The role of US debt in the current revolution

posted by
February 23, 2011
by Bill Bonner  
Posted in Commentary

"Well, how do you like that, Dear Reader? All those billions of dollars spent propping up dictators -- $70 billion was the cost of supporting Hosni Mubarak in Egypt alone -- and then the Fed comes along and knocks them down. The Fed lowers the cost of money so speculators can borrow below the rate of inflation. And then it prints up trillions more -- just to top up the worlds’ money supply. Is it any wonder food prices rise?" (02/24/11)  

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