Phil’s Hobo Humor and Insights

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An Inconvenient Debt with Glenn Beck: US Money Supply Explodes

March 14th, 2009 by Phil Stewart

This quick video snippet of Glenn Beck should give you a good idea of just how much the U.S. money supply has increased since the Mother of All Bailouts (MOAB) began in September 2008. It's startling to see how much money has been created out of thin air in the past six months compared to the previous eighty years.

Now, I'm not an expert like George Bush, "Bailout" Ben Bernanke, or even Comrade Obama, but it seems to me this is exactly what a chart would look like for a currency entering the early stages of hyperinflation (anyone got a chart of Zimbabwe's money supply growth?). What better way to escape the financial burden we currently face than to inflate the money supply to the point the debt is worthless? I mean, an $800 billion dollar bailout is a drop in the bucket when trillion dollar bills are more functional as toilet paper than money. Even if hyperinflation and currency destruction isn't the goal, with the trillions of dollars our government is spending at such a blistering pace, a "strong dollar policy" is the last thing they want to pursue. That leaves only one thing... theft of the citizens' wealth by inflating the money supply. That would also be why this post is included in the "Scam Information & Avoidance" category... paper currencies like the U.S. dollar are quite possibly the biggest scam of all time.

(If your "crackpot alarm" just went off, please check the batteries and then send me one dollar. I will send it back in a couple years if it's still worth the postage.)

Happy something or another!

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