Our Zimbabwe moment and by the way, the fed has started monitizing our debt.

This is an interesting read. Essentially the treasury sold 7 year bonds at a bond auction this last Wednesday and Thursday to 'primary buyers' to the tune of 14 + billion. Then a short time later the fed bought it back from them with printed money. I guess they want to do this on the sly so they wouldn't have to report it. This sounds very sneaky.

http://www.examiner.com/x-3704-Columbia-Conservative-Examiner~y2009m8d14-More-on-the-coming-economic-collapse

Here is a pertinent quote:

The Fed pretty clearly pre-arranged, either explicitly or by "suggestion", that the Primary Dealers take up the auction with the promise that The Fed would immediately monetize half what the Primary Dealer's took!

Folks, this is beyond bad - it is pernicious and outrageous conduct by The Federal Reserve in conspiracy with the Primary Dealers, both of which are now desperately trying to prop up the US Government Bond Market through subterfuge rather than just buying up the bond issue from Treasury when originally put to the market!

Also an interesting article about our coming 'Zimbabwe Moment'

http://www.forbes.com/2009/08/11/federal-reserve-economy-business-washington-dollar.html

Our nationally sponsored pyramid scheme.

People like Bernie Madoff were sentenced to life in prison for conducting things like this in the private sector. The difference is, people volunteered their money to Bernie Madoff. The government is currently forcing us to invest in its pyramid schemes like social security, medicare, and medicaid.

Again, I call for Obama to pardon Madoff and appoint him treasury secretary. We need his experience on a federal level.

The US Economy is unsustainable.

We will most likely print our way out.

In the spirit of Cash for Clunkers...

I propose that we offer a $500,000 dollar subsidy to anyone who is willing to blow their house up and purchase a new more environmentally friendly one. I guess we could accept people simply burning their houses down or just having it demolished. The potential stimulus to the housing market would be enormous.

If it is working so well for Cash for Clunkers, why not extrapolate it into the housing market?

More Peter Schiff.

I think that I am going to start linking his weekly videos on here as much as I can.

I also just finished his book it is great, highly recommended.