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News Link • Federal Reserve

A Must Read: The Fed Buys Last Week’s Treasury Notes

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Comment by William Klepzig
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 When credit cards were king, one ploy was to shift your debt from one card to another thus cutting interest or payment date.  The O'man and his stupid educated leadership is doing the same thing.  The purpose is to extend the date when you will receive the bill and to hide the fact that they have no new ideas, are as entrenched in politics for big business as the Republicans and have little interest in making a better safe free from debt country.

Here is what is going to happen.  By 2011 interest rates will be double digit in the sixty percent range.  The value of a dollar will be at five to eight to one.  That means your beer will cost six times more because of the golden credit card of the O'man.  Unemployment will be pushing twenty percent as figured by the fed and thirty five percent as we the people know it.

Or, we can be at five percent unemployment, or full employment as it is acknowledged that five percent of workers will be not employed at any one time.  Wages will be set so you can afford a home, medical, cars and food.  Jobs will be expanding faster then  business can find workers and we have a positive trade balance because we have cut buying from China and the world, making it here and have cut fuel by thirty three percent.

The choice is yours.  America or the two parties that have allowed this problem to grow.  Midamerican 2010

Casey


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