Only in America: Double Your Money

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Monetary Base .png

Above is a chart of the US Monetary Base - the total amount of currency in circulation and in central bank deposits. As you can see, the total amount of money in the America more than doubled since the end of 2008. This was achieved through the actions of Federal Reserve, in the service of the US Government. It was done in order to create money to pay for the government's bailouts, stimulus package, and other obligations. 

But, can money be created just like this? Yes. Can it maintain its original value? No. So... all the people who are saving in USD were essentially taxed by the US government (through diminishing the value of their savings). 

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I turns out that America really is a Satanic regime

When politicians and bankers join forces...

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Note: The views and observations expressed on this web site are published for the sake of public discussion and do not represent my personal opinion or the opinion of my companies, clients, and/or employers. If you would like to get my opinion on anything, ask me.

This page contains a single entry by Dror Poleg published on August 14, 2009 9:05 AM.

Consumer Culture and China's Population Growth was the previous entry in this blog.

Where are China's New Bank Loans Going? is the next entry in this blog.

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