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Money Printing Frankenstein Experiment-Reggie Middleton
3 October 2012
By Greg Hunter’s USAWatchdog.com
Investor Reggie Middleton says the “unlimited” money printing by the Fed is a “real-time Frankenstein experiment.” Middleton “. . . doesn’t see a positive end to this.” He says, “Insolvent institutions need to fail and start from scratch,” but global central banks are propping them up because they think they can put the economy back on track with trillions in freshly printed cash. Middleton says, “We’re going to end up starting from scratch anyway. . . Either you believe in the magic of the Fed or the math of the real world. Magic simply doesn’t work, even Harry Potter has problems.” The only thing that is really being accomplished, according to Middleton, is the “destruction of the economy.” He goes on to say, “You are basically sacrificing the majority to keep the minority in place.” Join Greg Hunter as he goes One-on-One with Reggie Middleton of Boombustblog.com.
The ‘fed’ does not print a single note. The U.S. Treasury, under the ‘Bureau of Engraving and Printing’, prints every single dollar under the authority of the OCC (Office of the Controller of the Currency). The ‘fed’ is a straw man created to fool the sheeple that the government is not behind this ‘inflation’. Nothing could be further from the truth.