Fed dictator Bernanke needs to be toppled - 
Paul B. Farrell - Feb. 15, 2011, 12:01 a.m. EST - 
Fed boss Ben Bernanke is the most dangerous human on earth, far more dangerous than Hosni Mubarak, Egypt’s 30-year dictator, ever was. Bernanke rules a monetary dictatorship that will trigger the coming third meltdown of the 21st century.
Ben Bernanke: The U.S. Leninist? -  
Paul Amery - Seeking Alpha - February 22, 2011 - 
Should Ben Bernanke dust down a copy of the collective works of Lenin?  According  to the instigator of Russia’s 1917 October revolution, “the surest way  to destroy a nation is to debauch its currency”.
 (In fact, this  widely-cited quote was a 1930s paraphrase by Keynes – Lenin’s actual  words, in an interview from 1919, were: “the simplest way to exterminate  the very spirit of capitalism is … to flood the country with notes of a  high face-value without financial guarantees of any sort”)
 The  astonishing leap in commodities prices that started in September last  year coincided with the announcement of a second quantitative easing  programme by the US Federal Reserve.
 A chart of cotton futures shows that the price of the raw material began to take off almost to the day  that the Fed’s chairman stated in Jackson Hole that his institution was  ready to take “unconventional measures” to stimulate the economy.
Hidden Inflation In Supermarket Prices - 
Mark Ames - Higher Price, Less Product
18 Sobering Facts Which Prove That The Middle Class Is Not Being Included In This “Economic Recovery” - 
The Economic Collapse Blog - February 21, 2011
Have you heard the news?  The stock market is absolutely soaring and  according to the U.S. government and the Federal Reserve we are in the  beginning stages of a robust economic recovery.  Yippee!  The S&P  500 is up 
6.8 percent so  far in 2011, and the stock market recently hit a two and a half year  high.  So shouldn't we all be celebrating?  Well, if stock market  performance was an accurate measure of economic health, then Zimbabwe  would have had one of the healthiest economies on the entire globe  during the last decade.  But just like Zimbabwe's stock market was  artificially pumped up with "funny money" that was rapidly being  devalued, so is ours.  All of the "quantitative easing" that the Federal  Reserve has been doing is pumping plenty of money into the financial  markets and is helping to inflate a false stock market bubble, but it is  doing very little to alleviate the suffering of the U.S. middle class.   In fact, when you take a closer look at the numbers you quickly find  out that the suffering of the middle class is getting even worse. 
According to Gallup,  the unemployment rate is now over 10%.  The number of Americans that  have given up looking for work recently set a new all-time record.  The  number of mortgages in foreclosure tied a record high during the fourth  quarter of 2010.  Gas and food prices are rising rapidly.  The number of  Americans on food stamps continues to increase every single month.
 Yes, right now the economic situation is not in free fall like it was  a couple years ago.  We should be thankful for that.  Periods of  relative stability such as we are enjoying now will be few and far  between in the years ahead.  This "bubble" of economic calm is a great  opportunity that we should all be taking advantage of.
 However, those that are hoping that this is an economic "turning  point" and that things will soon be back to "normal" are going to be  greatly disappointed.  This is about as "normal" as things are going to  be ever again.
 Even during this time of relative economic stability, the U.S. middle  class is still being ripped to shreds.  If there are those among your  family and friends that are somehow convinced that the U.S. economy is  recovering nicely, you might want want to show them the following 18  very sobering facts....
 #1 According to Gallup, the U.S. unemployment rate is currently 10.3 percent.  When you add in part-time American workers that want full-time employment, that number rises to 20.2 percent.
 #2 According to the U.S. Bureau of Labor Statistics, the number of job openings in the United States declined for a second straight month during December.
 #3 There are currently more than 4 million Americans that have been unemployed for more than a year.
 #4 The number of Americans that have become so discouraged that they have given up  searching for work completely now stands at an all-time high.
 #5 Gasoline prices in the United States recently hit a 28-month high.
 #6 During the 4th quarter of 2010, 4.63 percent  of all U.S. home loans were in foreclosure.  That matched the all-time   high, and it was up significantly from 4.39 percent in the 3rd quarter.
 #7 It is estimated that there are about 5 million homeowners in the United States that are at least two months behind  on their mortgages, and it is being projected that over a million     American families will be booted out of their homes this year alone.
 #8 Almost 14 percent of all credit card accounts in the United States are currently 90 days or more delinquent.
 #9 The average credit card rate in the United States had increased to a whopping 13.44 percent at the end of 2010.
 #10 Americans now owe more than $890 billion on student loans, which is even more than they owe on credit cards.
 #11 Average household debt in the United States has now reached a level of 136% of average household income.  In China, average household debt is only 17% of average household income.
 #12 U.S. life expectancy at birth is now three years less than Canada and four years less than Japan.
 #13 New home sales in the state of California were at the lowest level ever recorded in the month of January.
 #14 43 percent of all mortgages in south Florida are currently underwater.
 #15 Prior to the most recent economic downturn, there were usually somewhere around four to five million job openings in America.  Today there are about 3 million.
 #16 When you adjust wages for inflation, middle class workers in the United States make less money today than they did back in 1971.
 #17 One out of every seven Americans is now on food stamps.
 #18  One out of every six elderly Americans now lives below the federal poverty line.
 You know things are bad when articles start popping up in the  mainstream news instructing us how to interact socially with the hordes  of unemployed Americans that are out there today.  A recent USA Today  article entitled "What not to say to someone who is unemployed"  listed some of the things that you should not say to someone that does  not have a job.  The following are some of their suggestions on what NOT to say....
 "Hey, have you found anything yet?"
 "How's the search going?"
 "You just have to pound the pavement."
 "Something will turn up."
 "It's tough out there."
 "Other people are going through the same thing."
 "Maybe you're asking for too much money."
 "Maybe you should go back to school."
 "There are plenty of jobs out there."
 I am sure most of us have heard things like this at one time or  another.  It can be a soul-crushing thing to have others like at you in  pity because you don't have a job and you can't pay the mortgage and  feed your family.
 Most unemployed Americans are not lazy.  The vast majority of them  desperately want jobs.  But the U.S. economy is not producing nearly  enough jobs today.  As noted above, the U.S. economy currently has about  3 million job openings, but approximately 20 percent of the workforce  wants to find a full-time job.  The demand for jobs is far, far, far  greater than the supply.
 Unfortunately, this is the legacy of decades of bad economic  decision-making.  The U.S. economy should be able to provide work for  every single person that wants it, but because of the choices that have  been made that will never be the case again.
 The middle class in America is being ripped to shreds right in front  of our eyes and very little is being done to stop it.  Desperation is  rising across the nation.  More Americans slip into poverty every single  day.  It is almost as if a cloud of gloom and despair has descended  upon the U.S. economy and every single month the situation only seems to  get darker.