What Are They Thinking?!?

On November 4th, 2010 an article appeared discussing the fact that the Federal Reserve Bank has chosen to monetize the debt.  Monetize the debt! 

I would not have known what that actually meant a few years ago.  Now I understand.  If I chose to monetize my debt, I would write a check to myself to deposit into my checking account.  Example:  I have $100 in my account.  I write a check to myself for $100 and deposit it.  Now I have $200 in my account. Umm, NOT!  Our federal government is going to do that by purchasing our own bonds.  It will print money to pay for money.  In the private sector they would be imprisoned for counterfeiting or fraud or theft. 

I don't know about your family, but we have had to cut back.  There are things we can't buy now.  There are things we can't do now.  We have to watch every penny that comes in and goes out.  I am not allowed by law to write a check to myself to put in my checking account and use the money to buy other things.  Why does the government think this is a good idea? 

Think hard.  I would love to see a plus side to this.  I can't.  I feel like I'm watching a train wreck and I'm stuck on the train.

Thank God I believe in the fact that God is in control.  I don't know if everything will work out the way I'd like, but at least I know it will work out the way He planned.  I think if I did not know this I would curl up in my bed and stay there.