Economic Woes Created By Elitists Behind The Scene

"We also ask who is going to fund the Treasury’s debt after the Fed stops doing so? The answer is very few, and that means the Fed has to continue or the Treasury will go broke. In 2010 the Chinese bought $260 billion worth. The question is will they continue? Since November 2010 the Fed has been purchasing $110 billion worth monthly. The Fed has bailed the banking system out with QE1 and QE2, but not the economy. There is no exit strategy. In addition, federal debt is expanding at a 14.6% rate: state and municipal debt at a 7.9% rate: corporate debt has risen 5.7% and household debt 0.6%. As you can see the Fed is the lender of last resort.

Federal government revenues continue to shrink to less than 15% of GDP the lowest level since 1950. Thus, our opinion is that under some other name or guise quantitative easing, the creation of money and credit, known as monetization will continue as will inflation – that is very high inflation. This monetization is the lynch pin that is holding up the US and world financial system. As monetization runs amok, there is another side to the story and that is as bad assets continue to deteriorate. "

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