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SELECTED PRESS RELEASE:
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posted on:
6/12/2012 9:54:31 AM EST
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The Debt Ceiling Raised – Here Comes QE3..
debt, government, dollar, money, gold, bankrupt, Quantitative Easing,
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I am by no means an expert on this subject, I am not a licensed professional and I do not give financial,tax or legal advice. Okay, here we go. Some people say that the Republicans won, some may say that down the road the Democrats won. I don’t know who wins, but I can tell you who looses – ” The Hard Working American People” . Because, here come QE3! Quantitative Easing – The printing of money out of Thin Air.. In the game Monopoly the rules are that the Bank can Not run out of Money, so if they do, then you just take plain paper and write the domination’s on it and Puff , just like magic, the bank has more Money. right out of thin air. Hmmm –That is what governments are doing How about the “Bailout” of the banks,credit card companies.. – did they Bail out – The People,, NO! The People are paying for it.
It’s not real money my friends, they are notes.. yes IOU’s printed on the backs of all of us. There is nothing backing it since the Gold standard was completely removed in 1971. Yes, it was said that the people had confidence in the paper and it was no longer necessary to back it by gold. You see, they needed more money to finance things and there was not enough physical gold in the vaults to back it, to be able to print more. So, simply, remove the gold standard and print all the money you need.
Before the Dollar was introduced our Money was gold and silver coins. The dollar was introducedand it was backed up by real money. If someone wanted their gold or silver back, they could turn it in for their gold and/or silver. Well, try that today. What will you get? Nothing, because it is not backed by Gold It’s backed by Nothing except confidence of the people. Well, ladies and gentlemen, the confidence is starting to erode as the paper continues to debase and loose it’s purchasing power. The Dollar eventually will reach it’s True Value – Zero! Every paper currency throughout history, has gone Bankrupt..yes, I said, Every one.. Don’t take my word for it .. Google it.
In conclusion, printing paper out of thin air will lead to the worsening of inflation and the rise in prices of goods and services that we all need.
I am taking a percentage of my paper money and exchanging it for real money, Karatbars Gold Money! (that’s just me – I give No financial advice) .. Many experts are saying that one should take from 5 to 20 percent of their assets and put it into precious metals .
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| | |  | | Very informative and nicely elaborated post thanks for sharing |
| | |  | | Nice Blogpost.Thanks for sharing this with me.Have a great day. |
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