Tuesday, November 26, 2013

More along the lines of the Brain Gremlin's financial advice on canned food and shotguns. The "Mother of All Tapers."

Dangerous Collective Delusion at the Fed
But while the Fed was gaining much attention by saying nothing, the Chinese made a blockbuster statement that was summarily ignored. Last week, a deputy governor of the People's Bank of China said that buying foreign exchange reserves was now no longer in China's national interest. The implication that China may no longer be accumulating U.S. government debt would amount to the "mother of all tapers" and could create a clear and present danger to the American economy. But the story barely rated a mention in the American media.

3 comments:

Anonymous said...

quote:"The implication that China may no longer be accumulating U.S. government debt would amount to the "mother of all tapers" and could create a clear and present danger to the American economy."unquote

Most U.S Citizens don't even know the Fed is a private corporation, nor how money is introduced into circulation, nor the fact that debt rules theirs, and the next 10 generations of their progeny lives. Personally, I think if people REALLY knew how this system is set up, there'd be a revolution tomorrow. It is the debt to China that has allowed Empire to expand by virtue of the 16th Amendment,
while allowing the industrial base of America to stagnate and our infrastructure to crumble. Frankly, I hope China does refute the dollar. It's one of two things that will stop this insidious world wide expansion of evil. The other is by virtue of the 2nd Amendment. And they know it. Perhaps the first will cause the second. Who knows. Not that I want to see that one. But I hate cleaning my toilet too.

FedUp said...

http://www.fatwallet.com/forums/finance/1316338/

Anonymous said...

If you think that the collapse of dollar will stop evil, you are badly mistaken. This kind of evil, though enhanced, has been around much longer than the dollar.

It can only be destroyed by the ropes and bullets of good men and women, when the laws are no longer used against the guilty but always, against their victims and enemies.

You are here.... The map cannot be any more accuate.