from groovy girl: Zerohedge reports this morning that the US Money Supply has surged 33% in the past four months. Click here.
And what happened four months ago to cause Ben and his pet banks to “print” more money? The European Debt Crisis started moving to the European banks and US banks, and we had a run on the money market funds causing a huge loss of liquidity for the system. This is QExx under the table for Europe and US Banks exposed to Europe.
Once again, huge amounts of US dollars are being created to try a bailout all global debt problems. It will not work. What it will do is push price inflation first higher in non-US countries and then in the US.
More US dollars in the world monetary system creates a situation where those US dollars will come flooding back to US soil when the rest of the world loses confidence in the dollar. Groovygirl has a feeling that the “powers that be” will not reorganize the global fiat money system until the US is feeling the pain of hyperinflation. By that time, all other nations will already be knee-deep in hyperinflation and the global debt problem will still not be solved.
Be prepared.
No comments:
Post a Comment