Gas Prices Predicted To Top $6.00 Per Gallon In 2009
While this is a topic that requires an entire article to itself, the short version is that the Federal Reserve is diluting the value of the US dollar by creating billions of dollars out of thin air in order to bail out the giant Wall Street firms which have created a financial quagmire. While the subprime mortgage crisis is very serious, it pales in size compared to the real crisis, which is a result of artificial valuations of structured financial packages that include trillions of dollars of derivatives. The worlds financial system is freezing up and crumbling as a result. The Federal Reserve has already stated in the recent Bear Stearns case that these firms are too big to fail and will be "rescued". They are too big to fail because of the derivative contracts that they have issued. If one of these giant firms fails, all of their derivative contractsalso fail. That would create a domino effect throughout the world, and the world's financial system would instantly seize up. This is no small matter. The Federal Reserve has no choice but to continue to bail out these firms. And the method of "rescue" is to create money out of nothing and loan it into existence to these firms. In the past several months alone, over a quarter of a trillion dollars have been created in bailout money in the United States. This will continue. The result is a constant diluting of the value of the dollar. When currency is created out of nothing and injected into an economy, it takes a while for the dilution process to occur. The lag time is typically 5 to 8 months. Therefore, the money that has already been created in the spring of this year will cause the negative effects to be felt in the fall and winter of this year.Pages: 1 2 [3] 4
Xaíec_Bèëøï comment`s:
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22.03.2010
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