When the Federal Reserve ( not a government agency ) has to buy their own T-Bills and securities then it is all over for the American economy. The Feds are doing that now…says Pastor Lindsey Williams…printing money to pay off debt leads to a depreciation in the value of the American dollar in the months leading into 2012.
The average Americans life savings diminishes in value with the depreciating US dollar.
Williams 2012 predictions about the Euro currency
The European Union will have some problems. These problems will be reflected in the value of the Euro currency.
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Watch when the Federal Debt Limit is raised again, no one is going to buy the new Treasury Notes. When that happens, the Fed Reserve will go into Financial Repression. That is when the Feds tell the banks or funds how much they have to buy of the new Federal Reserve debt to keep Washington running. Then they will cap interest rates, set higher bank reserves, and other requirements that the banks in order to keep money at hand for Washington.
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