ilmor's Blog : It's Political

I just got off "the red phone" with Prez O'Bomba himself and he told me the erection of Scott Brown in Taxachusetts is the reason he lowerd da boom on da banks today. "The writing" is now on the wall for the midterm erections and I promus...you are gonna see some BIG names that will not be herd from politically again. *-) Prez O'Bomba has come to the realization that he is already a lame duck unless he does sumphin to gain favor with the sheeple. You can't honestly tell me you sssthink stealing $Trillions$ from yer grandkids so that the moneyrunner banks can benefit is the status quo you want to go uninterrupted. I say kudos to Prez O'Bomba ...even tho he is in fackt still a 1 term Prez. He had his chance to be a troo American hero but sided with Wall St erly on and let the moneyrunners push thangs past the point of no solution.... cept 1. Don't be angry about the future of "crash n bern" for yer stock portfolio...your house...purty much everything you own of value. This is GRRRREAT for America! 2010...the year "the little guy" fights back! Oh yeeeeeeeeah baaaay beeeeee! Sorry...I'm gettin a tad too giddy....but I ain't a BOOHOOer like youhoo are...I'm a patriot. *-) 3J

Ha haaa....judging from your use of the English language, your response was extremely predictable. Good luck, "patriot"!!

"What is happening to all this "money"? "

It is replacing the trillions the banks are losing. That way the banks convert worthless debt (selling to the Fed) for better debt (buying government debt with proceeds of Fed sales) where the government acts as a thug and collects the debts from people who can pay it even though they never agreed to.

It won't be as inflationary as one might otherwise expect. The Fed will be forced to wipe out its debt because it can not be collected. But don't expect a major boom or anything. We are are going to languish and suffer.