Bernanke Warns Deficits Threaten U.S. Financial Stability

June 3, 2009 by · Leave a Comment
Filed under: Policy News 

Why is it that we have to go with far to realize in a system where you issue debt to issue money, deficits actually matter.  We have known this for decades, but now some how we have now figured this out.  Obama is going to either cut back his budgets or make serious cuts in other places to make his goals happen.  The other option that I have been looking into is changing the way we “issue” our money.   The days of the private Federal Reserve are numbered and I see the “Greenback” coming back.

News (Bloomberg):

Federal Reserve Chairman Ben S. Bernanke said large U.S. budget deficits threaten financial stability and the government can’t continue indefinitely to borrow at the current rate to finance the shortfall.

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The Coming Pandemic of Debt Based Paper Money

May 22, 2009 by · 1 Comment
Filed under: Opinion 

Editor’s Note: This was emailed to me from a very good commercial mortgage lender friend of mine.   I am not sure of who the original author is, so if you do know, please email me so I can give him credit and a link.  This article is spot on and now we are seeing gold react during the traditional slow season when you see gold prices drop, they are instead approaching the $1,000.00/oz. USD mark.

It is short-sighted to think we can bailout all these bad actors, run trillion dollar deficits and think that it will not have serious issues coming down the road in the form of price inflation and possibly a collapse of the U.S. dollar.  One thing I do think we will see is the end of debt-based fiat currencies issued by private central banks, it really makes no sense to borrow from yourself at interest just to issue your currency.  Is the Greenback going to make a comeback?

Article (Author Unknown):

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