The fed has destroyed the American dollar. Beklieveing that reducing it's value, we can pay back our obligations 9to China) with dollars woth less, ie worthless dollars, we have cut the bottom out from under our foundation. THE US ECONOMY IS IN FREEFALL.http://www.rollingstone.com/politics/news/the-real-housewives-of-wall-street-look-whos-cashing-in-on-the-bailout-20110411?page=3Even more disturbing, the major stakeholder in the Bahrain bank is none other than the Central Bank of Libya, which owns 59 percent of the operation. In fact, the Bahrain bank just received a special exemption from the U.S. Treasury to prevent its assets from being frozen in accord with economic sanctions. That's right: Muammar Qaddafi received more than 70 loans from the Federal Reserve, along with the Real Housewives of Wall Street..............Folks, the Chinese have a famous saying...Even between brothers the money must be straight.In fact, the US has been using fuzzy numbers to report inflation since Clinton, and this results in a false GDP. Yep, more lies.http://www.chrismartenson.com/crashcourse/chapter-16-fuzzy-numbers(I can still hear those Chinese students laughing at Geitner!)meanwhile, back to WAG THE DOG, we just spent some 600 million to start up the Libya campaign, the first battel for Africa, in America's continued defacto war against China.Think about it this way, why limit oneself to bows and arrows, when you can use proxies, economic, and other unconvential methods of waging war. Meanwhile, back at home, the land of the free and the brave, a homeless women has been sent to jail for stealing an education for her child by enrolling him in the wrong spublic school.
http://www.chrismartenson.com/crashcourse/chapter-16-fuzzy-numbers................Now… The Fed Reserve will meet this week, and here’s where I think the circuit breaker that I talked about last week will get turned on… So be careful this week, folks… The Fed could pull a rabbit out of its hat, ala-Bullwinkle, and come to save the day… (Yes, I’m laughing hysterically right now) Or… Top Fed Head Big Ben Bernanke, will simply repeat what he, and his fellow, quantitative easing-loving Fed Heads have had to say recently, which is that “it’s too early to pull the stimulus away”… And they are going to go the distance with QE2, which is the end of June…A few weeks ago, I talked to you about what happens at the end of June when QE2 officially ends… I was concerned that with QE2 ending the markets would take that as a signal that the Fed believes all is OK in the US and a flight back into dollars could take place… For Treasury yields will certainly go higher with the Fed removed as the major buyer of them. When the Fed removes their stimulus – or “financial cocaine” as I call it – stocks are going to get hit with a hammer… and all the flow will be into Treasuries…But, that only lasts as long as it takes for the economy to fall on its face, after going cold turkey, and then the Fed will be back with QE3, and QE4, etc. This shouldn’t be anything new to your eyes to read, for I’ve talked about this for some time now…Read more: China Makes Plans to Diversify Its Dollar Reserves http://dailyreckoning.com/china-makes-plans-to-diversify-its-dollar-reserves/#ixzz1KYwET2II.............."Look out kid they keep it all hid" by Bob Dylan