Financial Tsunami

Back Away from the Tsunami

Mr. Greenspan is issuing a warning to anyone who will listen, ‘fessing up to things many of us thought might be true. His candor reinforces many of my worst fears:

   The Federal Reserve is raining money down from the heavens to fund unprecedented government spending and to keep the banking system solvent.

   The credit needs of the US government are so huge that if the Fed didn’t add liquidity to the system, the private sector would be choked out, unable to afford to borrow money.

   An inflationary bonfire is just a spark away. Big Al likened the money supply to kindling awaiting a match to ignite an inflationary explosion.

http://www.millersmoney.com/money-weekly/back-away-from-the-tsunami

"(CNSNews.com) - The U.S. Treasury continued to rake in tax dollars at a record rate in November as the federal government closed out the first two months of fiscal 2015 with $404,155,000,000 in total receipts, according to the Monthly Treasury Statement released today.

In constant 2014 dollars, this is the first time federal revenues have topped $400 billion in the first two months of the fiscal year.

Even with these record revenues, the Treasury ran a deficit of $178.531 billion deficit in October and November as it spent $582.686 billion."

http://m.cnsnews.com/news/article/terence-p-jeffrey/404155000000-taxes-set-record-first-2-months-fy15-deficit-still-179b

the LORD bless honesty...the LORD curse dishonesty...the LORD cast the spirit of islam OUT of north america... amen?

murray leslie wrote:

the LORD bless honesty...the LORD curse dishonesty...the LORD cast the spirit of islam OUT of north america... amen?

Amen, but let's not stop with N. America.

Greenspan's quote reminds me of one of the few instances where a 'modern' Bible translation could be used or make sense.

Proverbs 24:26
New International Version (NIV)

26 An honest answer
    is like a kiss on the lips.