Sorry to alert you to this folks. I don't claim to be an economist, nor have I analyzed this and checked out all the facts. But if this is true, this is way, way not good.
The Fed quietly through proxies bought roughly half of the last governments debt auction. What that means is the Federal banking system is printing fake money out of nothing and giving it to the government, and in the process third parties are are making out like bandits in the short term. I give us another few months before real problems start to arise with our currency. I would advise (and again, this is just an opinion of a quasi bright web developer, take it for what it is worth) to get all your wealth in places where inflation will affect it the least. I would also start making plans to bail America if you can. I don't say that lightly, but I see things getting ugly. Hopefully I'm wrong. Me, I'm trapped. Wife, extended family, house, debts, job, animals... I am stuck. Maybe you aren't. If you are free to move, get out. Things might get better in the short term, don't be fooled into thinking the danger has passed. The fundamentals of our economy still are very flawed and Federal governments spending is still pathologically out of control.
If you are a Christian, start praying for America. God is merciful, maybe He will extend His grace to us a little longer. Also if you can't leave, start thinking about how you can prepare to help your family and to help others.
The Huns are massing on the other side of the wall. Rome says everything is going to be fine while the local senator's family is busy packing...
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