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91% of the $1.4T deficit was printed money....or "The Asians won't play anymore"

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galileoreloaded Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-12-10 10:42 PM
Original message
91% of the $1.4T deficit was printed money....or "The Asians won't play anymore"
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galileoreloaded Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 01:27 AM
Response to Original message
1. Nothing. Really???
wow.
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cliffordu Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 01:31 AM
Response to Reply #1
2. Strange crickets on this one....
But then again it doesn't begin with "OBAMA LIED"

Sorry about that. K&R!!
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galileoreloaded Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 01:35 AM
Response to Reply #2
3. Well Cliff, they always promised the Social Security check would be there....
they just never promised what it would buy.
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cliffordu Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 01:40 AM
Response to Reply #3
4. Yep.
Pretty soon those survivalist food hoarders are going to look pretty sexy to a lot of folks.....


I fully expect to be living on the streets (again) in the next 20 years at one point or another.

Just the nature of the beast.
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Truth2Tell Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 02:02 AM
Response to Reply #2
5. In some ways it does say "Obama lied." nt
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cliffordu Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 02:05 AM
Response to Reply #5
6. Not really.....
he could have let the whole scummy system collapse.


:shrug:

That would hurt me a lot less than most of the people on this board.
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Truth2Tell Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 02:16 AM
Response to Reply #6
8. I mean more that he has lied by omission.
Have you ever heard him discuss the REALITY of our financial situation with the American public? Has he ever spoken to us like adults about what the graph in the OP means? The answer is no.

The whole scummy system IS collapsing and he is in fact letting it. All the Bush/Obama bailout did was delay the process awhile and let the perpetrators make off with a few trillion more of our money before the music stops.
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cliffordu Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 02:23 AM
Response to Reply #8
9. No one in a position of power can seem to tell the sleeping masses
what's up.

And they really don't want to know, do they??

I thought this president would be a lot different than he is... we have three years left to see if we were all morons.

I'm thinking and hoping we aren't.
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hfojvt Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 02:14 AM
Response to Original message
7. so you are claiming a 1.3 trillion increase in the money supply?
Printed money is M1 and here are the official figures for M1

http://www.federalreserve.gov/releases/H6/hist/h6hist1.txt

August 2008 - 1391.8
Nov 2009 - 1679.8

A 'mere' 300 billion increase. So where is the other trillion you are claiming?
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