Internet Anthropologist Think Tank: Fed Reserve magic money WAND

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    Wednesday, December 08, 2010

    Fed Reserve magic money WAND

    This blog set to diaplay 20 days of posts. Sorry Blogspot only shows 3 days, waiting for a Google fix, G

    The Bernake with money wand

    Ben Bernanke is buying up $600 Billion of Treasury's, to help the economy.
    Where is he getting the money? He is printing it.
    So the Federal Government just sold its self $600 billion of its bonds.
    Its just a book transaction so the Federal books look like they balance.
    But they haven't sold any bonds to any one, they bought them with
    magic money, created by the Bernake money wand.

    Instead of dropping the $700 billion in tax breaks for Billionaires,
    actually producing $600 billion to buy the bonds, the Federal Reserve is
    printing up the money. Thank you Republican Whores.

    I am at a loss on how to describe how wrong this is and now dangerous 
    it is to the American Economy.

     This video gives you some Idea.

    The Daily Show With Jon StewartMon - Thurs 11p / 10c
    The Big Bank Theory
    Daily Show Full EpisodesPolitical HumorThe Daily Show on Facebook

    Link if the vid doesn't work

    The Republicans are maybe doing more damage than the Terrorist.
    Only time will tell.

    Series 7 & 3


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