This is an article I wrote on the subject.
The U.S. federal reserve has taken the driver’s seat and has now put us on track to have a head on collision with hyper-inflation, effectively killing the economy, and ruining our currency as they announce plans to pump 1.2 trillion into the economy by buying mortgages and government debt. With less and less buyers hungry for government notes as our deficit climbs to new records every day, the treasury has found itself unable to sell enough notes to cover their credit. U.S. debt has now become a risk that few want to take, as apparent noting that just a few weeks ago, Secretary of State Hillary Clinton rushed to China, urging them to continue buying our debt as prominent figures in the Chinese government are beginning to lose faith in our ability to repay these loans.
In case this all sounds odd to you, it should. Basically, what is happening here, is that the government has begun to print money in order to pay itself, which mind you, is never good. This causes the value of our currency to devalue, which will begin to cause super inflation everywhere. Just about the entire world trades in U.S. Dollars, with most commodities, including oil, being affected. I’m sure that rising gas prices have not escaped anyone, and many are wondering why, given the world wide depression. When more money is printed, the value of the dollar declines, which causes everything that is traded on the dollar to go up in price. If you think about it, the government is helping to increase the transfer of wealth from the U.S. to foreign oil producers. In the end, we have even less money, while these other nations have more of our money.
As the fed creates more money out of basically, thin air, the value of the money that every person here in the U.S. holds is steadily becoming worth less and less. This in turn causes banks to lend less money, slows business development, and increases unemployment as businesses hemorage money beyond their control. This all in turn slows the economy even further, pushing us further towards the next great depression. Now while we’re already struggling in the water, the government has done more to push us out to sea then pull us back to shore.
There is only one way out of this, don’t let anyone tell you otherwise, because they are wrong. We have to begin immediately cutting government spending and begin paying down government debt. Stop the printing of money and begin slowly reducing the amount of “bogus” money in the system in order to help bring stability back. Stop intervening so heavily in the market and allow bad decisions to catch up with those who made them. There are plenty of people willing and ready to pick up the ball where others have dropped it, and by encouraging these poor behaviors by saving the people that made bad decisions, the ability to continue on with stronger, smarter competitors in the market is diminished tremendously.
Please, when you go to the polls the next time, consider heavily what your vote might do to this country. Because if you vote the very same people back into office that have done this, they will surely bring us the rest of the way down. Don’t keep this information to yourself either, let everyone know the problems here and let them know just how important this is. Your future depends on this.
