Minority Rights Advocate

Fighting for the smallest minority: The Individual

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Living on Borrowed Time: update and confirmation

Posted by mrfixit on December 2, 2010

We bailed out everyone big, at the expense of YOU the little guy.  Who funds the Fed, and the Treasury?  Yes that would eventually be YOU, the taxpayer.  All the money will come at an enormous cost.  Inflation if not massive direct taxation will be used to pay it all back, only the very wealthy ASSET holders will be spared serious consequences, and they are making the decisions!

http://www.washingtonpost.com/wp-dyn/content/article/2010/12/01/AR2010120106870.html

Then there is this quote:  “”That’s what we are paid to do,” he said. “We took an enormous amount of risk with the people’s money,” he acknowledged. But the crisis lending programs are now all closed, he said, “and we didn’t lose a dime, and in fact we made money on every one of them.” “

NO, this is a deception!  Yes the risk of YOUR money was taken by unelected, unaccountable bankers in the Federal Reserve, but did it pay off?  Well if the value of money were constant, maybe yes, but of course they don’t mention the about 30% decline and (still dropping) in the value of the US Dollar.  I don’t need to crunch the numbers to tell you there is NO WAY they got a 30% return on investment, so that means we all took an enormous loss, and it is only the beginning.

Original Posts:

https://minorityrightsadvocate.wordpress.com/2010/11/04/if-you-think-the-economy-is-bad-now%e2%80%a6-you-ain%e2%80%99t-seen-nothing-yet/

On Inflation:

https://minorityrightsadvocate.wordpress.com/2010/11/09/massive-inflation-is-coming-protect-yourself-get-away-from-cash-investments-now/

On our bankrupt governments at all levels:

https://minorityrightsadvocate.wordpress.com/2010/10/21/we-are-living-on-borrowed-time-literally/

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2 Responses to “Living on Borrowed Time: update and confirmation”

  1. silveristhenew said

    Yup, this is the last leg! Taxes will go much higher! Inflation will go much higher! Buy silver : http://silveristhenew.wordpress.com/where-to-buy-silver-as-an-investment/

    This is the only way us common folk can protect ourselves!

  2. […] https://minorityrightsadvocate.wordpress.com/2010/12/02/living-on-borrowed-time-update-and-confirmati… […]

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