Tuesday, June 14, 2011

$600,000,000,000.00

The Federal Reserve just got done with a six hundred billion dollar tax on everyone who owns United States money or anything valued with such. The called it Quantitative Easing 2 anyone who is plain spoken calls it printing money. When you print money you dilute the purchasing power of the existing money.

The best part of this rogering(without lube) is that much to most of it went to keeping European banks who leveraged themselves with Greek, Spanish, Portuguese, and Irish bonds solvent.

So the next time you see the price of burger meat up remember that it's to a hidden tax that is largely going as foreign aid to Belgian bankers and Greek welfare queens.

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