The US Government’s Secret Plan to Destroy the Dollar
By Dan Denning
August 6th, 2010
Alright then. So yesterday we made a claim that the Fed has ways of causing inflation in the same way that the Gestapo has ways of making you talk. But it was merely a claim. We didn’t prove it.
Today, we offer incontrovertible proof that the Federal government of the United States intends to inject money directly into U.S. households using an obscure provision of the recently passed Dodd-Frank shemozzle (only click on that link if you are masochist…it is a PDF of the entire Bill as passed by the thieves and rent-seekers currently passing themselves off as servants of the public in the U.S. Congress).
But first! The Reserve Bank of Australia published its latest Statement on Monetary Policy today and the good news is that, well, it’s all good, Australia. In the introduction to its report the RBA said that, “Over the period ahead, strong growth in resource exports and a gradual pick-up in business investment is expected to offset the scaling back in public demand as stimulus-related projects are completed.”
So that’s good news. Generally, the professional forecasting class of central bankers and economists has been lousy over the last few years. They keep telling us things are contained and fine. They get more wrong each time.