The Home Of The Bruce Collins Show

Tuesday, February 10, 2009

What Does Several Trillions Buy? How About A Website?

www.financialstability.gov

And why doesn't this make sense?

We take out large debts to buy homes, cars and now, as a nation, we take out large debts to 'stimulate' the economy.

And, now we have called it "stability."

This is what the Fed promised us in 1913.

Price Stability.

Have they delivered?

Consider this- a dollar in 1913 is now worth less than two cents!

In the last thirty years, we have been a nation of massive (not cyclical) booms and busts.

Ah yes, price stability.

Brilliance.

Does anyone really believe this website will be 'transparent'?

Question- Is this retroactive to the first bailout- when many dollars allegedly went overseas (your money)? Will we really see where the money went?

Do we really collectively trust these people because they use words like "hope" and "change"?

Let's define stability, in a post- gold standard world, in one word:

INFLATION.

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