For the past two years on “Common Cents” I’ve been warning that the Federal Reserve’s printing of money to buy US Treasury Bonds (to bankroll the annual federal deficit) would not end well. As I’ve made clear, covering for bad fiscal policy (spending / budget decisions) with bad monetary policy (flooding the economy with new money to buy-up federal debt) is a recipe for disaster that will lead to inflation (devaluing of our money), interest rate spikes, or, most likely, both.
The Federal Reserve has made up over $2 trillion from thin air, meaning that the value of the dollars in our pockets have already taken a one-two punch when it comes to how much they can still buy (think about your last trip to the grocery store). Now, in an effort to slow their made-up money train, the Federal Reserve is hiking interest rates in an attempt to slow inflation. The result will be an unstable economic era marked by high inflation, high interest rates, and low economic growth.
The perfect fiscal storm is brewing. What will this mean for you and your family? Your financial future? The American economy?
Listen to the audio link below as I explain just how much of a monetary mess Washington has made, and how to protect you and your family.
- SCGOP Chairman Chad Connelly - Precinct Reorganization ()Josh Kimbrell, February 20, 2013
|« Tuesday, February 19||Wednesday, February 20||Thursday, February 21 »|
Yours in the fight for freedom.