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The Current Crisis is a controlled use of financial weapon of mass destruction to wipe out American debt and control world financial system|
The rate cut is designed not to help the credit crisis but to flood the world with US paper money to wipe out the American debts because the Federal Found Rate only governs bank to bank loan interest rates while the problem is banks don't want to lend to others, the banks have money, just don't want to lend. The real purpose is to print as much American money as possible to flood the world, besides lower interest rate, they also use other "stimulus" packages.
The shameful thing is that 1) they created this financial and economic crises, 2) they are the broken nation with the biggest debt to other nations, yet they are calling to help finance "emerging markets" and poor nations with their fiat money directly or through IMF, in turn to control other nations. For example, the money US lend out to other poor nations would require them to buy American goods which in turn would benefit American companies to revive American economy 3) On the surface the economies of both America and the rest world are damaged by this financial crisis, but due to the advantages of American economic system, it has a far better ability to adjust and recover in a shorter time, which will again give it advantage to dominate the world and to profit while others are still struggling.
How can the world allow this to happen? It's purely a plot to use the financial mass weapon to destroy the world and seize to control the panic world! More and more people are realizing it but the problems are that they have penetrated China and European policy making organizations. Many key policy makers in Chinese financial system are cronies and lackeys of America, Chinese people suspect some are even economic hit men. Let's have a good look of What the Fed Chairman said:
Bernanke is particularly interested in the economic and political causes of the Great Depression, on which he has written extensively. On Milton Friedman's ninetieth birthday, November 8, 2002, he stated: "Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve System. I would like to say to Milton and Anna: Regarding the Great Depression. You're right, we did it. We're very sorry. But thanks to you, we won't do it again." This time, it was said that Bernanke even has a math model designed for this crises so to get the "best result" in a controlled way.
In 2002, when the word "deflation" began appearing in the business news, Bernanke gave a speech about deflation. In that speech, he mentioned that the government in a fiat money system owns the physical means of creating money. Control of the means of production for money implies that the government can always avoid deflation by simply issuing more money. (He referred to a statement made by Milton Friedman about using a "helicopter drop" of money into the economy to fight deflation.) Bernanke's critics have since referred to him as "Helicopter Ben" or to his "helicopter printing press". In a footnote to his speech, Bernanke noted that "people know that inflation erodes the real value of the government's debt and, therefore, that it is in the interest of the government to create some inflation."
So, we know, this crisis is designed and engineered, now they are talking about "deflation" which is a way to say don't worry about the inflation, just print!
[ Last edited by shanhuang at 2008-10-30 10:44 AM ]