On 03/08/2011 8:20 PM, wf3h wrote:
On Wed, 03 Aug 2011 09:07:14 -0600,
wrote:
Not only has China reduced the US credit rating, they have reduced their
holdings of US debt. Once as high as $2.1 trillion, now only $1.15
trillion as everyone knows, USD is experiencing Bernanke currency fraud.
No one buys US treasuries any more, Bernanke prints it.
The Bernake doctrine of inflation causing unemployment:
inflation is running at about 3%. IOW canuck doesnt know what he's
talking about
First, no one believes the governments own bull**** numbers.
An interesting chart suggests gold tracks debt, debt limit and inflation....
http://www.telegraph.co.uk/finance/p...-year-end.html
If you use a government inflation calc, it does not take long to see
their numbers are pure bull****.
The very debt incurred causes the depression.
--
Seems like paying your bills with real money is no longer the accepted
behavior in USA. Perhaps that is the problem and not the the solution.