Yep, you read it right. While America is almost choking to death by the impossible national debt it is in, the system that Man of the Year, Bernanke, set up is responsible for monetizing on this debt to make a few wealthy man behind the Federal Reserve, the “central bank” of America even wealthier.

Just to give you a quick picture of how terribly deep in debt America is — in the month of July 2010, the US government paid $20 billion towards interest alone. In the same month the US has added another $165 billion into the national deficit — over only ONE MONTH!

While the US is dying because of the now impossible-to-pay-off national debt, the Federal Reserve is monetizing the debt, making themselves (or maybe a few wealthy men?) wealthier, while American’s are dying away.

How does Bernanke go about doing that? The Federal Reserve just announced that they are about to buy Treasury bonds. But buy doing so, they will be printing new money to be able to purchase the borrowing cost of the US. The Federal Reserve of course does that for an agreed greater return but in order for them to purchase it, the Federal Reserve prints out more money (which they have already intended to do this fall). This is causing the economy to go even closer to hyperinflation, resulting in your greenback to have less and less purchasing power.

To understand more clearly about how the Federal Reserve is monetizing the US debt, watch the video below:

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