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Fed creates phony "virtual money" w/ a keyboard - ABC News



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SteveMT's picture

China & others now know the scam, and they are pissed.

I guess that is the real reason for the Fed money printing. No one else is buying our debt anymore.

China leads backlash against US stimulus as risk of currency war, protectionism grows
China led an Asian backlash against US measure to boost an economic recovery which has stoked concerns that a flood of 'hot money' could destabilise regional economies.

http://www.telegraph.co.uk/finance/currency/8111920/China-le...

northstar's picture

Yup

But it's still spendable money, so we'll still call it like it is, cranking up the printing presses.

Real eyes realize real lies

We want our country back

Every year is a year for Ron Paul!

Nostradamus said we would be enslaved by machines.....

"And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale." Thomas Jefferson

http://www.monticello.org/site/jefferson/private-banks-quota...

Thats

right.

Those who expect to reap the blessings of freedom must. like men, undergo the fatigue of supporting it.-Thomas Paine

The R3volution requires action, not observation!!!!