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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: UncleBigs who wrote (73198)	10/30/2006 1:59:24 PM
From: orkrious	Read Replies (1) of 110194

Mr. Griffins appears to not even understand the basic concept that the Fed gives all interest earned on government securities back to the US treasury after subtracting costs. I suspect there isn't a whole lot that he doesn't understand. He says over and over that the Fed creates money out of thin air and then charges US taxpayers for loans Say that again? He talks repeatedly about creating money out of thin air. He also talks about loans to other countries that don't get paid back that the US taxpayers get stuck with. His whole argument is that the Fed must inflate or die. Inflation screws the taxpayers. He posits that interest earned on money created out of thin air helps the banks more than anyone.

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