(Prologue) The Federal Reserve's Definition of Normal does not include the Middle Class. As a matter of fact, the policies of the Fed are having an effect of destroying the Middle Class by debasing the dollar and rack and ruin for those on fixed incomes. I have links to previous articles below that show that we are in a Hyper-inflationary, Hockey Stick Growth Curve period when it comes to many staple commodities. Only the Presstitutes, as Gerald Celente defines them, in the main stream media are buying and selling the propaganda of The Fed and their cronies in the Federal Government.
A subscriber to the Blog "Seeking Alpha" addresses the issue of Ben Bernanke and the Federal Reserve's Economic Strategy, which mirrors much of what I have been stressing over the last 2+ years.
...Banana Ben would not want to be recorded in history as the single person most responsible for the demise of the US via currency debasement. History confirms that is one of the surest ways to undermine a country. I therefore concluded (wrongly) that he would not engage in reckless monetization.
We can see how that worked out. So I continued reading trying to find the motivation behind why the Fed does what they do, because it is abundantly clear that what they say has no bearing on reality.
My revised outlook on The Bernank and the Fed in general (excluding Paul Volcker is as follows):
• The Fed works for the international financiers, not the people.
• The Fed will always chose what’s best for the banks over what’s best for the people.
• The financiers maximize debt to maximize profits, be it personal, business or govt.
• The financiers want concentration of power among the megabanks.
• The financiers want control over the political process (They finance elections.)
• The financiers want control over the legislative process. (Done by planted alumni and bought politicians with threat of campaign contributions hanging over them. )
• The financiers control corporations by rewarding short term gain (beat the number = bonuses), but not long term prosperity. Result is outsourcing which weakens the people.
• The financiers pacify the people by “creative financial products” which allow consumers to borrow (enriching the bankers) in order to create the illusion of prosperity.
• The financiers control the population through media propagandists who dumb down the population by deception. Otherwise, it would overthrow the politicians.
• The financiers have no country allegiance. If they destroy the US, they just go somewhere else.
• The Criminal Reserve is just a tool in the hands of international financiers. Currency debasement is their weapon of choice.
The question is, how far will the people let politicians and the media deceive them while the Criminal Reserve destroys the currency? My hope is that something wakes them up before the destruction becomes irreversible.
The only book I have read that provides an explanation of the motivation behind the Criminal Reserve is by G Edward Griffin entitled “The Creature from Jekyll Island”. He maintains the Fed is corrupt by design and the only solution is abolishment.
Links to Hickory Hound Articles that show what is really going on:
The Impending Collapse of JP Morgan
Who's in Charge around here?
An Economy Out of Control
The Food Crisis -- February 19, 2011
Melding the Corporatocracy with a Kleptocracy
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Sunday, March 6, 2011
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2 comments:
I can't attest to the relevance of the following to this post, except to say that I think there is more at work behind the scenes than we realize. Is there a grand conspiracy at work that's of global proportions? I don't know if it's that complex or quite simply, greed and vanity. At any rate, submitted for your perusal...
Rothschild Bankers Looting Nations Through World Bank/IMF
By Raymond L’Heureux and Richard Salbat - Sovereign Independent
"The World Bank/IMF is owned and controlled by NM Rothschild & Sons plus 30 to 40 of the wealthiest people in the world. For over 150 years they have planned to take over the planet through money. The former chief economist of the World Bank, Joe Stiglitz, was fired in 2000. He pointed out to top executives that every country the IMF/World Bank forced their way into ended up with a crashed economy, a destroyed government, and some even broke out in riots. Former President of the World Bank/IMF Sir James Wolfensohn, would not comment on his dismissal.
Before Joe Stiglitz was fired he took a large stack of secret documents out of the World Bank.
These secret documents from the World Bank and the International Monetary Fund reveal that the IMF required nations:
1. To sign secret agreements containing 111 destructive items. (I’d love to get a hold of that list)
2. To agree to sell off their key assets – water, electric, gas, etc.
3. To agree to take economic steps which are devastating to the nations involved.
If they do not agree to these steps they are cut-off from all international Import/Export. If you can’t borrow money in the international marketplace, no one can survive, whether you are people, corporations or countries. If that doesn’t work they overthrow the government and rewrite history.
The Argentina Plan
Inside documents from Argentina show the top-secret Argentine plan. This was signed by Sir James Wolfensohn, the former president of the World Bank. Argentina has had six presidents in five weeks because their economy is completely destroyed. This happened because they started out in the end of the 1980s with orders from the IMF and World Bank to sell-off all their assets, public assets, like their water system. Then they taxed the people. They created big government and big government handed it off to the private IMF/World Bank. They pay off the politicians billions in Swiss bank accounts.
Cronies like Citibank grabbed half the Argentine banks. British Petroleum grabbed pipelines in Ecuador. Enron grabbed water systems all over the place. The problem is that they are destroying these systems as well. You can’t even get drinking water in Buenos Aires. It is not just a question of theft. It is more than someone getting rich at the public expense. And the IMF just got handed the Great Lakes. They have the sole control over the water supply now. The IMF and the World Bank is 51% owned by the United States Treasury.
Part II of the above:
"Remember What We Learned From Enron
The water system of Buenos Aires was sold off for a song to Enron. A pipeline was sold off, that runs between Argentina and Chile. The globalists then blew out Enron after transferring the assets to another dummy corporation. .
They come in, pay off politicians to transfer the water systems, the railways, the telephone companies, the nationalized oil companies, and gas stations, ect, ect… – The appointed or selected politicians then hand over raped assets to the IMF for nothing. The Globalists pay them off individually, billions a piece in Swiss bank accounts. Their plan is total slavery for the entire population.
IMF Planned Riots
The IMF/World Bank have been systematically tearing nations apart, whether it’s Ecuador or Argentina or America and Israel. Privatization equals Pillaging and Rape. Steal from the people and hand over everything to the IMF/World Bank.
The world is in flames.
They know that when they squeeze a country and destroy its economy, you’ll get riots in the streets. And they admit that because you have riot, all the capital runs away from whatever country and that presents the opportunity for the IMF to move in for the serious takeover.
It really is an imperial economy war meant to implode countries and now they have started in America. They are damn greedy. Chief investigators of the State of California said that that it’s not just the stockholders that get ripped off. They suck millions, billions even trillions of dollars out of the public pockets. Where are the assets? See, everybody says there are no assets left. They transfer all assets to other corporations and banks.
Rothschild – The Plague Of The Red Shield
Burrow into NM Rothschild & Sons, you’ll find it all there. The IMF/World Bank implosion, four points, how they bring down a country and destroy the resources of the people. First you open up the capital markets. That is, you sell off your local banks gold to foreign buyers. Then you go to what’s called market-based pricing or even silver. That’s the stuff like in California where everything is free market and you end up with water bills no one can pay. Then open up your borders to trade. It’s like the opium wars. This isn’t free trade; this is coercion trade. This is war. They are taking apart economies through this system. China has a 50% to 60% tariff on the U.S. but the U.S. has a 2% on them. That’s not free and fair trade. It’s to force all industry into a state of one world order that the globalists control 100%."
“Beware of calls to return to a gold standard. Why? Simple. Because never before has so much gold been so concentrated outside of American hands. And never before has so much gold been in the hands of international governmental bodies such as the World Bank and International Monetary Fund. In fact, the IMF now holds more gold then any central bank.” ~ Bill Still
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