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Federal Reserve: We Rob-From-The-Poor To Give-To-The-Rich

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Click For Original Post - Federal Reserve: We Rob-From-The-Poor To Give-To-The-Rich

Written by Jeff Nielson

 

 

There was some particularly astute observation and analysis from Zero Hedge, concerning recent, stunning revelations from the Federal Reserve. What was “stunning” was not the content of those revelations. As Zero Hedge noted, it only told us what “we knew already”. No, what was so shocking was that the Federal Reserve was (finally) prepared to obliquely admit its real “policy”: rob-from-the-poor to give-to-the-rich.

Monetary policy currently implemented by the Federal Reserve and other major central banks is not intended to benefit one segment of the population at the expense of another by redistributing income and wealth. Any decisions regarding redistribution are considered to be the province of fiscal policy, which is determined by elected policymakers. However it isprobably impossible to avoid the redistributive consequences of monetary policy-making. [emphasis mine]

There are numerous observations to be made concerning this very slippery mea culpa. We start with the fact that while the Fed now openly admits the wealth-redistribution effect of its (insane and criminal) policies, it refuses to identify who is on the receiving end of this gravy train. Let’s stipulate this, in more precise terms.

The rich are still getting richer…and everyone else is getting hosed.

Pew’s latest data looked at how American households have fared since the depths of the recession.

The richest 7% of American households—8 million with more than $836,000 in net worth—did quite well from 2009 to 2011.

Their average net worth rose from $2.5 to $3.2, a 28% jump.

The other 93% of American households, meanwhile, lost out. [emphasis mine]

There we have it, the exclusive beneficiaries of the Federal Reserve’s monetary policies: 7% of the population, 8 million “haves”, 310 million “have-nots”. Of course its common knowledge that within this privileged 7% that the wealth of the Top-1% has been soaring – and at an unprecedented rate. They now “have” more than the other 99% of us, combined.

But note how these wealth-thieves try to get themselves off the hook, as they steal for their Masters:

Monetary policy…is not intended to benefit one segment of the population at the expense of another by redistributing income and wealth…However it is probably impossible to avoid the redistributive consequences of monetary policy-making.

They weren’t trying to make the Top-1% wealthier, and at a rate never before seen in history, it was merely “probably impossible” for them to do anything else. In criminal law, this distinction (even if we believe the Fed-heads) is the difference between convicting someone of murder, or ‘merely’ convicting them of manslaughter.

And let’s be explicit here: a crime has been committed. The Federal Reserve also acknowledges that, “Any decisions regarding redistribution are considered to be the province of fiscal policy, which is determined by elected policymakers.” Only our elected officials are legally allowed to engage in wealth-redistribution, while (supposedly) representing us. When these unelected, private bankers do so, they are committing a crime: robbing-from-the-poor to give-to-the-(very) rich.

However, we learn later that the Federal Reserve’s claim that this massive wealth gravy-train for the Top-1% is accidental is nothing but a thinly veiled lie. This part of the revelation comes in two parts. First the Federal Reserve acknowledges that its high-inflation monetary policies will always benefit those at the top.

One could also argue that, in the long run, the redistributive consequences of monetary policy might average out. In other words, if the same type of households that tend to gain…during economic expansions also tend to lose…during recessions, then over the time the average effect could be wash.

Understand what is really being said here. Inflation benefits the top-7% (and mostly the top-1%), and deflation benefits the Little People, i.e. the bottom-93%. But going back to (at least) 2002, the Federal Reserve has been on-the-record, on a near-daily basis, vowing to try to make sure we never experience deflation, as expressed in this speech from none other than B.S. Bernanke himself.

 

Federal Reserve: We Rob-From-The-Poor To Give-To-The-Rich – Jeff Nielson

 

 

 

Deflation: Making Sure “It” Doesn’t Happen Here

What is “it”? Seeing life actually get better for the Little People. According to the (now) confessed criminals of the Federal Reserve, it’s not good enough just to steal from the Little People and give to the Top-1% most of the time, they want to steal from us all of the time.

Note, also, how this finally/belatedly echoes what has been said in previous commentaries. It is deflation, not inflation that provides both genuine healing for economies and genuine prosperity for the people – everyone except for the Thieves at the top. And this is what the Fed criminals vow to prevent.

Let’s summarize the confession to this point. We first have the criminals themselves acknowledging that with respect to their high-inflation monetary policies it’s “probably impossible to avoid” those policies benefiting the Top-1%, at the expense of nearly everyone else. We also have them publicly stating, again and again, that they will do anything in their power to make sure this ‘accident’ continues in perpetuity.

We’re not trying to steal from the Little People to give to the Top-1%. We will just do anything and everything in our power to make sure it’s “probably impossible” for anything else to happen, ever.

If this new confession was the limit of our “case” against the Federal Reserve criminals, a prudent prosecutor may hesitate before initiating criminal proceedings. However, we have much more evidence of guilty (i.e. criminal) intent: years and years of deliberate deceit, as the Fed-heads try to hide this ‘perpetual accident’.

First we have the Federal Reserve (via the absurd statistics which it concocts in collusion with the U.S. government) asserting that inflation is “low”, when very obviously it is extremely high. With both food costs and housing costs spiraling higher at the fastest rate in our lifetime (the two largest cost-components of most household budgets), obviously in the real world we have double-digit inflation.

But this is only ½ of the Federal Reserve’s inflation lie. The second, and even more-odious half of their lying is the claim that this double-digit inflation is “too low”. To understand the evil behind this lie, we must assemble our puzzle-pieces with precision.

First of all, inflation is the economic equivalent of cancer. Even the Federal Reserve now admits this, although it frames it in terms of parasitism: its high-inflation policies benefit the top-7% and blood-suck the bottom-93%. Thus it is impossible for inflation to ever be “too low”. This is a deliberate, malicious lie, especially in conjunction with their serial lies concerning the inflation rate.

Now let’s return to the original confession. We have the Fed-heads now admitting that inflation benefits the Privileged Class (the top-7%, and primarily the Top-1%) and harms everyone else: it robs-from-the-poor and gives-to-the-rich. Ergo, the higherthe rate of inflation, the faster the Fed robs-from-the-poor and gives-to-the-rich (something else we already knew). But we also have the Federal Reserve on record, again and again and again, expressing their frustration that inflation is “not high enough”.

It’s not enough for these criminals to be deliberately engaging in stealing from the Little People and giving to the Top-1%. It’s not enough for them to do everything in their power to perpetrate this stealing all of the time. They have also made it clear that they want to steal as much as they can, all of the time.

However, there is one further, important facet to the Federal Reserve’s confession: it’s not alone.

Monetary policy currently implemented by the Federal Reserve and other major central banks is not intended to benefit one segment of the population at the expense of another… [emphasis mine]

In other words, it’s not only the Federal Reserve which is engaged in this policy of ‘accidentally’ stealing as much as it can from the Little People, all of the time, and giving the proceeds of this crime to the Top-1%. Other central banks belonging to the Western crime cabal are also engaged in (and equally culpable for) the same ‘accidental’ stealing in their own regimes.

The Top-1% are stealing from nearly all of us, all of the time – and they have now stolen most of our wealth. Their primary tools in this systemic theft of wealth are their lackeys in the central banks. And now the lackeys have confessed to the crime.

 

Click For Original Post - Federal Reserve: We Rob-From-The-Poor To Give-To-The-Rich

Written by Jeff Nielson

 

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Tue, 06/16/2015 - 12:10 | 6202116 moneybots
moneybots's picture

"Deflation: Making Sure “It” Doesn’t Happen Here"

 

Math says a cycle has two phases, Up and Down.  Math is an absolute.  It is never different this time.  Every boom ends in a bust.  Math demands it.

The ZIM dollar hyperinflated.  It just Hyper-deflated.

Tue, 06/16/2015 - 12:28 | 6202207 Obama LaForge
Obama LaForge's picture

God, give me inflation over deflation any day. Deflation is coming...

Tue, 06/16/2015 - 11:41 | 6201945 kchrisc
kchrisc's picture

Guillotine the Fed. Audit the heads.

Liberty is a demand Tyranny is submission.

Tue, 06/16/2015 - 11:26 | 6201848 LostAtSea
LostAtSea's picture

"Elites" are only gaining power and wealth because it is enabled by our "ruling" government. Those who are crying out for more government to help the "Little People" should realize that increased government ALWAYS leads to more corruption, which always creates class imbalances.  The answer is less government.  Please to not conflate crony-capitalism with true free-market capitalism.

"I swear by my life and my love of it that I will never live for the sake of another man, nor ask another man to live for mine."

Tue, 06/16/2015 - 11:19 | 6201809 LostAtSea
LostAtSea's picture

for the "Little People":

There is unrest in the forest
There is trouble with the trees
For the Maples want more sunlight
And the Oaks ignore their pleas

The trouble with the maples
(And they're quite convinced they're right)
They say the oaks are just too lofty
And they grab up all the light
But the oaks can't help their feelings
If they like the way they're made
And they wonder why the maples
Can't be happy in their shade?

There is trouble in the forest
And the creatures all have fled
As the maples scream 'Oppression!'
And the oaks, just shake their heads

So the maples formed a union
And demanded equal rights
'The oaks are just too greedy
We will make them give us light'
Now there's no more oak oppression
For they passed a noble law
And the trees are all kept equal
By hatchet,
Axe,
And saw

"Trees", by Rush

 

Tue, 06/16/2015 - 11:33 | 6201890 JR
JR's picture

The tyrants, the oligarchs, are not oaks; they are umbrellas stopping the light from reaching the people.

Nature did not create tyranny. Nature made the oaks but the tyrants are manmade. It’s tyrants that are snuffing out the life of the people.

Tue, 06/16/2015 - 11:18 | 6201806 JR
JR's picture

It’s the rabbit warren way of life for us as housing permits plunge and multi-family dwelling numbers explode. I call it Roubini World.

Remember back in July 2008 when Nouriel Roubini gleefully outlined how austerity was going to level the American “way of life” in his column, “American Un-Beauty: The Crisis of the Suburbian (McMansions and Gas-Guzzling SUVs) Way of Life”?

Well, the results are in. Here is what our central bankers, supported by the U.S. Congress and Roubini, had in store all along for the American middle class as they dunned it for bail out of the billionaire plutocracy and fo benefits for corporate low-wage immigration labor..

As Roubini predicted back in 2008: the “suburbian American dream way of life is turning into an economic and financial nightmare…Let us count the ways of this nightmare…

“Easy money (Fed Funds rate too low for too long, down to 1% until 2004) and the most lax supervision and regulation of the financial system and of mortgages allowed Americans to “afford” bigger and bigger homes farther and farther away from cities and centers of work: first suburbia, then exurbia, then rural sprawl, then hedge cities… Now these McMansions and soccer-mom trucks and the broader sprawl of suburbian/exurban housing are now worth much less – in net present value terms – in many and different ways. First, you have the biggest housing bust since  the Great Depression…  Second, the market value of SUVs…. plummeting with gasoline pricesThird, the rise in heating and transportation costs further reducing the values of suburbian homes  “located in the far boonies of exurbia and edge cities…

It’s all our fault, you see.

Said Roubini: “[T]his bust of housing and this spike in oil and energy prices creates a severe economic and financial crisis that will radically change where and the way American live, work and play. On top of the ghost towns of the American West - the thousands of empty new homes in new suburbian and exurban developments in California, Nevada, Arizona, Florida and other states – you will have the decay of existing suburbian communities as millions of foreclosures will lead to the economic and social decay of existing towns: fiscal crises from the housing bust, municipalities defaulting, hundreds of empty and vandalized foreclosed homes in housing busted towns and communities, fall in public services, etc. The entire neighborhood goes when rows of foreclosed and vandalized homes reduce the value of remaining homes… crime; the entire social fabric…rotting to its core; Millions…lose homes and move to rented homes and apartments; leasing and rental will reduce the social benefits and community building associated with home ownership…

“Next, cities and metropolitan areas will rethink their policies towards urban sprawl: greater public transportation, greater housing development closer to city and business/industry centers… greater urban density and concentration… end of the explosion of traffic and road congestion, reduction in driving and in air pollution, more people moving to live in apartments and cities served by public transportation rather than suburban homes.

“Moreover…. much less discretionary spending: less dinners out of suburbian homes (more dining in rather than dining out), less movies and more TV watching, less socializing outside of the home (as parents put curfews on driving costs of teenage kids) and more socializing at home and over the internet (Facebook, MySpace, and even tax rebates spent on surging online porn traffic as cheap forms of home “entertainment”), less vacations in far flung location and more “staycations” (vacations staying at home).

“In the short run this changing pattern of consumption will make the recession more severe through… a real economic/financial depression” because of falling home prices, risk of foreclosures, losses of jobs or concerns about losses of jobs, rising oil, energy and food prices, flat incomes and wages and now falling real incomes, high costs of health care and education, falling stock market wealth, high debt ratios (mortgages, credit cards, auto loans, student loans), high and rising debt servicing ratios (given reset of mortgages and consumer credit interest rates), concerns about globalization and offshore outsourcing and a general middle class malaise that is now hitting both blue collar workers and white collar workers, working classes as well as middle classes. And now the American dream of a happy suburbian life with a McMansion, gas-guzzling SUVs and well-watered manicured lawn is threatened by collapsing home price, surging gasoline, heating and energy prices, and a shortage of cheap water given global warming and massive underpricing of water use.

“The Keynesian animal spirits will worsen in the short run the economic recession… with gasoline above $4 a barrel we have “staycations” rather than real vacation, less trips to the mall (unless you need to stuff yourself on cheap Chinese goods at Wal-Mart), Nintendo/Playstation and internet home entertainment. And now with the Wii you don’t even need to go to the golf course or to the gym to exercise; you can play virtual golf or any sport from the comfy seat of your potato couch. America: welcome to the brave new and cheap world of virtual reality, virtual vacations and virtual entertainment and leisure.

“So the biggest credit, housing, auto and asset boom and bubble in U.S. history is now cracking the suburbian “American Beauty” dream and turning it into an “American Ugly” nightmare. The economic, financial, social and political consequences of this earthquake will be radical and significantly change the American way of life for the long run.”

Ah, so. All this, while Roubini supports more and more billions (now trillions) of taxpayer money to prevent “meltdown” of the same “financials” who engineered the crisis   at the same time advocating more debt and austerity and a reduced standard of living for the people.  Thanks Ben, Alan, Jan, and Goldman and Merrill and Morgan and JP and Bof A and Lehman and Bear and AIG and Freddie and Fan.  And, most of all, thanks to Congress, who made it all possible.

http://www.lse.co.uk/financeglossary.asp?searchTerm=&iArticleID=2493&definition=animal_spirits

And Roubini is still pumping for the same “successful” alphabet soup – ZIRP, QE, CE, FG, NDR, and U-FX Int – of unconventional monetary policies. And calling anyone who disagrees “pseudo-economists and market hacks,” i.e., “’Austrian’ economists, radical monetarists, gold bugs, and Bitcoin fanatics…

Read more at http://www.project-syndicate.org/commentary/unconventional-monetary-policies-and-fiscal-stimulus-by-nouriel-roubini-2015-02#bqY24HmmZ4GEqU20.99

Tue, 06/16/2015 - 11:56 | 6202048 LostAtSea
LostAtSea's picture

JR: yep, I see this everywhere here in Texas. Downtown condos have exploded the Austin skyline. And up on the north side too, in the Simon Proerties of "The Domain", condos and apartments are being built non-stop. Even 100 miles north in the small town of Waco, there is an explosion of downtown condos and apartments.  It all looks very attractive: beautiful liviing spaces, tons of things to do, workout clubs, biking paths, chic restaurants.  But I can't help but wonder if these will quickly turn into slums when the money-spigot turns off.  And I wonder, how many of the (mostly young) people living in these areas actually have full-time careers?

Condos have replaced office buildings. That just doesn't seem sustainable.

 

Tue, 06/16/2015 - 12:43 | 6202260 JR
JR's picture

Disappointed to hear that, LostAtSea. The Roubini Dream of packed housing is happening everywhere; it's the same in the San Jose area where I live. The corridor from San Jose to UCDavis (Sacramento) where I went to university in the 90s has changed since from lots of open fields and nut and pistachio stands, to total urban sprawl with malls. As for urban sprawl in other areas, UrbDeZine Portland says:

“Metro Portland’s growth management policies are not working to create an urban environment on par with the beauty of the landscape. The region is increasingly characterized by sprawl-like blight: acres of ugly, mundane buildings squat where once were green fields; rural roads overflow with traffic avoiding congestion on the freeways; housing is packed together with no commensurate urban amenities.” ...

"Demographia.com ranks the Portland MSA 19th in density of the largest 25 MSA’s. Regions we deride as examples of sprawl such as San Jose, Fresno, Las Vegas, Phoenix, Denver, Salt Lake City and Sacramento, are denser.

"Portland, the city, it turns out, is not very dense either. Consider its ranking compared to other west coast cities according to CityData.com:

1)           San Francisco-17,935 persons per square mile

2)           Berkeley-11,164

3)           Los Angeles-8281

4)           Seattle-7779

5)           Oakland- 7247

6)           San Jose-5710

7)           Sacramento- 4937

8)           Portland-4537

9)           San Diego-4180

"But the most shocking statistic demonstrates that Portland and its suburban areas are out of balance. According to CityData.com, Portland is less dense than most of its suburbs.

1)           Aloha -6702 persons per square mile

2)           Cornelius- 6421

3)           Happy Valley- 6047

4)           Beaverton-5731

5)           Gresham -4938

6)           Tigard- 4644

7)           Sherwood- 4637

8)           Portland- 4537

9)           Hillsboro- 4514

Says the report:

“Sustainable metropolises concentrate their densest housing in compact mixed-use neighborhoods within their central city. The Metro Portland region has inverted this basic principle. Metro’s growth strategy aims to create high-density “Centers” and “Corridors” in the suburbs, while preserving low density zoning in over 70% of Portland’s inner and outer neighborhoods. As a result, it is common for the density of a new suburban housing development to exceed that of an older urban neighborhood by 3-5 times.” 

NOTES:

“An urban growth boundary, or UGB, is a regional boundary, set in an attempt to control urban sprawl by mandating that the area inside the boundary be used for higher density urban development and the area outside be used for lower density development.” Wikipedia – urban growth boundary.  Portland, OR is the most notable U.S. city to have adopted a UGB.”

http://portland.urbdezine.com/2015/05/21/the-commons-concept-a-strategy-to-restore-balance-to-the-portland-reg

Tue, 06/16/2015 - 10:53 | 6201674 TuPhat
TuPhat's picture

TrustbutV, there is almost no way to buy american for most products.  General Motors for example, Some cars made in korea and most parts are from China.  I like Milwaukee power tools but they were bought by a european company and are manufactured overseas.  Made in America means manufactured overseas and assembled in the US or packaged in the US.  I wish I could buy american.

Tue, 06/16/2015 - 12:26 | 6202179 TrustbutVerify
TrustbutVerify's picture

Its tough for sure.  But with some research and effort some money can be diverted away from foreign countries.  It sounds small potatoes but I found a place in Kentucky that makes men's underwear - briefs and undershorts.  So I buy them online from that company.  Other times I have simply avoided buying the foreign product because I didn't really need it.  

I paid just a little more to have Americans paint my house last time instead of paying illegal aliens.  

But I get your point.  In regard to your mention of automobiles, I think the Toyota Camry at one point had the most American made content.  And various car brand models are made here.  Some Mercedes and Hyundai in Alabama.  VW in Chattanooga, though, unfortunately, they may be going union.  (Buying 'Union" can be another dilema.) 

But moving, even slowly, in the right direction helps.  I'm reminded of the Kennedy quote in regard to going to the moon, "We choose to do this because it is hard."  

Tue, 06/16/2015 - 11:04 | 6201726 Obamamerica
Obamamerica's picture

True...even the Elites had to buy a President who wasn't made in America 

 

rim shot!

Tue, 06/16/2015 - 12:27 | 6201536 TrustbutVerify
TrustbutVerify's picture

There is broad pressure challenging the poor and middle class.  Some of it is in the form of government assistance.  Though required when there is real need, anything more buys off critical thinking and personal initiative, longer term destroying families, neighborhoods, cities....on up the ladder.  

Another form of pressure is in people's own buying habits.  One seemlingly small example: How much per month do people pay to have their "smart" phone and other 'connections?'  Multiply this by 12 (months) and then by the millions that pay out this money.  Some connection is necessary but this 'stay connected' social phenomenon is predominantly unproductive. Discussion of addicition factors to electronic products is common.  So, even in this one economic sector billions are wasted instead of being used to build savings.  

This type of unproductive, or ANTIPRODUCTIVE, spending can be extrapolated into many other areas of life.  

Another is the buying of foreign goods and the false sense of value that occurs.  Everyone - lower, middle, and upper class - that realizes the economic pressures should be buying Amercian goods - and making concious efforts to keep their money here.  Doing so increases pressure to hire.  

And lastly (for today), wasn't there, some years ago, a move to have a small portion of peoples Social Security available for investment into the broader market or, otherwise, into actual ownership of assets?  Actual owership, or forced savings as the case may be, promotes personal financial health, reducing the much touted 'wealth gap.' But the idea was shouted down as 'unsafe.' Astounding, in light of the Ponzi scheme that is everything being financed by the government, which includes Social Security and hundreds of other unsustainable programs.  

Tue, 06/16/2015 - 08:53 | 6201248 VW Nerd
VW Nerd's picture

In my opinion, this decay of the middle class, largely caused by Fed policy, is the biggest social issue facing American society today.  Yet, we hear nothing about it from our "elected representatives" (except Ron Paul).  Maybe it will take a Fergeson event to bring attention to this....

Tue, 06/16/2015 - 08:54 | 6201239 messymerry
messymerry's picture

Just because you can does not mean you should.  This past decade has proven definitively that man cannot rule himself.  The real problem we face is that strong AI is coming and the first thing the psychopaths in power will do is weaponize it.  That is our "existential threat".  The only thing that will save us now is an incorruptible police force a la Gort in the movie, "The Day the Earth Stood Still". 

Dog help us alll,

;-D

 

 

Tue, 06/16/2015 - 09:00 | 6201269 Duc888
Duc888's picture

 

 

 

messymerry: This past decade has proven definitively that man cannot rule himself.

 

1. Do YOU need to be ruled?  I don't.

2. If you do why don't you join some fifedom or something so you can be ruled.

 

We DO need to walk away from this corporate USA and it's bullshit statutes.  We ought to try common law, we could probably whittle it down to about a page or two worth of (common)laws.

 

Oh yea, selling lemonade on the side of the road would be legal again.

Tue, 06/16/2015 - 09:15 | 6201313 messymerry
messymerry's picture

Hey Duc,

If man could rule himself, we would have no need for rulers.  As history shows, they have been with us since the dawn of civilization.  There has never been a time in history that there have not been rulers.  Justice is flawed because the administrators of justice are flawed.  A strong AI holds the key to our salvation by applying the law equally to all persons regardless of station or influence. 

;-D

Tue, 06/16/2015 - 14:06 | 6202603 HughBriss
HughBriss's picture

What, Skynet?  If I recall correctly, that didn't end well for humans...

Tue, 06/16/2015 - 22:11 | 6204225 messymerry
messymerry's picture

Hey Hugh,

You're right.  It didn't end well in the movies and it probably won't end well in actuality.  When AI exceeds us, we will have little to offer to convince it to let us continue...sort of like the Greeks.  All Greeks a liars.  I am a Greek and what I say is true.

Since my above comments were apparently not well received (primarily because of a lack of understanding of what I said...) , I think I will just go back to lurking and watch with benign amusement...

;-D

Wed, 06/17/2015 - 16:00 | 6206737 HughBriss
HughBriss's picture

Lurking isn't something to be ashamed of.  I do it all the time!  :D :D :D

Wed, 06/17/2015 - 18:41 | 6207240 messymerry
messymerry's picture

Pearls before swine...Yup, I'm going to lurk for a while.

;-D

Tue, 06/16/2015 - 09:39 | 6201380 Duc888
Duc888's picture

 

 

Speaking strictly for myself I have no "need" to be ruled.  I just don't see a need in my personal life for a Jeb Bush or a Hillary Clinton.   Others apparently feel they must Lord over people and it would seem the majority of people on this planet abdicate their right of self rule and eat shit....and thus are "ruled" over.    We won't even get into the psychotic compulsion for a select few who feel they have the right to rule others. 

Tue, 06/16/2015 - 11:08 | 6201442 messymerry
messymerry's picture

It's not a question of whether you "need" to be ruled or whether you "want" to be ruled.  If you choose to live in civilized society, you "will" be ruled.  The only question left is will you be ruled by the likes of TPTB or some other ruler.  D..C. is one of the lowest dens of scum and villany on the planet. The State and local govts are just as bad if not worse.  Are these the rulers you would choose?  I suggest that Gort would be a more benevolent master.  Go and watch the 1950s version of, "The Day the Earth Stood Still", or better, read the original...

http://www.digital-eel.com/blog/library/Farewell_to_the_Master.pdf

;-D

Tue, 06/16/2015 - 07:59 | 6201121 overmedicatedun...
overmedicatedundersexed's picture

can't be helped, Jeff..the Fed had only the option to concentrate more wealth in fewer hands..to save us from lower living standards, oh well I mean if they did not do the money dump on the wealthy, it could have been much worse, much worse they tell themselves ...some here on ZH think that they were paid to not think anyother way. self serving sociopaths should be honest and just say fuck the public I got mine.

Tue, 06/16/2015 - 07:42 | 6201087 Not if_ But When
Not if_ But When's picture

-  I can't remember the last time I bought london broil or some type of meat which was not a reduced "manager's special".  I buy almost only generic brands unless there's a really, really good sale on name brands.  I buy all clothing used (Goodwill, yard sales) because after the first time anyone wears a new article of clothing it is not new.  And I don't have to bother showing up at the Academy Awards or an NBA game in brand new attire because I am never in attendance at these.  I don't think presidential aspirant Chris Christie ever thought of such concerns while in the second row in Cleveland for the NBA playoffs or eating like a pig at NFL games sponsored by NJ taxpayers. 

-  The Fed has already destroyed the economy.  The sole thing that has propped it up is the low cost of oil.  Nothing else.  If oil hadn't taken a dive we'd be in a financial situation indisputably showing that the Great Recession never ended.  Maybe that's why the Saudi's got off the hook for 9/11.  If not for OPEC's recent actions, our already-simmering population would be completely out of control.  Even the ADD/social media driven/celebrity obsessed crowd.  The 1% would be in hiding.

-  If there is one lesson to be learned from the Obama saga, it is that politicians - black or white, perceived as symbolizing hope or not - are nothing but campaign finance driven, special interest serving prostitutes with no chance of this ever changing and spurred to even greater (heights) due to Citizens United.

-  Whatever one thinks of Bernie Sanders, his record is true to his word.  And he is the only one.  The only one.  We will now watch his campaign be marginalized.  We will be told he has no chance, etc, etc, etc.  Brought home by the final perverted message to those who tend to vote Democrat.  The message that the Hitlery machine will spread throughout the bought and paid for mainstream media:  "A vote for Bernie Sanders is a vote for a Republican President.  And if one is (correctly) unwilling to vote for Hitlery under any circumstances - including not voting or "writing in" - that is a vote for a Republican president ".  (btw, that is the democratic voting group to which I belong).  AND I AM WILLING TO ACCEPT ANYTHING RATHER THAN A HITLERY PRESIDENT.

-  Finally, it is the Fed that governs our country anyway.  This political theater to which we will be subject is nothing other than the Roman Spectacles that took place at the Colosseum.  Something to distract the masses while the Fed and the TBTFs massacre the cheering population.  It would be amazing if the other civilization from ancient times - Greece - brought everything down.  Ancient Rome and ancient Greece.  We learned so much about them in school presented as ancient history.  Ancient history huh?  The Colosseum lives and Greece might the one that brings it all down financially.  "Return with us now to the thrilling days of yesteryear".   (Was that from the Lone Ranger or some other tv show from the 50s-60s?  Can't remember which one).

Tue, 06/16/2015 - 12:16 | 6202141 Obama LaForge
Obama LaForge's picture

The thing about the democrats is that they always talk about how the system is rigged, but they never explain how... No politician ever explained how, except Ron Paul.

To me, though, the Fed isn't the problem with the economy. The Fed is hiding the problem to which there is no solution. The problem is peak oil.

Tue, 06/16/2015 - 14:04 | 6202597 madcows
madcows's picture

the problem is corruption.

Tue, 06/16/2015 - 11:35 | 6201886 Elliott Eldrich
Elliott Eldrich's picture

"AND I AM WILLING TO ACCEPT ANYTHING RATHER THAN A HITLERY PRESIDENT."

I'm 100% with you on that one. There is no way in Hades that I'm ever going to vote for that NAFTA and GATT loving, worker crushing, Wal-Mart board member. I'd sooner vote for Donald Duck for president.

Tue, 06/16/2015 - 10:14 | 6201524 madcows
madcows's picture

I'd like to see the criminal bankers and politicians in the Colosseum with some hungry bears or tigers.

it might serve to dissuade future crooks at the FED.

Tue, 06/16/2015 - 11:28 | 6201858 KnuckleDragger-X
KnuckleDragger-X's picture

Won't work, they own the entertainment industry, but rope is cheap and trees are everywhere. If your handy with tools, you could also build a Robespierre haircut machine....

Tue, 06/16/2015 - 07:45 | 6201091 USisCorrupt
USisCorrupt's picture

Kudos, very nice post.

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