Reverend Gooner wrote:Is QE3 set in stone or is it still in the air? I am going to put my tin foil hat on here but could this be part of an economic ploy by the US to destroy the dollar and plunge the country into devastating hyperinflation? It would put the country into an economic hell never seen before but by making the dollar worthless the US debt which is now considered "unpayable" could easily be paid and those who the money is owed to (like China) would be massively screwed on value. It would be a bold way of easily paying the debt but US citizens and foreign debtors could construe the policy as an act of war if it is true *takes tin foil hat off*
Or maybe all the conspiracy theories are true and the elite are screwing the financial system into oblivion because nibiru will destroy the world within 18 months so noone will be alive to pick up the tab
QE3 is still in the air. On the tin-foil train there are people who believe that Obama and the left are trying to employ the
Cloward - Piven strategy to restructure our nation in a socialist manner. And bringing down the dollar is part of it.
I doubt it's that simple, but it's sad we've reached the point that many very intelligent people are starting to as these questions about our president.
I've been reading a book that just came out by David Mamet that I find very interesting, called The Secret Knowledge. And no, it's not a tin foil hat book. It's his story and logical reasoning behind why after living as a Hollywood liberal for the first 60 years of his life, he's seen the flaws inherent in their thinking and why he changed his views. And he brings up a very good point about the way government and primarily, not exclusively, the left works. They dream up these grandiose ideas, or try to fix things the same way they've tried to in the past, but when they fail they never examine the way things are done or their ideas themselves, it's always that they ran out of money and that's why it didn't work. So over and over and over they do the same flawed things never changing and always wasting the public wealth.
I think you'd really appreciate the book, I'd strongly recommend reading it. It's about American Culture, but many of the topics he discusses are universal, such as education.
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