Sending Wichita Jobs Overseas

Drunk With Absolute Purchasing Power
By Richard Daughty "The Mogambo Guru"

…foreign central banks, staffed as they are with idiots, too, are still busily buying up federal government and agency debt through their "custody" account at the Fed, and last week they bought up another $11 billion to add to the $17 billion they bought the week before that, which makes me howl - aaaooooooOOOOOooow! - in outrage.

In short, by destroying our money we are transforming ourselves and our children into slaves of foreigners.

The fact that they are evil is the reason why they want our children to be indebted to them; and in the meantime the debt is also a hefty club to beat us into submission about a whole range of issues, like maybe how the Air Force wants to buy some airplanes from Airbus, a European aircraft manufacturer (and is therefore riddled with foreigners, all of whom are, of course, necessarily evil), all to the chagrin of Boeing, which wanted the contract, and which says that it will "appeal" that decision.

But this is not about airplanes, but about money, because all the money that the Federal Reserve creates day, after day, after day ends up, mostly, in the hands of foreigners, either through the trade deficit that is running at an unbelievable $815 billion a year, or as mere interest payments on the money that foreigners have loaned to us, which (since I was talking about it) totals $2.141 trillion in government debt in this one foreign central bank account at the Fed alone!

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