Cullen Roche on Europe Swaps, the Fed vote and potential US taxpayer losses

Dear Ben Bernanke; Don't steal from my kids?

The Fed did the Europeans a favor.

Joseph Gagnon

former Fed official

"The central banks of the wealthiest countries,
trying to prevent a debt crisis in Europe
from exploding into a global panic,
swept in ...by making it easier
...to borrow American dollars.

With what money from where?

Occupy Tea: "More Than 500 Injured...in Renewed Protests "

"...security forces blocked roads leading to the interior ministry
to stop the protesters from advancing to the ministry’s building,
and at least nine policemen were injured...
Security forces used tear gas and rubber bullets...

Money, Politics & Occupy Tea

Governments cannot create but merely redirect.

When the government spends,
the money has to come from somewhere.

If the government doesn't have a surplus,
then it must come from taxes.

If taxes don't go up,
then it must come from increased borrowing.

If lenders won't lend,
then it must come from the printing press...

each additional dollar printed
diminishes the value of those already in circulation.

Something cannot be effortlessly created from nothing.

Peter Schiff