Cosmically Timeless Mogambo Monetary And Investment Wisdom (CTMMAIW)
by The Mogambo Guru
Mogambo Guru
Snug and safe inside the silent and comforting Mogambo Big Boy Bunker (MBBB), I have a lot of spare time each day to work myself into a state of paranoid hysteria by thinking about the economic mess we are in.
Being a cynic of the first order (everything is corrupt and nothing can be done) and sensing imminent doom (We’re Freaking Doomed (WFD)!), it is not surprising to me that the evil Federal Reserve owns more than $3.5 trillion in Treasury debt, which is about 21 percent of ALL the nation’s $17 trillion debt.
As totally bizarre and horrifying as this “monetizing the debt” crap is, the damage has already been done.
Namely, the damage caused by all the newly created currency and credit, used to buy all the Treasury debt in the first place, has already long since flooded into the economy via government borrowing and spending the new money, inflating the money supply and causing horrifying inflation in prices.
Ergo, the national craze to increase the minimum wage.
Continue Reading at MogamboGuru.com…
Source: http://financialsurvivalnetwork.com/2013/12/cosmically-timeless-mogambo-monetary-and-investment-wisdom-ctmmaiw/?utm_source=rss&utm_medium=rss&utm_campaign=cosmically-timeless-mogambo-monetary-and-investment-wisdom-ctmmaiw
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