NEVER SAY NEVER. . .

REF: NEVER SAY NEVER TO MONETIZATION- by The Mogambo Guru,

Safehaven.com 9.10.09

NEVER SAY NEVER TO MONETIZATION

"If you want to know what kind of monetary morons we have in charge of the Federal Reserve, then you have come to the right place, because a record of sorts was set last week, in that the loathsome, disastrous Federal Reserve bought up - in the last 12 short months - $1.011 trillion in US government securities! Yikes!

And remember... This is the Federal Reserve! This is a lousy private bank operating irresponsibly, at the behest of the Congress, and whose shadowy owners include, to one degree or another, foreigners and foreign central banks that are operating by the grace of their own governments which are just as corrupt and desperate as our own, but it was the Fed that created enough money to buy a trillion dollar's worth of US government bonds for itself! A trillion!

The actual, in-your-face federal deficit was $2.130 trillion in the last 12 months! The deficit-spending by Congress is a whopping 15.2% of GDP, for crying out loud! [Added to the already National Debt of $9.662 Trillion.]. . .

So, being the cantankerous sort that I am, suspecting treachery at every turn and disaster at the hands of the corrupt, the ignorant and the stupid that we lovingly call "Congress", let me note that the morons of Congress have spent $2.6 trillion, plus $2.1 trillion equals $4.7 trillion, which they spent in a $14 trillion economy! The government is spending the equivalent of 34% of GDP! Gaaahh!

And it is going to get worse and worse because the Fed is doing the more and more of the same thing that created the economic problem in the first place! Gaaahhh! We're freaking doomed!”

With Love and Kindness,

THE HATMAN