Ponzimerica

Our government has conducted one of the greatest ponzi schemes for six decades straight, by taking ever larger resources from the young and giving them to the old while promising the young their turn at passing the generational buck. In 1835 Alexis De Tocqueville warned of a time like this in his book entitled Democracy in America when he stated that the American republic will endure until the day when Congress discovers that it can bribe the American people with its own money. Who are we trying to fool when we borrow money from China in the form of U.S. TREASURY'S at a high interest rate and use these funds as bailout money all at the expense of the U.S. taxpayer. Nothing good can come from this inept fiscal policy position. As the Fed described its latest strategy as quantitative easing which we all know is code for printing money and crediting its own account, it will effectively open the floodgates of monetary velocity and the result will be a crushed U.S. dollar. When will the American people realize that an elite class of less than one percent of individuals will benefit from such activities.