Glenn Beck:
“… I showed a chart to you … from the Federal Reserve in St. Louis … it should take your breath away, but I don’t think most people understand what it really means. It means how much money we’re printing at the Federal Reserve.”
“This is billions of dollars. This [chart] is how much money we print and have in the system at any given time.”
Beck describes historic times on the chart, including:
- 1929, Stock Market Crash
- 1941, World War II Begins
- 1965, Vietnam War Begins and Great Society
- 1971, Nixon eliminates gold standard. “We can just print whatever we want. … Look at how we’ve devalued our money”
- 2000, Y2K “scare”
- 2001, horrible 9/11 event
- 2008, Federal Bailouts Begin
“Let me get in my ‘Al Gore’ machine. Oh, it’s a real inconvenient truth now, isn’t it, Al?”
“Here’s where we were in September last year.”
Inconvenient Debt, Sept 2008
“But then, the Treasury decided we needed to start printing more money. This ‘hockey stick’ should take your breath away. This is devaluing our money.”
“Thomas Jefferson said doing this to our children is immoral, and I agree with him.”
"This is devaluing our money"
“We have pumped all this money in and devalued our money. How is it not going to be worthless?”
“This has never — ever — been done by anybody ever before.”
“Please share this video with everbody you know.”
“This is real trouble. Not in a thousand years. Perhaps in the next year.”
Here is the original chart from the St. Louis Federal Reserve:
Related:
- Florida, Maryland, Utah Banks Shut as Financial Crisis Deepens, Bloomberg radio, Jan 31, 2009.
- A stimulus that does not stimulate, U.S. Congresswoman Lynn Jenkins, Topeka, Kansas City Star, Jan 29, 2009.
- Hyperinflation, Wikipedia
- Hyperinflation, Library of Economics and Liberty
Tags: Glenn Beck, government accountability, Inconvenient Debt
