USA Watchdog | September 14 2012
I just want to focus on two stories today: the Federal Reserve’s latest round of money printing and the Middle East. Let’s start with the Fed’s announcement. It will print money and spend it buying $40 billion a month in sour debt. It says it is to keep interest rates low and to spur employment, but it’s much more about a continued bailout of the big banks. That’s what economist John Williams of Shadowstats.com says. Inflation is a lock, and gold and silver prices shot up on the money printing news.
Over in the EU, the European Central Bank is doing the same thing, but theirs is “unlimited.” The Germans caved to the pressure, and fresh money is being printed on both sides of the Atlantic. You have to be crazy to be long on the dollar or the euro.
On to the Middle East, and what a mess that is. It will not get better anytime soon. Just last week, I was telling you how the Russians were warning the U.S. about using terrorists in Libya, Egypt and Syria to further their goals of regime change. The Russians basically said this type of plan can blow up in your face, and voila–it did.
The U.S., Libyan and Egyptian embassies were attacked on 9/11, and one U.S. Senator, Bill Nelson, says it’s the work of al-Qaeda. They hate us. It has been widely reported we used al-Qaeda in Libya and Syria and backed the Muslim Brotherhood in Egypt. Meanwhile, we killed a top al-Qaeda official in Yemen with a drone strike!! What kind of foreign policy is this? Now, there is an open feud between Israel and the U.S. The Prime Minister of Israel, Benjamin Netanyahu, is asking the Obama Administration what’s the holdup for an attack on Iran’s nuclear program.