The Fed The Ultimate Zombie
Posted: June 24 2009
Bob Chapman
Mistakes of and good intentions of Lincoln and Kennedy, As the Fed absorbs the toxic waste of its friends, it becomes a zombie bank in its own right, the perils of printing the dollar, the deliberate march to the destruction of the dollar,
This idea of a non-bank currency issued directly by a government free of any interest burden is along the lines of what Presidents Lincoln and Kennedy did, and tried to do, respectively, for the US. Their boldness in promoting the welfare of US citizens cost them their lives. They did not want to become interest slaves to a private national bank, and chose to issue our own official currency directly from our Treasury Department free of the interest burden imposed by a privately owned, debt-based, European-style fractional reserve banking system, which is what our Founding Fathers fought a war to free themselves, and their posterity, from.
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The Fed will continue to absorb the toxic waste of its member banks, setting itself up as the ultimate too-big-to-fail zombie financial institution which is now helpless to stop the oncoming hyperinflationary freight train because all its assets are unmarketable cess pools of toxic waste that no one in their right mind would purchase for more the 10 cents on the dollar. Thus, the Fed has been intentionally disabled from fighting against the inflationary consequences that will result from the rampant spending and bailouts that are now ongoing right before your eyes. The Fed has been hamstrung so that hyperinflation can be assured. They can no longer suck money out of the system because the value of their assets is laughable.
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Continues: http://theinternationalforecaster.co...ltimate_Zombie