Feds know Social Unrest is coming
Yet they are doing nothing to stop it because the few at the top are making their billions. They don't care what happens to the country.
When it becomes too dangerous for them to live here they will just take their dual citizenship with countries like Monaco and leave the U.S.
I have been right with everything in my posts, simply look back 11 or so years.
There is no doubt I am a modern day Nostradamus. Doesn't make me personally any money but at least history will show I was right and all the liars on here profiting at the Country expense wrong and the liars and haters of the country they are.
12-3-2011
http://news.yahoo.com/fed-hawks-central-banks-cant-solve-fiscal-woes-160347409.html
Fed hawks say central banks can't solve fiscal woes
The U.S. Federal Reserve and other central banks must not succumb to calls for additional help from monetary authorities in the face of high budget deficits, two top Fed officials said on Friday.
Using the Fed as a printing press to solve the U.S. deficit problem would unleash the "sinister beast" of inflation and "is not an option," Dallas Fed President Richard Fisher told the Dallas/Fort Worth Minority Supplier Development Council.
UNREST
Top Fed officials have also discussed further easing through large-scale purchases of housing debt.
Plosser says he would oppose such a plan, which he sees as crossing the line into fiscal policy since it represents de facto credit allocation to a specific sector.
The United States, Fisher said Stark reminded him this week, has an even bigger debt burden than Europe.
"We don't want to be in a situation like Greece. We are headed that way, if we are not careful," Fisher said.
"We are headed in the wrong direction, and if we don't bring it under control, we are going to have social unrest."
Yet they are doing nothing to stop it because the few at the top are making their billions. They don't care what happens to the country.
When it becomes too dangerous for them to live here they will just take their dual citizenship with countries like Monaco and leave the U.S.
I have been right with everything in my posts, simply look back 11 or so years.
There is no doubt I am a modern day Nostradamus. Doesn't make me personally any money but at least history will show I was right and all the liars on here profiting at the Country expense wrong and the liars and haters of the country they are.
12-3-2011
http://news.yahoo.com/fed-hawks-central-banks-cant-solve-fiscal-woes-160347409.html
Fed hawks say central banks can't solve fiscal woes
The U.S. Federal Reserve and other central banks must not succumb to calls for additional help from monetary authorities in the face of high budget deficits, two top Fed officials said on Friday.
Using the Fed as a printing press to solve the U.S. deficit problem would unleash the "sinister beast" of inflation and "is not an option," Dallas Fed President Richard Fisher told the Dallas/Fort Worth Minority Supplier Development Council.
UNREST
Top Fed officials have also discussed further easing through large-scale purchases of housing debt.
Plosser says he would oppose such a plan, which he sees as crossing the line into fiscal policy since it represents de facto credit allocation to a specific sector.
The United States, Fisher said Stark reminded him this week, has an even bigger debt burden than Europe.
"We don't want to be in a situation like Greece. We are headed that way, if we are not careful," Fisher said.
"We are headed in the wrong direction, and if we don't bring it under control, we are going to have social unrest."
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