With US banks borrowing $188bn a day, how long before hyperinflation?
February 10th, 2010 | 
Author: http://www.informationclearinghouse.info/article20883.htm
Last week, according to Reuters, "U.S. banks borrowed a record amount from the Federal Reserve nearly $188 billion a day on average, showing the central bank went to extremes to keep the banking system afloat amid the biggest financial crisis since the Great Depression."
I think we’re already beginning to see it. The other day when the "rumors" of the bailout were enough to weaken the dollar oil went up a record amount in 4 years, about $16 / barrel.
Oil has caused food and anything delivered (duh … this is EVERYTHING) to go up. Whenever you go into the store and something is higher this weak than last week you’re witnessing inflation.
I wonder how much money the Fed can come up with in a "pinch". If $188 Bn / day doesn’t phase them and $700 Bn to Congress doesn’t phase them … what DOES phase them?
The banks are just FINALLY realizing what WE’VE been going through for centuries! They are so used to turning $100 into $1,000 courtesy of the banking laws. Now they have to take $1,000 and use it to pay off $100 in debt. Karma at it’s finest. Those bastiges deserve it in a way but I know I’m burning my own butt by saying that since it will REVOLVE!
Ouch!
Peace, Love, Light!
I AM DARTAGNON
Posted in US banking system
Its’ virtually already happening- funny, though, the Government doesn’t like to post these figures honestly and will probably be less inclined to do so when it gets even worse. My, personal pharmaceutical costs have gone up 300% in the last 6 years.
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I’d say 6 months to a year to the really bad stuff… but we might have a Revolution before that!
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The federal reserve in a private bank so its kind of ironic that these idiots have created the problems people now turn to them to sort out. Its like asking a General who got all his men killed to lead another army into battle stupidity in the extreme. Hay lets all turn to the federal reserve because the federal reserve has ruined the economy yeah makes great sense
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The house of cards is already crumbling. I believe the Federal Reserve will try to quietly shuffle the cards to cover it up until immediately after the election. After that, hell will break loose.
That article you linked contains a great analysis BTW. Thanks for the link!
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I think we’re already beginning to see it. The other day when the "rumors" of the bailout were enough to weaken the dollar oil went up a record amount in 4 years, about $16 / barrel.
Oil has caused food and anything delivered (duh … this is EVERYTHING) to go up. Whenever you go into the store and something is higher this weak than last week you’re witnessing inflation.
I wonder how much money the Fed can come up with in a "pinch". If $188 Bn / day doesn’t phase them and $700 Bn to Congress doesn’t phase them … what DOES phase them?
The banks are just FINALLY realizing what WE’VE been going through for centuries! They are so used to turning $100 into $1,000 courtesy of the banking laws. Now they have to take $1,000 and use it to pay off $100 in debt. Karma at it’s finest. Those bastiges deserve it in a way but I know I’m burning my own butt by saying that since it will REVOLVE!
Ouch!
Peace, Love, Light!
I AM DARTAGNON
References :