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Bernanke’s Warning: We Stand on the Precipice of Economic Destruction
LoP Guest
lop guest
User ID: 89628
04-12-2012 11:31 PM

 



Post: #1
devil Bernanke’s Warning: We Stand on the Precipice of Economic Destruction
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"Bernanke’s Warning: We Stand on the Precipice of Economic Destruction
Kurt Nimmo
Infowars.com
April 12, 2012

Earlier this week, Federal Reserve boss Ben Bernanke again warned that out of control borrowing and spending will eventually destroy the country.

Said Ben to the the Budget Committee:

Sustained high rates of government borrowing would both drain funds away from private investment and increase our debt to foreigners, with adverse long-run effects on U.S. output, incomes, and standards of living. Moreover, diminishing investor confidence that deficits will be brought under control would ultimately lead to sharply rising interest rates on government debt and, potentially, to broader financial turmoil. In a vicious circle, high and rising interest rates would cause debt-service payments on the federal debt to grow even faster, resulting in further increases in the debt-to-GDP ratio and making fiscal adjustment all the more difficult.

But here is something Bernanke didn’t mention – a large chunk of that debt is owed to the Federal Reserve. In February, the corporate media fessed up to this undeniable fact. From CNBC:

That’s right, the biggest single holder of U.S. government debt is inside the United States and includes the Federal Reserve system and other intragovernmental holdings. Of this number, The Fed’s system of banks owns approximately $1.65 trillion in U.S. Treasury securities (as of January 2012), while other U.S. intragovernmental holdings – which include large funds such as the Medicare Trust Fund and the Social Security Trust Fund - hold the rest.

The bankers that own the Federal Reserve love debt and that’s why they continually expand the money supply.

“Without the Fed’s relentless expansion of the money supply during both the Greenspan and Bernanke eras, the U.S. Treasury never would have been able to issue the staggering sums of debt that now threaten our economic well being,” Ron Paul told the House Committee on Financial Services Subcommittee on Domestic Monetary Policy last year. “This Treasury debt is the very lifeblood of deficit spending, permitting one Congress after another to spend far more than the Treasury collects in taxes. It is precisely this unholy alliance between the enabling Fed and a spendthrift Congress that I hope our witnesses will address today.”

It’s a great situation for the warheads in the Pentagon and the military industrial complex. Excluding Social Security and other “trust funds” (no pun intended), the Pentagon spends most of this money. Flush with trillions, they are free to continue and expand the wars necessary for the globalists to extend their reach (as they are now doing in Africa). ..."

http://www.infowars.com/bernankes-warnin...struction/
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It's Hot Here
Registered User
User ID: 83804
04-12-2012 11:33 PM

Posts: 4,712



Post: #2
RE: Bernanke’s Warning: We Stand on the Precipice of Economic Destruction
Funny how he was a pusher for QE/QE2 now he's screaming we're going off of a cliff...me thinks he's positioning for plausible deniability when it all crashes.

It really is.

TANSTAAFL

Ignorance and obscurantism have never produced anything other than flocks of slaves for tyranny...
Emiliano Zapata
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LoP Guest
lop guest
User ID: 90004
04-12-2012 11:33 PM

 



Post: #3
RE: Bernanke’s Warning: We Stand on the Precipice of Economic Destruction
or in other words..

the bankers need another 18 trillion dollars.

Jptdknpa
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LoP Guest
lop guest
User ID: 75448
04-12-2012 11:36 PM

 



Post: #4
RE: Bernanke’s Warning: We Stand on the Precipice of Economic Destruction
“Without the Fed’s relentless expansion of the money supply during both the Greenspan and Bernanke eras, the U.S. Treasury never would have been able to issue the staggering sums of debt that now threaten our economic well being,” Ron Paul told the House Committee on Financial Services Subcommittee on Domestic Monetary Policy last year. “This Treasury debt is the very lifeblood of deficit spending, permitting one Congress after another to spend far more than the Treasury collects in taxes. It is precisely this unholy alliance between the enabling Fed and a spendthrift Congress that I hope our witnesses will address today.”



.....Pretty clear what is up.


Bernanke..trying to cover his ass so he can say" see I told you so"...When he has been entirely complicit.
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Twatwaffle
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User ID: 88858
04-12-2012 11:41 PM

 



Post: #5
RE: Bernanke’s Warning: We Stand on the Precipice of Economic Destruction
CTRL+P
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LoP Guest
lop guest
User ID: 42015
04-12-2012 11:50 PM

 



Post: #6
RE: Bernanke’s Warning: We Stand on the Precipice of Economic Destruction
He could solve the problem by erasing home owner debt. But the bankers would cry.
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LoP Guest
lop guest
User ID: 90004
04-12-2012 11:52 PM

 



Post: #7
RE: Bernanke’s Warning: We Stand on the Precipice of Economic Destruction
LoP Guest  Wrote: (04-12-2012 11:50 PM)
He could solve the problem by erasing home owner debt. But the bankers would cry.

why should irresponsible homeowners get a free home..and responsible homeowners have to pay for their home ?
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Zero Point
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User ID: 86957
04-12-2012 11:53 PM

 



Post: #8
RE: Bernanke’s Warning: We Stand on the Precipice of Economic Destruction
Its Hot Here  Wrote: (04-12-2012 11:33 PM)
Funny how he was a pusher for QE/QE2 now he's screaming we're going off of a cliff...me thinks he's positioning for plausible deniability when it all crashes.

LmaoJhikpghf They think we're a bunch of idiots and they're not often wrong.
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Gibbie
^D ^D ^D whoa
User ID: 49076
04-13-2012 12:14 AM

Posts: 7,069



Post: #9
RE: Bernanke’s Warning: We Stand on the Precipice of Economic Destruction
Its Hot Here  Wrote: (04-12-2012 11:33 PM)
Funny how he was a pusher for QE/QE2 now he's screaming we're going off of a cliff...me thinks he's positioning for plausible deniability when it all crashes.

Implausible deniability Lmao

Challenge your programming.
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Gibbie
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User ID: 49076
04-13-2012 12:15 AM

Posts: 7,069



Post: #10
RE: Bernanke’s Warning: We Stand on the Precipice of Economic Destruction
LoP Guest  Wrote: (04-12-2012 11:52 PM)
LoP Guest  Wrote: (04-12-2012 11:50 PM)
He could solve the problem by erasing home owner debt. But the bankers would cry.

why should irresponsible homeowners get a free home..and responsible homeowners have to pay for their home ?

We could give you an already foreclosed home would that sweeten the deal a little?

Challenge your programming.
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Gibbie
^D ^D ^D whoa
User ID: 49076
04-13-2012 12:16 AM

Posts: 7,069



Post: #11
RE: Bernanke’s Warning: We Stand on the Precipice of Economic Destruction
Gibbie  Wrote: (04-13-2012 12:15 AM)
LoP Guest  Wrote: (04-12-2012 11:52 PM)
LoP Guest  Wrote: (04-12-2012 11:50 PM)
He could solve the problem by erasing home owner debt. But the bankers would cry.

why should irresponsible homeowners get a free home..and responsible homeowners have to pay for their home ?

We could give you an already foreclosed home would that sweeten the deal a little?

Oh but ya gotta pay taxes on both! chuckle

Challenge your programming.
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LoP Guest
lop guest
User ID: 89924
04-13-2012 12:21 AM

 



Post: #12
RE: Bernanke’s Warning: We Stand on the Precipice of Economic Destruction
cannot abide people blowing their own trumpet!
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Kentucky Fried Genocide
dave's not here..
User ID: 83534
04-13-2012 12:30 AM

Posts: 3,996



Post: #13
RE: Bernanke’s Warning: We Stand on the Precipice of Economic Destruction
Zero Point  Wrote: (04-12-2012 11:53 PM)
Its Hot Here  Wrote: (04-12-2012 11:33 PM)
Funny how he was a pusher for QE/QE2 now he's screaming we're going off of a cliff...me thinks he's positioning for plausible deniability when it all crashes.

LmaoJhikpghf They think we're a bunch of idiots and they're not often wrong.

this, i cant express how much i agree.

LoP Radio


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LoP Guest
lop guest
User ID: 42015
04-13-2012 12:32 AM

 



Post: #14
RE: Bernanke’s Warning: We Stand on the Precipice of Economic Destruction
LoP Guest  Wrote: (04-12-2012 11:52 PM)
LoP Guest  Wrote: (04-12-2012 11:50 PM)
He could solve the problem by erasing home owner debt. But the bankers would cry.

why should irresponsible homeowners get a free home..and responsible homeowners have to pay for their home ?

You're making a huge assumption that home owners are irresponsible and in need of your punishment. Didn't the bankers cause this problem? As far as I know they got off scott free with tons of $$$ to boot. Why not turn your animosity towards the bankers?
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Luvapottamus
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04-13-2012 12:33 AM

Posts: 31,449



Post: #15
RE: Bernanke’s Warning: We Stand on the Precipice of Economic Destruction
LoP Guest  Wrote: (04-12-2012 11:33 PM)
or in other words..

the bankers need another 18 trillion dollars.

Jptdknpa

Jhikpghf

There is no such thing as sovereign debt. Nationalize monetary policy at the FED, reinstate Greenbacks.
Wall Street Sales Tax http://www.youtube.com/watch?v=Vb5OQUElilo
United Front Against Austerity
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