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Stimulus and $1 billion dollars!!!
Submitted by RogueCaspian on Thu, 02/12/2009 - 12:30
I thought this was great! Puts a big number a little closer to my perspective... http://www.theanonymousamerican.com/index.php?option=com_con... » |
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I did the math
$1000 per day spent since the birth of Jesus is only $733 billion dollars!!! Assuming he was born on Jan 1.... amazing, its not even the stimulus...
365 days a year 2009 years...
How much of
that money will actually filter down to the people?
How much of
I would say that effectively zero dollars will filter down to the street, because those dollars have already been distroyed in defaulted debt instruments. By my humble calculations they must create somewhere in the neighborhood of $1.5 - 3 trillion of new taxpayer debt before the money supply will reach the level of Q1 2008. By that point in the game, they will have stolen at least half of the purchasing power of those who saved cash through the credit bust. Their team goal has to be to make credit more attractive than thrift once again. I hate to say this but, it is not like we haven't seen this play call before . . . .
From what I hear,
expect working Americans to keep $13.00/week more when the stimulus bill passes.
I guess that the $13.00 is the change that Obama was talking about in his campaign.
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"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
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Ha!
We may see some of it at some point, but id imagine it will be well after others have spent it and profited!
Disgusting!
It really is sick when you look at it that way . . . we are enslaving generations yet to be born. Jefferson is turning in his grave. It is a sad time for the world.
This makes the prospects of getting rid of the Fed
even more unlikely, because they're not going to be able to raise taxes high enough to pay for it. They'll have to pay for it by taxing us through inflation.
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The Fed is not a private bank. PRIVATIZE THE FED!!!
"The Federal Reserve Banks should simply be regarded as governmental agencies." -Murray Rothbard
"I now call the Federal Reserve the fourth branch of government." -Ron Paul