Surprised by Money Destruction

By The Mogambo Guru

05/06/09 Tampa Bay, Florida I was pretty surprised that Total Fed Credit fell by a gigantic $81.5 billion last week, taking the total down to $2.088 trillion – but not THAT surprised, since the Federal Reserve has acted so despicably that I am hardly surprised at anything they do anymore, including a huge drop in Fed Credit, even though the Federal Reserve itself bought up $22 billion in various crap last week!

Those Fed weenies are despicable, like when they stooped so low as to tamper with my lawn sprinkler so that when I picked it up yesterday – snap! – it breaks off in my hand! Ruined! I look around, but I don’t see them, but is it really a coincidence? I think not!

To refresh your memory, this kind of “sprinkler assault” is probably just the kind of lowlife thing that the despicable Federal Reserve does when it gets bored with tampering with our money so that its purchasing power, too, breaks in your hand. So you can see where they get the idea!

Of course, the real terror is that this decrease in Fed Credit is the magical “money-from-thin-air” that the horrible Federal Reserve literally creates at their filthy whim, which banks use to make more loans, which literally creates the money on the spot.

Most people are surprised to learn that the making of new loans is how money is created these days, and all of it belongs to the banks. Those who are NOT surprised have lots of gold and know exactly what is going to happen to this idiot country for allowing something so stupid.

And most people are equally surprised to learn that defaults on debts are how money is destroyed, too! And all of those losses belong to the banks, too, which explains why the corrupt, filthy Federal Reserve is so insistent on bailing out the corrupt, filthy banks! Hahaha! What a blatant, insane fraud! [more]