“Although low inflation is generally good, inflation that is too low can pose risks to the economy – especially when the economy is struggling.” - Ben Bernanke
“The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.” – Alan Greenspan
There you have it – the wisdom of two Ivy League educated economists who are primarily liable for the death of the American middle class. They now receive $250,000 per speaking engagement from the crooked financial parties their monetary policies benefited; write books to try and whitewash their legacies of failure, fraud, and hubris; and bask in the glow of the corporate mainstream media propaganda storyline of them saving the world from financial Armageddon. Never have two men done so much damage to so many people, so quickly, and are not in a prison cell or swinging from a lamppost. Their crimes make Madoff look like a two bit marijuana dealer.
The self-proclaimed Great Depression “expert” Ben Bernanke peddles pabulum about inflation being too low and posing dire risk to the economy, but is blasé that swelling the Federal Reserve balance sheet debt from $900 billion in 2008 to $4.4 trillion today with his digital printing press poses any systematic risk to the country and its citizens. Either his years in academia have blinded him to the reality of his actions upon the lives of real people living in the real world, or his real constituents have not been the American people, but the Wall Street bankers that pulled his puppet strings over the last eight years.
“The Fed is playing a very dangerous game,” Starwood Capital’s Barry Sternlicht warns,”and they need to stop.” Sternlicht has quadrupled his firm’s net worth in this time and, to the incredulity of the CNBC anchors, warns, “this is bad, this is a heroine addiction.. and now they are printing more money than the deficit.” The outspoken CEO of the $29 billion fund, noted “all my friends who are money managers.. are much closer to the sell button than they ever were before,” adding that “everyone’s holding cash,” since if they start to get nervous “volatility will come back instantly.” Simply put, he concludes, “you know when this ends, it’s gonna get ugly.”
On Fed QE and investors’ heroin addiction:
“they should knock this off. This is bad. This is a heroin addiction. The more you get on it, the worse it’s going to get; the more asset values inflate.”
Submitted by Tyler Durden on 11/01/2013 12:09 -0400 When even Bank of America’s Michael Hartnett has a note titled “It’s getting frothy, man“, and joins such other bubble-warners as JPM, Bill Gross, Larry Fink, and David Einhorn, one can be absolutely positive that the Fed will do… absolutely nothing. From Bank of America:
It’s Getting Frothy, Man!Equity funds: 3rd straight week of big inflows ($12.4bn); YTD, equities have seen $231bn inflows versus a mere $16bn inflows to bond funds (Chart 1)
Global Flow Trading Rule: another $8-9bn of inflows to long-only equity funds over next 2 weeks would trigger a contrarian “sell” signal (Chart 2). Bullish investor flows dovetails with our Bull & Bear Index, which is on course to trigger a cautionary riskoff signal in mid-November Crowded trades: this week investors continue to funnel money into Europe, Japan, HY and Floating-rate debt
US$ dollars have been flooding the financial markets ever since Bernanke launched quantitative easing allegedly to turnaround the US economy. These huge amounts of US$ toilet paper are mainly in financial markets (and in central banks) outside of the United States. A huge chunk is represented as reserves in central banks led by China and Japan.
If truth be told, the real value of the US$ would not be more than a dime and I am being really generous here, as even toilet paper has a value.
That the US dollar is still accepted in the financial markets (specifically by central banks) has nothing to do with it being a reserve currency, but rather that the US$ is backed/supported by the armed might and nuclear blackmail of the US Military-Industrial Complex. The nuclear blackmail of Iran is the best example following Iran’s decision to trade her crude in other currencies and gold instead of the US$ toilet paper.
If the United States were not a military threat and a global bully that can blackmail with impunity the oil exporting countries in the Middle East, the global financial system which hinges on the US$ toilet paper would have collapsed a long time ago.
The issue is why has the US$ not collapsed as it should have by now?
When we apply common sense and logic to the state of affairs, the answer is so simple and it is staring at you.
But, you have not been able to see the obvious because the global mass media, specifically the global financial mass media controlled mainly from London and New York, has created a smokescreen to hide the truth from you.
Let’s analyse the situation in a step by step manner, and apply common sense.
1. The US is the world’s biggest debtor. The biggest creditors are China and Japan, followed by the oil exporting countries in the Middle East. With each passing day, the value of the US$ toilet paper is worth less and less. Like I said earlier, even toilet paper has some intrinsic value. It reaches zero value when everyone has to carry a wheelbarrow of US$ to purchase anything.
2. For the US$ toilet paper creditors, they cannot admit the fact that they have been conned by the global Too Big To Fail Banks (TBTFs) acting in concert with the FED and the Bank of England to accept US$ toilet papers. The central bankers of these countries have a reputation to preserve (not that there is in fact any reputation, for their so-called financial credibility is also part of the scam) and the political leaders that relied on them is in a bigger bind. How can the political leaders be so very stupid to trust these central bankers (who have stashed away in foreign tax havens huge US$ toilet papers as a reward for their complicity). This is the current state of affairs in plain English. They are having sleepless nights worrying if and when the citizens would wise up to this biggest con in history i.e. the promotion and acceptance of fiat currencies, the US$ being the ultimate fiat currency.
United States Congressional Record, March 17, 1993 Vol. 33, page H-1303
THIS IS IMPORTANT!!!!
Speaker-Rep. James Traficant, Jr. (Ohio) addressing the House:
“Mr. Speaker, we are here now in chapter 11.. Members of Congress are
official trustees presiding over the greatest reorganization of any Bankrupt
entity in world history, the U.S. Government. We are setting forth
hopefully, a blueprint for our future. There are some who say it is a
coroner’s report that will lead to our demise.
It is an established fact that the United States Federal Government has been dissolved by the Emergency Banking Act, March 9, 1933, 48 Stat. 1, Public Law 89-719; declared by President Roosevelt, being bankrupt and insolvent. H.J.R. 192, 73rd Congress m session June 5, 1933 – Joint Resolution To Suspend The Gold Standard and Abrogate The Gold Clause dissolved the Sovereign Authority of the United States and the official capacities of all United States Governmental Offices, Officers, and Departments and is further evidence that the United States Federal Government exists today in name only.
“Three hundred men, all of whom know one another, direct the economic destiny of Europe and choose their successors from among themselves.” –Walter Rathenau, 1909, founder of the mammoth German General Electric Corporation
The Committee of 300 is a product of the British East India Company’s Council of 300. The East India Company was chartered by the British royal family in 1600. It made vast fortunes in the opium drug trade with China and became the largest company on earth in its time.
Today, through many powerful alliances, the Committee of 300 rules the world and is the driving force behind the criminal agenda to create a “New World Order”, under a “Totalitarian Global Government”. There is no need to use “they” or “the enemy” except as shorthand. We know who “they”, the enemy, is.
The Committee of 300 with its “aristocracy”, its ownership of the U.S. Federal Reserve banking system, insurance companies, giant corporations, foundations, communications networks, presided over by a hierarchy of conspirators—this is the enemy. Secret societies exist by deception. Each is a hierarchy with an inner circle at the top, who deceives those below with lies, such as claiming a noble agenda; thus, duping them into following a web of compartmentalized complicity.
The inner circle of the Committee of 300 is the Order of the Garter, headed by Queen Elizabeth Windsor II. It is interesting to note that the Windsor’s changed their name from the Germanic Saxe-Coburg-Gotha during WWI, because of anti-German sentiment.
The so-called Global Financial Crisis is a term so widely used that it has earned its own acronym of GFC. When first seen, it seemed like girl friend club or some such, since many friends use GF loosely to refer to sweethearts. The GFC is falsely named, since it is more accurately described as a global monetary war with the USGovt vigorously defending its franchise in the USDollar forcrude oil and trade settlement, and for bank reserves management. Take either away, and the other departs quickly, leaving the United States vulnerable to a quick ticket to the Third World marred by price inflation and supply shortage, even isolation in ring fences. On its own devices, the US is in as bad shape as the worst of the PIGS nations. The USGovt debt is above 100% of GDP finally. The annual deficit of $1.5 trillion could not be financed in normal methods. So the USFed is the adopted buyer of last resort, purchasing over 80% of new and recycled US debt issuance. The Interest Rate Swap tool acts like a hydraulic howitzer, in pushing down the long-term interest rates by creating false artificial demand. Without the IRSwap contract, a Morgan Stanley specialty, the US interest rates would be 6% to 7% just like Spain and Italy. The USTreasury Bond is not a safe haven, but rather a place where Weimar printing press operations persist, where decisions like SWIFT code rules are enforced like a illicit weapon, where billboards are painted to attract embattled investors of impaired toxic sovereign bonds from Southern Europe to retreat to the supposed safe haven of USTBonds.
WEAPON FOR INFLICTION
The USDollar has become the Weapon of Mass Self-Destruction.Three years ago, the Jackass made a statement frequently, that the first nations to depart from usage of the US Dollar for exclusive trade and reserve bank operations will be the leaders in the next chapter. That list of insurgent nations is being defined right here and now. Those who remain committed to the US$ in trade and banking will put themselves at risk of systemic collapse and on a direct path on a slippery slope to the Third World. As the pace of capital destruction continues from the US$ conduit, lifting the cost structure as the debt monetization continues, the global economy will continue to falter. In the West witness the economic recession. As the USGovt raises the pressure on rebels on the world stage that refuse to comply with the USDollar Club, supported by the USMilitary that seems never to question the wisdom of directives from on high, the stress level to the entire global financial and monetary system is shaken severely. In the East witness the stall from the Western drag. The biggest blind spot among economists, whom the Jackass has unabashed bold disdain toward, has been that the ultra-low near 0% official rate has been the steady persistent cause of capital destruction and a guarantee for recession.
united states currency eye- IMG_7364_web (Photo credit: kevindean)
December 30, 2011 By Al Holtje
The outrage and contempt I have for the American political system is beyond comprehension. As Abraham Lincoln so eloquently phrased at Gettysburg it’s sad to say; “government for the people and by the people” has been betrayed. Today, the engine that energizes government is fired by corruption and power in the never ending battle for control of the nation’s checkbook. What is most disturbing to me is that the great majority of American’s sit back and buy into the right vs. left arguments ignoring the essential issue which is the plight of the ship of state. In truth, it’s rarely about “us” any more; it’s about them and their reach for power. Now as 2012 approaches, it won’t be long before the worn and torn American dollar becomes the catalyst that sinks the shaky boat that carries the world’s money supply. The system is overloaded and hopelessly corrupted under the weight of debt and computerized derivative contracts, a situation that is now out of control.
At the center of the next economic earthquake will be the unregulated and very profitable derivative contracts denominated in dollars. The first tremor occurred in 1998 when there were $50 trillion in contracts outstanding. Russia defaulted on its debt and that incident caused a magnitude 4economic earthquake. The Federal Reserve had to reduce interest rates four times to contain the damage. That was followed by the housing bubble in 2007 (magnitude 7). No one went to jail and now, as we move forward to 2012, derivative contracts are valued at $1.4 quadrillion equal to $206,000 for every man, woman and child on the planet. A sum so huge that it is equal to 100 times all the money on deposit in the nation’s banks. Not one penny of that amount went to creating jobs, assisted in the economic recovery or otherwise helped the millions of American’s in need. It’s just simple basic math and greed that is being ignored by the President, the Secretary of the Treasury, the Chairman of the Federal Reserve and both parties in Congress.
UPDATED 2/17! At last — the final four sections of our epic investigation into Financial Tyranny. Get the overview of what we have learned, with stunning new information that paves the way for an end to Financial Tyranny — once and for all.
All updates will be listed at the end of the Comments Section as they come in. Stunning new events are happening on almost a daily basis that show this historic defeat of Financial Tyranny is now imminent.]
SECTION SEVEN:The Evidence is Irrefutable
LET’S REMEMBER THE BIG PICTURE
Before we feature our exclusive interviews with the key players in the lawsuit that could defeat Financial Tyranny, let’s step back and look at the Big Picture.
We have scientific evidence that a monopoly of 1,318 corporations, headed by the Federal Reserve banks, is now earning 80 percent of the world’s wealth. This ‘core’ is in turn being run by a “super-entity” of 147 corporations, most of which are financial institutions.
The top corporations in the “super-entity” are the Federal Reserve banks — and they created 26 to 29 Trillion dollars in bailouts for their own companies from 2007 to 2010.
The Rothschilds admitted in their own 1962 biography that Mayer Amschel’s five sons “conquered the world more thoroughly, cunningly and lastingly than any Caesar before or Hitler after them.”
Nathan Rothschild destroyed the British economy by making the entire market think Napoleon had defeated them. In one single day of trading, he was able to increase his net wealth by 6500 times — and did what Napoleon could not.
Rothschild conquered Great Britain.
MANY OTHER DATA POINTS TO CONSIDER
We gave links to multiple books full of information — now free to read online — proving there was a government-led uprising against the Illuminati in 1784… and a massive worldwide revolt against Freemasonry beginning after William Morgan’s murder in 1826.
Freemasons openly bragged about controlling the media, the police, the judiciary, the financial system and the government. 45,000 out of 50,000 Masons in the United States – 90 percent – all quit once the scandal broke, and were treated as heroes.
I believe there is abundant evidence that we are right on the threshold of another historical event like this — only of significantly greater magnitude.
We have also thoroughly documented how the global media is in the hands of a very small number of corporations.
We gave compelling evidence that its content is controlled through Operation Mockingbird, which was implemented in the dawning years of the CIA.
NEW YORK (CNNMoney) — One Fed official owns thousands of acres of farmland and at least $1 million in gold. Many own individual blue chip stocks, while another appears to hold no major assets other than his home and an employee benefit plan.
Americans got an unprecedented peek at the wealth of the Federal Reserve’s top ranks this week, when the central bank released nearly 600 pages of financial disclosure documents from its current regional presidents.