For all that we need FEMA in emergencies like Sandy, there is still a deep suspicion of government intrusion. It’s a slimy feeling like something is under your skin. We know nothing in life is free, and we’re suspicious of billions of dollars doled out at times like this with no strings attached.
The financial meltdown after the subprime mortgage crisis was (is) a lot like what’s going on now in the northeast, cleaning up after Sandy. The Federal Reserve plays the FEMA role.
Washington wants you to believe they are the saviors of our economy. Not so. They’re not saving our economy; they’re destroying it!
The Federal Reserve has kept interest rates at zero percent for almost four years now (while inflation is 3%, meaning we’re paying giant banks 3% to borrow money from the government).
The Fed has borrowed trillions to pump into financial institutions bankrupted after the subprime fiasco. They’ve printed trillions more to buy government bonds.
It’s common knowledge that 40 percent of our national budget is money borrowed from China. Not many people know that another 25 percent of the federal budget comes from printing money.
Y’all be grateful for FEMA’s largesse. Be grateful not to the American taxpayer but to China and the Federal Reserve’s monopoly money for making it all possible.
Thank your born and unborn kids and grand kids for paying off your lousy debt.
