… even the CHINESE are quoting our Founding Fathers to us with regards to financial affairs… :shocked
China alarmed by US money printing, By Ambrose Evans-Pritchard, in Cernobbio, Italy
http://www.telegraph.co.uk/finance/economics/6146957/China-alarmed-by-US-money-printing.html
From the article…
“He who goes borrowing, goes sorrowing,” said Mr Cheng. It was a quote from US founding father Benjamin Franklin."
In all honesty…
This is the one thing that scares me more than anything. We dont really talk about it to much because unfortunetly, theres not much we can do unless were really in the mood to make big changes. I really think were headed for some horrible inflation within the next 2 years after lookin at the amount of money we’ve printed off the last year.
I was at a townhall where our senator Jeff Sessions put into perspective the rate of spending.His take,we have about $3trill before(since the founding over 200yrs ago) obama and in 7mnths have $5trill in debt-the CBO predicts that debt to be at $17trill without healthcare or whatever they dream up,now that is scary!!Plus the interest alone within 5yrs is close to $1trill!!
I can only come to the conclusion that it’s a big gamble at best,if it works(which is impossible)they win,if not and it fails the dollar is useless this is even better for the govt.Then they get to "rebuild"our system with other world leaders and new currency not to mention all the new trap doors they can install.Its like a foreclosure of us all except instead of buying it from the bank,they are the bank and the money printers.Are’nt you excited about this new change!!!
they are selling thier us bonds to buy other currencies. wow!