If you want
a clear picture of how the US works today, all you need to do is look at the
latest budget “showdown.”
Congress debating over $30+ billion in spending at a time when the Federal
Reserve is printing $100 billion per month or so to buy US debt.
about this for a minute. We have a debt problem. And according to our elected leaders, the way to address that
debt problem is to fight over some $30 billion in spending at the exact same time that unelected leaders
(the Fed) are printing three times that amount (at least that we know of) to
buy MORE US debt.
bizarre, but it reveals the real power structure in the US’s “democracy.” To
anyone who focuses on the numbers, not the noise, it’s obvious that Congress is
just a grand distraction from the folks who really decide things AKA the Fed/
How else can
you explain that EVERYTHING the Fed says to us (and Congress) is an outright
lie and yet no one does anything about it?
Not so much.
QE keeps interest
point, how on earth any of the “experts” have credibility is beyond me.
Bernanke has definitely committed perjury at least once. He also clearly has no
understanding or finance or economics… or he’s a pathological liar.
President Dudley seems to think that an iPad has the same value to humanity as
food. And somehow we’re meant to believe that his ties to Goldman Sachs were
full severed when he became a public servant.
On top of
this, the Financial Reform bill was penned by two of the most corrupt members
of Congress in history. Even the former head of TARP has admitted that the
whole program was nothing more than a backdoor handout to Wall Street. And our
President who ran on a platform of “Change” has proven to be an even more
aggressive version of the leader he replaced.
environment, the entire system is based on lies and illusions. What are the
odds that the stock market, corporate earnings, and other financial entities
are also based on lies?
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