its not Obama doing it, its Ben Bernanke, FED chairman. Its called quantative easing and the lieing ba$tard said he would never do it and here we are. This is why Gold and Silver are going nuts, Im glad to have jumped on the precious metals bandwagon 3yrs ago. If you think things are bad now, wait until an ounce of Gold = the DOW.
If you wanna blame anyone else, you can blame the chinese for not wanting anymore of our fake paper. One things for sure, if they ever call in all debts to be paid, the USA is Screwed!
ps- I forgot to mention that the federal reserve act of 1913 was the biggest fraud in the history of this nation. research that on the internet.... amazing how we were all sold down the river into allowing a fiat currency backed by ZERO to come to pass.
JohnMck wrote:The Federal Government is selling T bonds to the Federal Reserve, The Federal Reserve is printing money to buy them. The dollars value goes down, and oil prices go up. It's a giant, legal ,check kiting scheme. If you or I did it we'd be prosecuted for fraud, but since it's Obama doing it, he gets a pass from the media, and people go on, in ignorance, blaming the greedy Arabs.
We need to strengthen the dollar. I used to think that the people running our goverment were naive, but had our best interests in mind. I'm not so sure anymore.