If you want a clear picture of how the US works today, all you need to do is look at the latest budget “showdown.”
We have 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.
Let’s think 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.
It’s 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/ Banks.
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 rates low?
The economy is recovering?
At this 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.
Fed 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.
In this 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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