Thursday, December 13, 2012

QE 4

Not Queen Elizabeth IV
QE 4 means "Quantative Easing part 4." This is the invention of Ben Bernanke, the Federal Reserve Chairman. Bernanke is deliberately devaluing YOUR dollars by printing money out of thin air. Unfortunately this is all quite legal. Thank both Congress and President Nixon.

Congress created the Federal Reserve Bank in 1913 which was supposed to protect our American dollar. However since its inception the dollar has decreased in value 96%. The net result is the insidious tax otherwise know as INFLATION. We don't even know who owns the Federal Reserve Bank. Perhaps George Soros has a piece of the action.

President Nixon in 1974 abolished the Gold Standard. This allowed Congress to establish a debt ceiling which lets them spend money they don't have and it allowed banks to use fiat currency without backing it up with gold. The next affect over time has been to devalue our currency and to allow the Federal Reserve to print money out of worthless paper. Our currency is NOT backed by anything!

Latest Easing
Now Ben Bernanke is launching another round of devaluing our currency. He's now printing $45 BILLION dollars a month and is buying US Treasuries with the valueless money. This act used to be against the law, but our Congress said that it was OK for the Treasury to sell bonds to the Fed. That's called "Monitizing" the debt. It's the best way to make American dollars worthless. You print money on worthless paper and then use it to buy bonds sold by the Treasury to help reduce our debt. The net affect is to debase our currency and cause increases in inflation.

Bernanke knows this and continues to perform this operation.

Action To Take
Demand that Congress put a stop to these destructive practices and FIRE Ben Bernanke!

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