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      01-30-2008, 07:18 PM   #24
Chunga
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Quote:
Originally Posted by Bobby_Light View Post
Our economy is NOT fine. We are staying afloat by borrowing money from China and printing money out of thin air. The economy will collapse at sometime if these trends continue. The FED is obviously concerned as they have cut interest rates twice in a 9 day period which is RARE. Unfortunately, these are artificially low interest rates which is where our problem begins. You can only lower interest rates by increasing the money supply which leads to inflation and a further devaluing of the dollar. This cycle of borrowing money from Asia, artificially lowering interest rates, and printing money is cleary a backwards monetary policy. The Federal Reserve System is a joke; your money is being stolen as the dollar continues to weaken. All paper currencies are vunerable to collapse, and our dollar is no exception.
Nice to se some clear speaking there. Thats what we are reading over here.
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