Thursday, March 22, 2007

The USA is Screwed

Fed Concerned About Growth and Inflation
Thursday March 22, 3:25 am ET
By Martin Crutsinger, AP Economics Writer
Federal Reserve Signals Concerns About Growth and Inflation, Holds Interest Rates Steady

WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke and his colleagues are still worried about inflation, even while hinting that an interest rate cut may be needed to help boost a weak economy.
That suggestion of a change in thinking on interest rates was contained Wednesday in the Fed's latest statement on the economy. Although the Fed made just a slight change in wording from previous statements, it was enough to trigger celebrations on Wall Street.

Click on the heading for the rest of the article. So the bottom line is the USA will be lowering rates when Europe is raising rates. In other words Asia will be dumping the US Treasury Bill and be buying Euro Bonds. It's all George Bush's fault.

There are one of two or a combination of things that will have to happen.

1) to pay Asia back for our debt we will have to double or even more our Federal tax rate.

2) print more money.

3) a blend of the two.

The USA has lost all control over it's currency because George Bush as bankrupt the country. Never has the USA been in more desperate need of a Republican in office and the great pretender George Bush has destroyed all hope of that happening any da soon.

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