Bernanke’s Not Even Printing Money – He’s Digitizing It!
Money isn’t something true to liberals. They just think it is an imaginary thing that they can make out of thin air.
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Now, normally the Democrats hate Wall Street. They hate the Dow Jones Industrial Average. It’s always been the Democrats who talk about Main Street instead of Wall Street. Now all of a sudden all they care about is Wall Street, because they can point to it and say, “See? The economy is growing.” Bernanke is hurting the middle class. The very group of people that Obama claims to be looking out for in his 19th or 20th revision now on trying to rev the economy. If these guys dump the dollar, it will be devalued even more, and that doesn’t help the ChiComs. Bernanke is devaluing the dollar, as you point out, with this $85 billion a month that’s ending up going to the stock market. It’s an intricate route that it takes, but it ends up purchasing stock, securities.
The middle class is being killed by this devaluation because their real costs, the costs of living are going up. Gasoline, food, you name it, the dollar is buying less. It’s so bad, folks, they’re not even printing the money. They’re simply digitizing. And, to me, this is really scary. Look at you, for example. Take your bank account. Let’s just pick a number. Let’s say that your bank statement every month says you’ve got $10,000 in your, let’s just call it a passbook account just for the sake of this discussion. You get a statement that says you’ve got $10,000 in it. But there isn’t $10,000 in a vault with your name, and there’s nothing in that vault worth $10,000. Your $10,000 exists because there’s a number on a piece of paper that says it does.
All Bernanke is doing is enlarging those numbers. He’s printing money, but they’re not really printing it. They’re just going to the ledgers. Folks, it’s really scary stuff. Now, they claim they’ve got backup for it, that there is backing for the money that they’re creating here. But they’re not even printing it. There aren’t new dollar bills in circulation. They’re just digitizing this, so I’ve been told and as it’s been explained to me. Because this stuff is really foreign language. These guys like it that way. But all this bluster about OPEC, changing the dollar, they talk that way, they’re just scared of fracking, I think, and our independence eventually. ‘Cause I don’t think the ChiComs in any way want that to happen.