Comment: I am not sure NY Times journalists understand the issue

(See in situ)


I am not sure NY Times journalists understand the issue

The FED had already promised to "print" at least $40B/mo until 2016 to assure Obama's rule without riots. Peter Schiff indicated that the FED can print up to $95B/mo.

But lets stick to $40B/mo. If that money goes to private banks' reserves, then (considering 5% reserve requirement) it will generate $4.3 TRILLIONS of new loans available EVERY year. Obama and Wall Street does not need to do a thing. The collapse will be years after Obama is gone and can be blamed on GOP and capitalsm.

The hyperinflation will be years later due to money flowing overseas (foreign banks reserves, petrodollars, etc.) rather than circulating here. Gerald Celente may be disappointed.