As expected (by me anyway) Janet Yellen’s, a member of the Council on Foreign Relations (CFR) along with all of the “too big to fail banks” and Tim Geithner, appointment changes absolutely nothing in the Federal Reserve’s direction.
Yellen made it quite clear at her first press conference stating that she expects “a great deal of continuity” in Fed policy. The obvious meaning is that she will follow the instructions of her controllers using the same game plan as her predecessor. Ben Bernanke. This also means the market will continue to get blown up by easy Fed money which is why it responded so positively to the Yellen conference.
In all likelihood, the engineered decline of America will continue as planned. I hope you are still not naïve enough to think that all of this is happening by accident. Hint: In the realm of high finance there are few accidents that have not been well contemplated in advance. Undisclosed agenda and content at meetings of the wealthiest, power elite on the planet like the Bilderberger meetings, ensure that is not happening. It may not unfold exactly as visualized in the end, but it is not accidental.
Some people like to claim, with pre-digested opinions fed to them through the media, that it is the fault of failed capitalism. But really, how utterly naïve can one be?
I mean really now, capitalism? What capitalism? Obviously, it is not a form of capitalism that can be labeled as a “free market” variety. The Feds , a privately held cartel posed as a quasi-government agency, as evidenced from Yellen’s hubris and confident declarations, serve as an unacknowledged controller of our economy. They dictate the purchasing power of the dollar through the supply of Federal Reserve Notes (FRN’s) in the market place. A privilege granted to them by a Congress whose vote buying legislation and programs they fund through what Edward G. Griffen, author of The Creature from Jekyll Island, refers to as “The Mandrake Mechanism”.
The hidden factor in this mechanism of currency supply is that there is nothing behind it but our taxes. It is issued with no redeemable value other than through its use as a debt and tax payment instrument. Even this it gets by fiat (declaration) by government as legal tender. The reserve of the Federal Reserve is our labor paid out in the form of taxes.
This means they (The Federal Reserve), in truth, create money from nothing! The government asks for it and the Feds issue it with interest payable to them of course. As government debt grows or the Fed issues money for banks (including foreign banks)they generate more FRN’s. The more FRN’s there are in circulation, the lower the purchasing power of the FRN.
Think of it this way. What do you think would happen to the value of diamonds if they discovered a moderately sized island with a beach of diamonds surrounding it? Might tend to skew the value of the available supply of diamonds a bit to downward side one would think.
The same principle applies to Federal Reserve Notes. The fact is, purchasing power has been lowered during the 100 years of the Fed considerably to 5 cents of what it was worth when the Fed began. All consistent with a case of continually growing supply of money based on nothing.
A reflection of this is our national debt. The citizens of the U.S. are currently carrying a national debt of $17.3 Trillion or over $150,000 per taxpayer or over $54,000 per man, woman and child.
Now, throw in mega Trillions in debt from unfunded liabilities like Medicare and Social Security as a growing number of baby boomers reach retirement age, along with our continual wars, and you can predictably expect a landslide of future debt arriving with increasing velocity over the next decade and beyond. This is what the Congressional Budget Office called in its reports an unsustainable economy before the 2008 crash.
Then, in this mislabeled “free market” economy, which some blame on capitalism there exists an additional $1.8 Trillion annual regulatory debt functioning as a hidden tax that further drags on the “free” market and adds over 10% to the cost of most manufactured goods.
According to the Competitive Enterprise Institutes (CEI) Annual Report – The 10,000 Commandments, “Total costs for Americans to comply with federal regulations reached $1.806 trillion in 2012.
For the first time, this amounts to more than half of total federal spending. It is more than the GDPs of either Canada or Mexico with whom we are tied through the UN driven NAFTA agreement.
According to the latest report from CEI, regulatory costs amount to $14,678 per family which is 23 percent of the average household income of $63,685 and 30 percent of the expenditure budget of $49,705. It is also more than receipts from both corporate and personal income taxes combined.”
When regulatory costs are combined with $3.53 trillion in federal spending, Washington’s share of the economy now reaches 34.4 percent of the economy. Free market?
So how can this be the fault of capitalism? The government controls all of our markets, some more than others, with regulations. The privately held Federal Reserve controls the economy through determination of the money supply and its borrowing costs (interest rates). What free market? Between the Fed and the government the free market is no more real than Puff, the Magic Dragon or Buffy, the Vampire Slayer.
Like Bernanke, Yellen pointed to ongoing concerns about the long-term unemployed. “We shouldn’t focus only on the unemployment rate,” Yellen said.
I guess that could be because it isn’t real, but she didn’t exactly flesh that part out.
As of January 2014, about 3.6 million Americans were unemployed for more than 6 months. They make up 36% of the unemployed. Another 7 million Americans were classified as “part-time for economic reasons,” meaning they worked fewer than 35 hours a week due to slack work, unfavorable business conditions or inability to find a full-time job.
In reality, about 91 million adult Americans don’t work, and aren’t even looking for jobs. They make up 37% of the population — the highest level on record since 1978. They don’t count in the unemployment figures. Many Americans are simply not looking for jobs.
At present, the Federal government claims that in January, unemployment fell to 6.6%. However, much of the decline in the unemployment rate over the last three years has come from Americans simply dropping out of the labor force. According to government measurements, only those workers who have actively looked for work within the last 4 weeks are included in its numbers when calculating the unemployment rate.
Yellen acknowledged this reality without stating it directly when she stated: “Too many Americans remain unemployed, inflation remains below our longer-run objective [Yet another lie.], and the work of making the financial system more robust has not yet been completed”.
So what does the next Federal Reserve puppet head plan to do about it? In her testimony, Yellen said the Fed plans to continue winding down the stimulus program “in further measured steps at future meetings.” She also reiterated that the Fed intends to keep its key interest rate near zero “well past the time” the unemployment rate falls to 6.5%.
She intimates that this will serve as a stimulus to employment by allowing banks to borrow money for nothing. (Nothing for nothing I guess.) If borrowing flows, according to Keynesian inspired deficit spending theory, so too will the economy. But will a stimulus of money for nothing really stimulate an economy?
It’s been three years since Greece was granted 110 billion euros in the first of two bailouts by its EU partners and the International Monetary Fund. What actual results have been produced as a consequence of this money manna from Central Banker Heaven?
In Greece, harsh austerity measures have driven the economy into the ground since the economic stimulus plans were initiated. Unemployment has soared. More than 6 in 10 young workers are out of a job. Greek unemployment has gone from 9.5% in 2009 to 27% in 2013. Government debt as a % of GDP has risen from 130% in 2009 to 175% in 2013.
Money from nothing in actual reality changes nothing. And, in fact, as Greece demonstrates, it only makes it worse.
“The entire economic recovery storyline is a sham built upon easy money funneled by the Fed to the Too Big To Trust Wall Street banks so they can use their HFT supercomputers to drive the stock market higher, buy up the millions of homes they foreclosed upon to artificially drive up home prices, and generate profits through rigging commodity, currency, and bond markets, while reducing loan loss reserves because they are free to value their toxic assets at anything they please – compliments of the spineless nerds at the FASB.
GDP has been artificially propped up by the Federal government through the magic of EBT cards, SSDI for the depressed and downtrodden, never ending extensions of unemployment benefits, billions in student loans to University of Phoenix prodigies, and subprime auto loans to deadbeats from the Government Motors financing arm – Ally Financial (85% owned by you the taxpayer).
The country is being kept afloat on an ocean of debt and delusional belief in the power of central bankers to steer this ship through a sea of icebergs just below the surface.”
We all need to stop blaming a mythical, non-existent system with the fraudulent label of “capitalism”. We really need to blame ourselves for being spineless dupes who have allowed a minority of elite super wealthy people to take control of all of our lives and do something about it. We can start at the voting booth including the primaries where the first choices are made.
Nero fiddled while Rome burned. We watch American Idol, Super Bowls and Survivor as American freedom burns. Isn’t it time we got a little more active in this game, in place of complacently letting things happen without active protest at least at the voting booths and with our dollars?
An ordinary citizen with well over a decade of study devoted to uncovering the truth about government and authorities.Deception is fostered by the omission of key information, background or facts. This is an important way in which your mind is being controlled. Whatever entity controls your mental frame also controls your life.Filling in the background and gaps helps you understand the impact and intent of government/authorities on your life, Better informed, you will take more meaningful actions to help restore your lost freedoms
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