I was reading my Casey Daily Dispatch email and this particular article was about Inflation and how prices were going up on everything so the Feds are worried about deflation, ( really?). They are going to print 600 billion dollars, approximately 75 billion monthly to buy treasuries to “help the economy”.
Let’s Print Money and Give it to Goldman Sachs!
This You Tube video on quantitative easing explained clearly states that the Feds are going to buy treasuries with the newly printed money even though printing more money is not a good sign for any economy and it is usually a last resort. The most infuriating part of this video is the part where it explains that most people who want to buy treasury bonds buy them from the Federal Reserve but Ben Bernanke and William Dudley are going to buy them at a much higher price from Goldman Sachs. The video also states that William Dudley use to work for Goldman Sachs and it blatantly states that the Feds are allowing Goldman Sachs to rip off the American people.
If A President Likes You, You’re Qualified! No Experience Needed!
This viral video reveals that Ben Bernanke has no experience in business and no one every voted him in. It seems as though he was the sole decision maker in the printing of more money but if you read the full press release from the Federal Reserve System you will see at the bottom that the quantitative easing was voted on and everybody but one person voted in favor of it. Of course, the first 2 names on the list were Ben Bernanke and William Dudley so one has to wonder if the others were just following their lead. The only person who voted against this decision was Thomas M. Hoeing because he believes that it is not worth the risk to purchase these treasuries and that making more money could cause big problems over time. The “Quantitative Easing Explained” video states the economist think it’s a bad idea to print more money at this time also.
Near the end of the video it explains that Bush put Bernanke in charge and Obama, the president who is suppose to represent change kept him there. It actually blames Bernanke for the internet, stock and housing bubbles and the sub prime crises.
A Bashing End for Obama!
And last but not least this video ends with one animated character wanting to bang his head against the wall and another one suggesting he don’t, because of health care cost, which Obama was suppose to make affordable.
As we all know information on the internet is only as good as its source and all I know about this video is that someone named Malekanoms made it; he is 34 years old and he has created a compelling video that simply explains and outright states that the Feds are going to print money and just basically give it to Goldman Sachs. It’s not going to help the economy, it will not create jobs, in fact, the only people it will help are Goldman Sachs. I personally compare it to the bank bail out, the government gave the banks a lot of money and no one really knows what they did with it, they certainly didn’t start loaning to the people which was what they were suppose to do with the money. What this video doesn’t state is how “we” the angry citizens of this country can stop our leaders from creating even more crisis and stop giving our hard earned money to the wrong people under the pretense of “helping the economy”.