Quote:
Originally Posted by host
Anyone who studies the history and demise of all fiat currencies, knows the truth about Bernanke's priorities.
Bush and Bernanke, intentionally or inadvertently, will bankrupt and impoverish most of us. Look forward to inflation, collapse induced deflation in housing, wages, stocks, and most other assets held by average Americans,
followed by the mother of all inflations, the final implosion of the spending power of the U.S. dollar....but not necessarily in that order, over the nextt five to eight years.
Can any informed observer not agree that the FED has certainly gone on, after Bernanke's "printing press" speech, to "print money and distribute it willy-nilly"? The early 2000 stock market "bubble" was handily morphed into the current realty, or housing "bubble". This "willy-nilly" policy has only postponed the inevitable, undermined the stability of the currency to a crisis state, and made it nearly impossible for a stable economic future in the U.S.
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I'm glad there are others who understand that the FED literally prints more money when the government needs it. To me this seems like the number 1 economic problem facing the US.
As long as this guy is more of the same, then we are in trouble. There's no sign of him doing anything about the fiat currency. I think your prediction of 5 to 8 years before another collapse is pretty accurate.