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Congress WAKE UP: QE is a FAILURE and Bernanke is LYING
Congress,
you need to wake up. The people who are acting as your financial advisors are
lying to you about the economy and our financial system. They’re also lying to
you about the effectiveness of their policies.
Consider the
Fed’s Quantitative Easing (QE) efforts.
The Fed
claims that QE is about helping the housing market by keeping interest rates
low. It also claims that QE is working.
These are
lies.
Interest
rates ROSE every time the Fed engaged in QE. EVERY TIME. Here’s a chart making
it OBVIOUS Ben Bernanke is a liar:
As for QE
working… consider this.
During QE 1,
the Fed put roughly $50 billion into the financial system per month. Today,
with QE 2, it’s putting twice this: $100 billion.
If QE is
working, why are the amounts of money going up? They SHOULD be going DOWN. But
they’re not. They’ve doubled.
This about
it Congress. If a Doctor gave you medicine to combat the flu, and then told you
it was working but that he needed to DOUBLE the dose… would you believe him?
How about it he suggested increasing the dose AGAIN after he’d already doubled
it? Would you want to continue treatment?
Of course
not. You’d know he was clueless.
And yet,
this is what you’re letting Ben Bernanke do to our financial system. You’re
letting him destroy our currency and quality of life to support a LIE. The
American People know it, which is why they’re getting more and more outraged.
And the
American people are the ones who VOTE.
You are
supposed to represent us. You are supposed to defend us against threats both
internal and external. Bernanke is lying to you and all of us. He is an
internal threat to our financial wellbeing.
DO SOMETHING
ABOUT IT.
There are
other advisors who are honest, intelligent, and have actual solutions to deal
with the issues we’re facing. There are people who predicted the 2008 Crisis (I
was one of them, but that’s besides the point). There are people who actually understand finance and
economics. They’re more than
willing to talk to you and offer you their insights.
But they are
NOT the people you are surrounding yourself with.
We are
getting close to the End Game for the US’s current monetary policy. We might be able to do something about it,
but that will ONLY happen if you dump Bernanke and the other financial advisors
you go to and talk to OTHERS who know what they’re talking about.
If you
don’t, the US will go the way of Greece and every other bankrupt nation that
lets Central Banks and Wall Street dictate how to run their economy. That’s not a threat, that’s a fact. You
can see the countries falling like dominos around us. Why don’t we take action
to make the US great again?
You can do
this.
Best
Regards,
Graham
Summers
PS. To
individual investors, if you’re getting worried about the future of the stock
market and have yet to take steps to prepare for the Second Round of the
Financial Crisis… I highly suggest you download my FREE Special Report
specifying exactly how to prepare for what’s to come.
I call it The Financial Crisis “Round Two” Survival
Kit. And its 17 pages contain a wealth of information about portfolio
protection, which investments to own and how to take out Catastrophe Insurance
on the stock market (this “insurance” paid out triple digit gains in the Autumn
of 2008).
Again, this
is all 100% FREE. To pick up your copy today, got to http://www.gainspainscapital.com
and click on FREE REPORTS.
PPS. We ALSO
publish a FREE Special Report on Inflation detailing three investments that
have all already SOARED as a result of the Fed’s monetary policy.
You can
access this Report at the link above.
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What you don't or won't understand is that Bernanke represents the FED : private institution representing the Greenback, the world reserve currency, as proxy staff holder of democracy and free enterprise, based on the TRUST of the people, which it has totally betrayed. It is thus in essence, by this concentration of financial power, the cumulative expression of those who built both the Legend and the REALITY of American capitalism. Now seemingly in it's death throws for the same reasons that Rome died when its genitors of the Republic decided they didn't want republican values but rather greedy Oligarchy : they got Dictatorship instead... So now you know where we are heading... with the world Oligarchy in its current mad, momentum. Unless it collapses under it's own weight, financially toxic, self feeding inertia, like a moving current of destructive lava; result of 'irrational exuberance', greedy hegemonic hubris. To stem this fatal flow of mayhem, formented by demented plutocrats, to benefit from this crucial tipping moment when this new heterogenous Illuminati have not defined a coherent game plan for survival of its lifeline... in this interim game changing period, it is clear to see that with the man at the top, this Elite has not yet found it's TRUE imperial Caesar! Count our blessings, if we be republicans and democrats in true sense of these words, that they be where they are...in this vacuum of indecision and treacherous incompetence. Blessing in disguise of dire impoverishment but of true liberation, let the people say their word...as in revolutionary France but with the legal instruments of our institutions of today. That the flame of hope be never extinguished.
"There comes a tide in the affairs of men...the fault lies not in our stars but in ourselves...that we be the underlings"...Heady word a thousand times said but which tell us...It's been done before!
Unless you citizens of new Rome believe in Oligopoly, as silent participants in the hope of saving the Empire which now treats its citizens like the people of the damned. Then all one can say as outside spectator and inevitable victim of unfolding new paradigm is that the Stockholm syndrome is a sad reality of the times. And let the people of this singularly marked but delusional fold bet on the 'puts' and 'calls' of a system that defies gravity...until it falls.
Anyone that does know that bernank is a puppet, need to wake the hell up.
Sure, remove benny and replace him with who? Kermit? Cookie Monster? I like jeff dunham's Walter.
Bingo was his name-o.
Benron is just the salesman for the Banksters.
He tries to sell his Keynesian snake-oil to the pols.
Bernanke is working for the Fed's parent company the IMF. There is more to the story yet we'll leave that alone for now.
Asking and answering "Why POMO" is really simple.
The Fed is a private company owned by members.
Fed members are suffering due to hazardous balance sheets so they buy US debt because they know the Fed will buy it back, FAST, yet at a higher cost.
Said higher cost gives Fed members 'free' money to help these member's toxic balance sheets.
The US sheeple get screwed for the 'fast profit' Fed members make in this process.
See, that was easy.
I agree with you but a big part of the problem seems to be the Bernank's ego. He's perceived as a "Mr. Depression" expert and won't admit when his strategy is wrong. He keeps doubling down on credit as a good Keynsian does I guess.
http://www.youtube.com/watch?v=zDAmPIq29ro
The problem is that every time he doubles down he is playing with MY MONEY, he is not playing with his own money. Every Tax Payer loses if he loses his bet.
I would rather he play with his own money and see if he wins or loses. Rather than the Nations Money, Credit and Integrity.
He is pushing it to the limit that we are going to lose our Reserve
Currency Status. That will kill America and all of its Citizens.
His gambles are at the point that if he wins and the economy turns around but if he loses American and their Reserve Currency standard is lost, including their integrity.
The risk is too great for the reward. Plus, his stimulus only goes to the Banks and does not benefit average Americans.
Hey man,don't you think that he play mostly not with your american money,he damage our World citizens money because all transaction for wires of funds going in dollars and whatever you in EU,Russia,Phillipines,Israel,Brasil and wish to send fund to other country-it will be dollars or Euro and thats why now will be war on Euro,but in the way to crash both Euro and dollar,you american people without power,you have only voting and its bought on days it should be applied,you are fool and I love you guys,but i can not help you in this point!
he is doing exactly as he is told by his overlord banker masters. the point is not fix the U.S. economy, but rather, to crush it and set the stage for more centralized control, aka, one world currency... (who cares about one world government at this point, the currency control alone would do the trick, and the politicians are already sock puppets anyway).
Give me control of a nation's money and I care not who makes it's laws" — Mayer A. Rothchild
I will vote for you to be senator,whatever state you choose