 |
Hennecke: Trillion Dollar Bailouts Will Lead To Destruction Of Western Currencies
Federal Reserve policies making the problem worse, leading to super inflation around the corner
Paul Joseph Watson
Prison Planet.com
Friday, March 23, 2009
Associate Director of Tyche Martin Hennecke warned in a CNBC interview this morning that actions such as the Treasury’s announcement today to buy $1 trillion more of toxic debt, allied with last week’s announcement by the Fed to throw a further $1 trillion at the problem, is merely a continuation of what caused the crisis in the first place and that such measures will ultimately lead to the destruction of major western currencies and staggering hyperinflation.
Hennecke said that the Fed was just throwing new money at the problem and repeating the very same actions that caused the crisis in the first place.
“The budget deficit is already out of control, we might be talking about $3 trillion U.S. dollars, which is 20 per cent of GDP, which is absolutely staggering,” said Hennecke, reiterating that easy money was what caused the problems in the first place.
“Artificially low interest rates set by the Federal Reserve and now more easy money, more liquidity, more control of the Federal Reserve – that’s going to make this problem worse,” stated Hennecke, warning that super inflation was on the horizon and that the only protection against the coming storm was to buy gold.
(ARTICLE CONTINUES BELOW)
Hennecke also noted that countries like Greece and Ireland are on the the verge of defaulting, while in the States the FDIC was running out of funds.
“The FDIC is running dry of funds, there are already 20 banks that have failed this year, last year it was 25 for the whole year, the whole of 2007 it was just three, so the FDIC is getting dry – they need new money – they will have to print up increasing quantities,” said Hennecke.
“Last year investors were all afraid of the deflation scenario, just panicking out of any assets, equities, commodities, going to the perceived safety of sovereign bonds or long term corporate bonds and cash,” said Hennecke, noting that people were unaware of what an increasing number of economists are now warning about – hyperinflation.
“Clearly the leading policymakers and economists out there clearly understand where these bailouts are really heading, the destruction of the major western currencies eventually,” said Hennecke, adding that assets in cash will be severely eroded by money printing.
Watch the clip below.
Prison
Planet.tv Members Can Watch
Fall Of The Republic
Right Now Online -
Don't Miss Out! Get
Your Subscription Today!
CANCER CONSPIRACY? Are
"they" suppressing the cure? Will YOU
be the next victim? Learn
the Secret Truth! - READ FULL STORY
-
- Social bookmarks
- Email this article
-
- Print this page
22 Responses to “Hennecke: Trillion Dollar Bailouts Will Lead To Destruction Of Western Currencies”
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | |||||||
| By N2H | |||||||||||||||||||||||||||||||||||||||||
March 23rd, 2009 at 12:54 pm
Just when you think a couple of 800 billion dollar tarps and bailouts was the end, these banksters push to wipe out the entire treasury of the United States. Their greed is incredable. Did this article say one trillion last week and today another trillion? Can that be right? Two trillion in about a week? We are all screwed. China and Russia are going to say the hell with the dollar, and inflation will really take hold shortly.
Have you seen the stock market today? It’s through the roof because the banksters can’t lose with this new trillion dollar plan. If the plan doesn’t work we bail them out. This is it, a last ditch effort that will fail.
March 23rd, 2009 at 1:15 pm
From dindorff:
Instead of trying to rescue the nation’s giant banks, we should be demanding that they be shattered into little harmless pieces.
Come to think of it, maybe it’s time for a run on the banks–not because your money is not safe at Chase or Citibank or B of A, but because these institutions need to be killed off for the good of the nation.
If you have an account at any national bank, go there tomorrow and take it out. Transfer it to a local bank in your community, or better still, into a Credit Union. You’ll get better service, your money will still be just as safe, and you won’t be propping up institutions that have been stealing the country blind.
March 23rd, 2009 at 1:35 pm
how can this sort of thing heppen? are we all stupid or what??!
March 23rd, 2009 at 1:36 pm
how can this happen? a trillion to feed a hole is a big chunk, no? how come suddenly so generous whilst the poor are chased away if the want a piece of bread ??!
March 23rd, 2009 at 1:39 pm
They did just as they advertised and just as Jones has been warning for years. But he’s just a kook right? No conspiracy here. Move along folks, turn in your guns at city hall by Friday.
March 23rd, 2009 at 2:18 pm
We all know it’s gonna tank, yet today the stock market had a 500 point gain, won’t take long for that to fall away.
The American people are being lured back to wall street, so they can be quickly relieved of the burden of wealth.
Charles Reply:
March 23rd, 2009 at 2:55 pm
Come to think of it… now I wonder how much of this freshly printed money was used to artificially inflate the stock market… to lure people back into the stock market, and to basically sucker them into making more unwise bets. Even the guys in Vegas will let you win once in a while, so you’ll get bold and load everything on the table… then poof it is gone.
maninwarren Reply:
March 23rd, 2009 at 4:41 pm
I had the same thought, whether it’s being done on purpose or not. If you own a $20 stock and the rate of inflation becomes 50%, you don’t gain a thing by your stock going to $30, but it sure seems like a good run.
March 23rd, 2009 at 2:45 pm
Everything you say is true.
But always keep in mind that we’re letting them grip our balls.
We use their money, we participate in their elections and we listen to their smiling spokespeople on TV.
As soon as we stop doing these things our balls will be free once again.
Click the link below to explore a new inflation-proof currency, new economic format and new social structure that leaves the criminal bankers and corrupt politicians out of the picture altogether.
Don’t fight the system:
Replace it
http://socialviability.com/
March 23rd, 2009 at 3:36 pm
We are being hustled without a fight…No faith in government, corporations or majority of fellow countrymen….Only a minority will be able to even attempt to prepare for the total rejection of the dollar….Time is running out and the final judgement of America will be complete…..I wonder what our new currency will be worth in relation to the failed dollar….1 to a million, one to a billion, one to a trillion….Obivorusly they won’t use paper so as to conserve all the trees of the world…. Bob
fga Reply:
March 23rd, 2009 at 3:47 pm
Truthers are utterly ignorant of economics and, well, anything that doesn’t have an X-Box controller attatched. It’s fun (and funny) to watch them cry about perceived injustices arising from that ignorance.
March 23rd, 2009 at 4:13 pm
Get to know the stages of society’s collapse and how to get prepared. “Five STAGES of a COLLAPSING SOCIETY” at http://www.truthconvicts.com/h.....ciety.html
March 23rd, 2009 at 4:30 pm
come on guys this guy has no clue what he is talking about.
dont trust anyone when it comes to the financial markets, make sure they are credible.
im telling you, now is the time to invest in the housing market!
sincerely, bernie
March 23rd, 2009 at 7:07 pm
WE ARE HEADING INTO THE MUCH PREDICTED 2012 END OF TIMES. IT IS A SPIRITUAL WAR. NOT TO WORRY, WE DO HAVE HELP FROM ABOVE FROM A BENEVOLENT FEDERATION OF PLANETS WHO ARE TRYING TO TURN THINGS AROUND. OUR GOVERNMENT IS LYING TO US THERE TOO! LEARN THE TRUTH ABOUT THE SPIRITUAL WAR!!! http://www.thegrandawakening.com
March 23rd, 2009 at 7:45 pm
Why post a form letter? C’mon ghost man write something original.
People don’t awaken in a Grand way by reding form letters.
March 23rd, 2009 at 8:46 pm
So,who owns the Jewish Private Federal Reserve?Allow me to control the issue and the nation’s money and I care not who makes its laws!” — Amshell Rothschild
Banks that hold the controlling stock in the Federal Reserve Corporation:
Rothschild Banks of London and Berlin, Lazard Brothers Bank of Paris, Israel Moses Sieff Banks of Italy
Warburg Bank of Hamburg and Amsterdam, Lehman Brothers Bank of New York, Kuhn Loeb Bank of New York
Chase Manhattan Bank of New York, Goldman Sachs Bank of New York.
March 23rd, 2009 at 9:40 pm
I agree 100% and bet that we are all on a list somewhere because we do not think in unison…rather we think for ourselves. I had a fairly heated debate with my local newspaper editor and Professor of Economics from a local CSU…thought this might be food for thought….Here is the link: http://thehive.modbee.com/node/12643
March 24th, 2009 at 2:46 am
Yep and ain’t it amazing how the mainstream media pundits seem to be in denial and won’t point out how crazy borrowing money to pay debt is a bad idea unless it’s the public doing the borrowing?
They’ve been telling us how foolish that is for years but now the government is doing it it seems to make good financial sense.
Cretins!
By the way, the root of the word “government” contains 2 elements. The first comes from “guber” meaning “command or control”. The second comes from “mens or mentis” menaing “thought or mind” so we get CONTROL OF THE MIND
Now that’s comforting ain’t it!
March 24th, 2009 at 3:48 am
God also reveals many scientific fact in the Quran proving over and over to its authenticity. Some of the revelations are:
-Big-Bang
-Creation & Evolution of Life from Water
-Expanding Universe
-Atomic Structure
-Jeological Formations
-Black Holes
-Astronomical Systems
-Black Matter
http://www.QuranMiracles.com
http://www.ScienceIslam.com
Remember the oldest written Quran, dated 1400 years old, is at Istanbul Museum, Turkey with many copies of it in the world including one in British Museum. There are also upto 30 million in the world who have memorized it cover to cover, word by word by hearth. One can always cross check and verify what is islam, you can read & listen to an authentic Quran below:
http://www.AllahsQuran.com
Did a man named Jesus really live?
http://www.911Bible.com
http://www.IslamCode.com
http://www.BibleIslam.com
Best Wishes.
March 24th, 2009 at 4:56 am
The only SOLUTION IS A REVOLUTION……….
March 24th, 2009 at 6:54 am
Hyperinflation and the collapse of the dollar? That’s the idea, isn’t it?
March 24th, 2009 at 11:30 am
Buy Propecia Online…
http://www.folkd.com/user/buypropeciaonline Buy Propecia Online…