(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
