money (known as quantitative easing in financial argot) would be “fundamentally lowering the national solvency.” – by Eric Margolis


shadow smoke and mirrors – foto by Smith

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