Comments on: Federal Reserve Chairman Ben Bernanke Warns Congress That The Federal Reserve Will Not “Print Money” To Pay For The Exploding U.S. National Debt

By: daniel simmons

daniel simmons — Tue, 02 Mar 2010 08:39:04 +0000

hyperinfaltion would hurt us i agree but what people do not relize is that china has the lowest gold holdings of all countries. gold prices would shoot thhrough the roof as the dollar collapsed and americas gold reserve would offset the decline in the dollar. that is if the FED has not secretly sold off our reserves then they would be be jailed and the FED would come to an end as we know. Maybe thats why they are scared of and audit. Buts lets say that they where honest and kept an honest account of the reserves the US Goverment has given them to hold for storage. China would be so screwed their dollar would be worth nothing and they have measly 1.5% to back up thier forgien exchange reserves. So while everyone is running around talking so much trash about the US and our currency maybe they should do a little homework. Yes prices would go through the roof but Im sure as Americans most of the junk we buy from China at Walmart is really not needed. Not to mention that the value of the Chinese dollar would rise against the dollar and they would be shut out of thier biggest export market America. So you see who is the Bitch now. China is so screwed and they do not even know it. they have been printing so many dollars over the years to keep the value of thier dollar low against the US Dollar that when the dollar falls they would be left with a glut of Chinese dollars and would sprial into HyperInflation in a short period of time. I do not like the FED but China does not relize that they are playing with the Monopoly Men they made the rules, created the game and now they will take China down, but they will also take down middle class American at the same time. Not to mention that America is the bread basket to the world. People can live without extra consumer goods but they must have food. We have the strongest militray in the world and the wars we are fighting now are political its not real war. If America really wanted to fight a real war and unleash the full force of the US Military thiers not much any country could do except Russia. Now being that we supply Russia with 25% of thier food supply you tell me who side do you think they will be on. CHina selling then useless consumer junk from thier slave factories or food from the US Bread basket. People really need to wake up. We are in for some rough times but other countries had better wake up. To think that America is weak and they can take Americas position in the world is a grave mistake. The last country to do this was Japan and even after they bombed pearl harbor thier Top Militray Commander said it was the worst mistake. They had awaken the sleeping Tiger. Yes America is asleep right now but not for long as I see it. Oh and lets not forget now that America has taken over Afganastan, this country has become the Number 1 producer of herion in the world. Being that both russia and Iran is on Afganastans border they are both polluted with herion. Both countries acknowlege thier growing herion addicts and both have it as natiional security threat in thier countries. Oh additional all that growth in China the new world power let see, at what cost has all that growth come at. China’s five largest cities are considered ecological disasters by the UN and other world governing bodies. Has anyone been China I have its a mess, I would not drink the water bought bottled water. Thier rivers are acidic the rain is acidic and is runing thier soil. There crops production per acre is low and is fallen lower ever crop season from over fertilization. In a matter of 10 years thier people will be starving. Oh I guess we could sell them some of our food are maybe we could let them starve who knows what the Monoply Men have in store for China!!

country tons forex reserves (%)
1 United States 8,133.5 68.7%
2 Germany 3,407.6 64.6%
3 International Monetary Fund 3,005.3 –
4 Italy 2,451.8 63.4%
5 France 2,435.4 64.2%
6 China 1,054.0[12] 1.5%
7 Switzerland 1,040.1 28.8%
8 Japan 765.2 2.4%
9 Netherlands 612.5 51.7%
10 Russia 607.7[13] 4.7%

By: ROBERT

ROBERT — Sun, 28 Feb 2010 15:21:36 +0000

WHO STARTED OUR U.S. GOVERNMENT COLLAPSE MONEY IN FERERAL RESERVE ?. NO.1 – “YOU – OBAMA – BERNANKE” !!.

AGAIN “WE THE PEOPLE” DEMANDED TO HAVE “AUDITORS” TO INSPECT OUR MONEY INSIDE “FEDREAL RESERVE” AND “FORT KNOX GOLD VAULT” IN ARMY BASE IN KENTUCKY !.

HEY “BERNANKE” WHERE ARE OUR $ 13,000,000,000,000 (TRILLION DOLLARS) , MISSING FROM THERE ?. PLUS RECENTLY CONGRESS GRILLED BERNANKE WHERE IS ANOTHER
$ 2,000,000,000,000 TRILLIONS DOLLARS GOES ?. WHY SO SECRET FROM AMERICANS MONIES ?. ADMIT IT !. YOU, BERNANKE AND OBAMA HAD SECRET MEETING IN WHITE HOUSE MOST OF TIME. BOTH OF YOU AND OBAMA KNEW WHERE OUR MONIES ARE !.

NOW SECOND QUESTIONS: WHAT IS WRONG WITH FBI AND U.S. MARSHALL ARE DOING NOTHING AND SITTING AND HIDING ISLANDS SOMEWHERE AND COMFORTABLE. WHO PAYS YOUR TO DO THAT ? ” “WE THE PEOPLE” ARE SUCKERS AND PAID YOU SOMEWHERE !. ARE YOU MEMBERS OF CRONIES ?. WE THINK SO !.

THEN FIRED THEM ALL EVEN “OBAMA AND HIS CRONIES” NOW,NEXT WHAT IS WRONG WITH OUR OF ALL CONGRESS BOTH HOUSES, THEY ARE PART OF SCHEMES AND STOLEN MONIES TOO. FIRED THEM ALL TOO AN D SEND THEM ALL TO “TEA PARTY NATION NEUTRAL SUPREME COURT” ! AMEN

By: arnold winter

arnold winter — Sun, 28 Feb 2010 05:04:44 +0000

the federal researve is a private bank.we could use our u s treasury to run our goverment! 1

By: MIke Adkison

MIke Adkison — Sat, 27 Feb 2010 22:40:05 +0000

One things for sure. We’re going to have electricity! They have to keep the lie box glowing and spitting out lies.

By: kenny

kenny — Fri, 26 Feb 2010 17:33:34 +0000

wake up america…..we the sheeple are being slow cooked alive….and we do nothing but snivil about it on bloggs…..when will we start to get serious about the punking that we are taking and get there attention….this is not nazi germany yet this is bull

By: CWD

CWD — Fri, 26 Feb 2010 17:32:56 +0000

The Fed is printing money in a differnt way by buying Fanny and Freddy debt.

By: Henry C.

Henry C. — Fri, 26 Feb 2010 13:56:00 +0000

Com’on now! The US lives on printed money; if it doesn’t print, it dies! The US is a crack addict without available rehab.
Just like Geo. Soros says that gold is the ultimate bubble and then turns around and buys a whole bunch of it, Bernanke says he’s stopping the presses….he’s lying, again.

By: CL17

CL17 — Fri, 26 Feb 2010 13:55:47 +0000

This was the plan all along – the banks got everyone to go long and rack up massive debts – then they got short, and instructed policy makers to vaporize the money supply.

asset prices will now fall back to 1980 levels, and they’ll be there to buy from a ruined people at pennies on the dollar. once they’re long again, they’ll turn the money machine back on.

Austrian economists and other critics of the FED / IRS have been saying that this situation would unfold – exactly as it is – for the last 7 decades. all the while, their voices were silenced or marginalized.

too many ticks on the dog will eventually kill the dog. parabolic increases in bankruptcies and foreclosures are proof that the dog is already dead. the parasites overplayed their hand – and now they’re trying to scale down – but it is too late.

massive tax increases and spending reductions? in the first innings of a deflationary depression? it should be comforting that these guys are openly admitting that keynesian economic theory is useless in this environment. but they’re not being honest about what the future hold – especially for the citizens of big cities on the coasts …

the only way to stop the deflationary vortex would be MASSIVE debt and tax relief – and that’s just not going to happen until the bankers are satisfied that at least 80% of the population is bankrupt and homeless.

that’s how people feel, anyway – and that is why people are so afraid. radio talk show hosts are fielding fearful calls from listeners asking if it is true that the US Government is building concentration camps for people who can’t handle their tax increases …

critics of our central-bank-driven-government have always said that the system would collapse “someday” because of structural imbalances and institutionalized fraud and crime and corruption (intellectual, political, and otherwise).

turns out that “someday” was the Fall of 2008.

By: Johansyd

Johansyd — Fri, 26 Feb 2010 11:49:10 +0000

Everyone should read, ‘The Creature from Jekyll Island’! It’s a fantastic book about the Federal Reserve and shows what the Reserve is REALLY about.

By: chris

chris — Fri, 26 Feb 2010 09:27:18 +0000

If Americans had a spine.

I am Cdn, it looks and sounds like Americans are rolling over and playing dead….but for how long…one day the banksters are going to push too hard. Maybe Amerians will wake up when a chinaman comes to his house to repo his Escalade…ouch that hurts…interesting times just ahead…good luck to us all !!

By: Steve

Steve — Fri, 26 Feb 2010 05:08:41 +0000

News 8/12/2007:Helicopter Ben earned his name some years ago by giving a speech in which he said that he could stop a panic from becoming a depression by dumping bales of dollars out of helicopters to provide stimulus. He has thus always had a hyperinflationary overtone.
So if you believe the past ..then now he is lying again to fool the public. We will for sure reach a hyperinflationary period and a collapse of the U.S. economy. Its the only path to take. Destroy the economy to save the elite.

By: Stu Lowndes

Stu Lowndes — Fri, 26 Feb 2010 02:09:54 +0000

Woe! Knuckle ball from the Fed! This seems like the moment where the pilot announces he’s going to attempt a crash landing! Buckle up!

Posted!

By: vivzizi

vivzizi — Fri, 26 Feb 2010 01:48:24 +0000

Well it’s pretty clear.
First in a way the private lenders who own the fed have acted like the debt pushers they are and having gotten the debtor hooked are now getting ready to raise prices so they can make a fortune.
Second many of the people behind the fed are the same neocons who have been trying to “starve the beast” that is the US Government to killsocial programs. They wanted to do that by getting the country in so much debt that it HAD to close government programs which will also included by happenstance all the oversite of legal issues so business will be free to rape and pillage without oversight.

So they get both.

OF course the government could just declare the FEd a usurous, traitorous enemy of the stat and treat them like the economic terrorists they are and search them out around the world and lock them up and declare their usurous debt holding void.

IF people had a spine.

vivzizi