“Panic Along the Potomac”
by David Stockman
“There is a curse. They say: may you live in interesting times.”
– Terry Pratchett, “Interesting Times” (1994)
“I’d like to lay some flame on what’s going on at the power end of the Acela Corridor… The level of hysteria in Imperial Washington has probably not been exceeded in America since the Salem Witch Trials of 1692. Nor has the level of pillage been matched since the Visigoths sacked Rome in A.D. 410. How else would you describe a bipartisan fiscal bailout that’s sure to exceed $2 trillion and be passed before anyone has even read the 2,000 pages of handouts it will encompass, let alone analyzed its cost and consequences?
The clowns and fools on Capitol Hill and inside the White House are concocting a veritable coast-to-coast soup line of companies and households. Indeed, Uncle Sam will be borrowing at 10 a.m. each day via a tsunami of bond issuance, which bonds will then be sold by the 23 primary dealers to the Fed by 2 p.m.
Click to Enlarge
The next day, of course, it will be rinse, repeat, and do it again. If that isn’t debt monetization and financial crackpottery on steroids, I don’t know what would be.
Folks, there’s no way to exaggerate the insanity on the loose. The Federal Reserve is literally buying $125 billion of Treasury bonds and mortgage-backed securities every day, bringing the total to $1 trillion in just 10 days of certifiable madness. For want of doubt, let it be reminded that it took 34,319 days (94 years) for the Fed to print its first $1 trillion of fiat credits.
Let it also be noted that this is a grotesque financial fraud. The Fed is defying every law of sound money and financial discipline ever known to mankind. It’s the most fantastical eruption of “something for nothing” economics ever imagined. And it can eventually lead only to calamities that are equally unimaginable. To common sense…”
Source:
http://coyoteprime-runningcauseicantfly.blogspot.com/2020/03/panic-along-potomac.html
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).
