"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Tuesday, August 9, 2011

Starving Billionaires and Stupid People

The "Billionaires" of Zimbabwe know full well about printing money.

"The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default"

---- Former Federal Reserve Chairman Alan Greenspan

Greenspan.  The creator of the banking-real estate bubble.  Can there really be any doubt now?

The United States is being ruled by some of the most stupid people in the history of the planet earth.

You have an entire Elite Ruling Class with degrees from "great" universities who are total idiots.  Elitists who could not could do anything practical like drive a truck or build a home if their lives depended on it.  They have no common sense.  No knowledge of history.  No ability to create anything real.  They are fools who know nothing.

or . . . and this is worse . . . they are not stupid, they know EXACTLY what they are doing and the destruction of our economy, space program and inflation is all part of the plan.

I don't like either option.

Personally I lean to the second possibility that they know exactly what they are doing.  To see another part of their Master Plan read this article  The Federalist - America is committing suicide .

Sweeping inflation bills after the introduction of the forint (Hungary, August 1946)

 Currency of the Confederate States of America underwent the soaring prices characteristic of inflation. For example, by the end of the war, a cake of soap could sell for as much as $50 and an ordinary suit of clothes was $2,700.

German children in the Weimar Republic playing with bricks of
worthless money.

By the end of 1778, Continentals retained from 1/5 to 1/7 of their face value. By 1780, the bills were worth 1/40th of face value. Congress attempted to reform the currency by removing the old bills from circulation and issuing new ones, without success. By May 1781, Continentals had become so worthless that they ceased to circulate as money. Franklin noted that the depreciation of the currency had, in effect, acted as a tax to pay for the war.  In the 1790s, after the ratification of the United States Constitution, Continentals could be exchanged for treasury bonds at 1% of face value.

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