The Ice Blog

by Ice

Federal Reserve sets stage for Weimar-style Hyperinflation

“The Federal Reserve has bluntly refused a request by a major US financial news service to disclose the recipients of more than $2 trillion of emergency loans from US taxpayers and to reveal the assets the central bank is accepting as collateral. Their lawyers resorted to the bizarre argument that they did so to protect ‘trade secrets.’ Is the secret that the US financial system is de facto bankrupt? The latest Fed move is further indication of the degree of panic and lack of clear strategy within the highest ranks of the US financial institutions. Unprecedented Federal Reserve expansion of the Monetary Base in recent weeks sets the stage for a future Weimar-style hyperinflation perhaps before 2010.”

Read the entire article by F. William Engdahl Here.

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December 22, 2008 - Posted by | Bailout, Banks, Credit, Deficit, Deficit Spending, Economy, Fraud, Law, Loans, Politics, Taxation | , , , , , , , , , ,

5 Comments »

  1. […] details: Federal Reserve sets stage for Weimar-style Hyperinflation […]

    Pingback by Federal Reserve sets stage for Weimar-style Hyperinflation | kozmom | December 22, 2008 | Reply

  2. […] the rest of this great post here […]

    Pingback by Credit Crunch » Federal Reserve sets stage for Weimar-style Hyperinflation | December 22, 2008 | Reply

  3. And by driving down interest rates they have stolen the income from retirees like me

    Here is an idea. Let us just never again vote for any incumbent office holder? Result? Automatic term limits, throw the bums out who got us in all these messes we are bailing out for trillions!

    I enjoy and respect your blog. Would you consider exchanging blogroll links?

    I don’t care about whether links and comments agree or disagree with my views as long as they are witty or intelligent, and your blog is both!!

    The only important thing is that we all have intelligent discussions about how to lift up America for our best possible future.

    Our future is what we make it, and idiot Congress and moron elected officials have proven by example that if we do nothing, we have no future.

    It helps to have some entertainment, satire and laughs along the journey.

    My blog address is http://franklynchusa.wordpress.com

    Simply name it “ franklynchusa ”

    If you have time and room,

    My ideological website is worth a visit. It contains my 2008 Presidential campaign that introduced the issues adopted by the other candidates, with a Top Ten List that America needs, is http://www.franklynch.org

    Kindly please name it either just “ franklynch.org ” or “ Frank Lynch the Futurist “

    With passion for our future,

    Frank Lynch the Futurist

    Email frank at franklynch dot org

    Comment by franklynchusa | December 22, 2008 | Reply

  4. Frank,

    At first glance at your site I can see that we do have some difference of opinion. Universal Healthcare frnstance. Healthcare is something the gov. needs to be completely removed from. I say, close the FDA for starters. This is an agency that has been compromised. Why allow a bureaucracy that doesn’t work to have another whack at screwing up even more?

    The smaller the gov. … the better for all.

    Ice

    Comment by Ice | December 23, 2008 | Reply

  5. This week we are seeing the first indications that European politicians are starting to comment on the exploding national debts in public. But Mr. Obama is not there yet. It is time for our political leaders to start explaining us where they see the exit.

    Or, as the FT puts it: “To calm investors’ nerves, finance ministers must make plain how they intend to keep paying creditors without resorting to debasing their currencies. Those who have not already credibly done so are living on borrowed time.”

    I’ve read some interesting related articles on Crunchreport.com.

    Comment by Editor | January 16, 2009 | Reply


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