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fb101
Administrator
USA
2856 Posts |
 Posted - 03/17/2009 : 16:44:40
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On Glenn Beck's show today he talked about the way AIG disposed of the money they received. Roughly 60% went to foreign countries including UK and Germany. Now watch this....
A bloomberg article yesterday about foreign gov'ts pouring billions into the dollar You must be logged in to see this link.
Here's the deal; We give money through AIG and other bailouts to foreign countries, who are using the money to buy dollars, forcing up the dollar. And they're using those dollars to buy treasuries giving the appearance that this is not actually the US just running the printing presses, when in fact that is precisely the only thing that's happening.
This protects their dollar assets (strong dollar).
But the bottom line is, we're printing dollars to buy dollars, meaning this is actually an inflation machine!
And if and when it falls apart, the dollar could become all but worthless literally overnight.
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I found the big bad inflation machine!!
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