samhill wrote:If a few of you would take the time to read instead of just in your haste to criticize then you may or may not see how it all ties together but if you don't read then you'll never really know. If you are too young to recall much of whats posted then take the time to look it up bit by bit or you can believe what someone says that has a vested interested in the way things are going. I know I will always be wrong with most just by the pure numbers but I still care enough to take everything with a grain of salt & investigate.
The Federal Reserve, with the blessings of the current President, is pumping billions in worthless cash to prop up the Stock Market, at least until the election is over. This action by the Federal Reserve is an attempt to protect the large banks and their friends in the Government from the disastrous consequences of speculating with bad mortgage loans and the deposits of their customers. The end result will be a giant crash that will plunge not only us but the whole world into economic chaos.
The result for the ordinary person is that their retirement funds aren't earning anything, you are getting nothing in interest for your savings accounts and why inflation is working its way into the cost of everything, except housing. The icing on the cake is while your money is earning less and buying less, your home is probably worth less than the mortgage you hold on it.
All of this can be directly traced to the actions of the Democrats who instituted this from the beginning. The only exception and it is a big exception is that Nixon did away with the gold standard and this unleashed the powers that be to go hog wild with dept.
But again this is a whole different subject. The thread is about Obama's taking tax dollars and funneling it into scam energy companies to enrich and benefit his political pals. Try sticking to the subject at hand for once. But since again there is no defense for what this criminal president has done or is doing, you can't stick to the subject.