Showing posts with label ben bernanke. Show all posts
Showing posts with label ben bernanke. Show all posts

Monday, May 16, 2011

Debt ceiling expired today, but U.S. holds on?


The money weasel Tim Geithner informed Congress today that the United States has now reached the debt ceiling level, but rest assured, Geithner says the country can hold until August.

How strange when you consider that for many months now, Geithner has been jumping up and down about the necessity for Congress to raise the debt level; otherwise the United States would default on its financial obligations and face severe economic consequences.

So today that deadline expired, but Geithner says we can hold on until August because thanks to Geithner. he came up with an extra $200 billion just last week to meet the country’s obligations for a temporary period of time.

Where did this money come from Mr. Treasury Secretary? Some reserve fund that you and Ben Bernanke totally forgot about? A generous donation by George Soros?

According to Geithner, the debt is now at $14.3 trillion which is the legal limit as to how much the United States can borrow. However the debt is likely to increase to $15 trillion by September.

For the interim, the Obama Administration is stopping payments to retirement plans and pension funds to federal workers. Will we see protests from union thugs like we did in Wisconsin when Governor Scott Walker decided to cut state worker funds to balance his state budget? Probably not. Because the Obama Administration, as well all know by now, is untouchable. Even though they are now theoretically doing the same thing that Governor Walker did in Wisconsin. But I digress.

But the bickering under the circus tent on Capitol Hill continues. Republicans and even some Democrats are refusing to raise the debt ceiling limit any further because it is recklessly and fiscally irresponsible and Democrats continue to demand only a status quo for supporting the same federal programs that have contributed to the downfall of the United States. They’ll only raise the debt ceiling limit if there is a compromise on reducing spending drastically since Congressman Paul Ryan’s budget plan was not exactly favorable. The reality is that taxpayers simply cannot continue to subsidize these programs any longer and the country continues to spend more than it takes in.

But the real reality is the United States is owned by global investors, not the tax payers. This in itself is a rather scary scenario. As every man and woman in America continues to struggle to put food on the table, pay a bill, look for work in an economy that will most likely never recover, or their children having to grow up in a “new America”, there is a very wealthy internationalist in China that wants either your welfare or social security check.

Friday, April 29, 2011

Fed insists more time is needed for economic improvement

While the attention of most Americans had been diverted this week either because of Donald Trump taking credit for “discovering” President Obama’s birth certificate, or Prince William and Kate’s Royal Wedding in Britain, we have an incompetent Federal Reserve that is completely out of control.

The International Monetary Fund stated on Monday that China will be the world’s largest economy by 2013, surpassing the United States because of the Fed’s reckless monetary and fiscal policies.

So I guess this information prompted Federal Reserve Chairman Ben Bernanke to do something for the first time in the Fed's entire history: Hold a press conference to address our nation’s economy, inflation and how we seemingly print money out of thin air.

Of course I’m joking. Do you really think Fed Chairman Ben Bernanke would spend his time vigorously addressing any of those issues?

At least on more than one occasion this year, the Obama Administration insisted major growth of our economy. Not true. According to Ben Bernanke, anyway.

Bernanke did say that the United States economy grew by a mere 1.8% in the first three months, but has not recovered from the deep recession stemming from 2008. Additionally, the nation’s unemployment is now 8.8% from 10% it was over a year ago. However, this has been employment growth has been in the public sector, not the private sector, as the government would want you to believe.

Bernanke also indicated that housing markets are still in decline and families continue to face foreclosures nationwide.

Despite the fact that he is slightly coming clean about our continued depressed state of affairs and that our $1 trillion deficit and $14 trillion national debt is unsustainable, Bernanke still wants Americans to buy into his philosophy that everything will be fine and dandy. If anyone actually does buy into Chairman Bernanke’s thoughts on our nation’s economy, maybe they need to be drug tested. This is the same Ben Bernanke, who in 2005, mentioned that housing prices would not drop substantially, and the same Ben Bernanke, who during the sub-prime mortgage crisis, said that those housing issues would not spread into larger mortgage markets, which were believed to have been much healthier.

The man’s track record and countless lies are simply incredible. How much time does Bernanke need to improve the U.S. economy? He says there is little control over gasoline prices, but the Fed continues quantitative easing and yet the dollar continues in rapid decline.  Does any of this make sense? Has he taken economics 101?

Despite the current problems with inflation and devaluing of the dollar, the Fed had absolutely no problem on transferring more than $550 billion to central banks overseas that Americans have never even heard of.

I hope Congressman Ron Paul is able to gather enough co-sponsors so that legislation will be introduced to look into the Fed’s policies and an internal audit conducted to see what the hell has been going in this counterfeit operation. Many Americans, I'm sure will be furious. 








Friday, December 10, 2010

Ron Paul to Chair Monetary Policy Subcommittee

Republican/Libertarian Texas Congressman and former Presidential Candidate Ron Paul, one of very (and I mean VERY) few people in our Federal Government that actually supports the Constitution and individual freedom, will become Chairman of the Subcommittee on Domestic Monetary Policy when the new Congress takes control in January.

This means that he will have more power to issue subpoenas on the Federal Reserve, including an audit of the entire organization, which by the way is something that has never been done since it was established in 1913, nearly 100 years ago.

While the new Chairman Paul will need formal approval of both the Chairman of the Financial Services Committee and the newly elected Speaker of the House John Boehner to issue such subpoenas, once they are approved, the American people will finally know the truth as to what the hell has been going in the Federal Reserve System, their monetary and fiscal policies domestically and its relationships with central banks and bailouts to Wall Street firms.

Congressman Paul has been getting support on introducing the audit from even Democrats in the House, including Congressman Allan Greyson of Florida and Congressman Dennis Kucinich of Ohio.

Now Federal Reserve Chairman Ben Bernanke and the Weasel Secretary of the Treasury Tim Geithner say any audit of the Fed would be a bad idea, yet they both have not offered any formal explanation as to why it would be a bad idea.

Are they protecting the globalists? Probably.

Do they not want the American people to know how our monetary and fiscal policies have been handled? Definitely.

Earlier this month, the Federal Reserve was forced to finally release documents involving the bailouts of some of the financial institutions, something that Congressman Paul has been pushing for quite some time. The information is breathtaking. Goldman Sachs took out $18 billion in credit from the Federal Reserve over the course of 84 times, Deutsche Bank of Germany sold the Fed over $290 billion in mortgage securities, while Credit Suisse of Switzerland sold $280 billion, and also provided assistance to firms including Bear Stearns and American International Group.

That is just the tip of the iceberg.

I'd suspect that if the subpoenas are approved, and I hope and pray that they are, and an investigation is completed into the Federal Reserve's operations, there will be more of an uprising of many angry Americans.

Tuesday, November 9, 2010

Obama supports China's criticism of the United States' monetary policies

President Obama today stopped over in Jakarta, Indonesia, as part of his hopping all over South East Asia this week, to discuss monetary policy and growth at a summit for the G20 Finance Ministers, in which Indonesia is a member of.

What a surprise, since G20 has close relations with the European Union, and endorsing a world currency, which Obama endorses. According to Reuters, the President said at this summit with Indonesian President Susilo Yudhoyono:

"We have a lot of work  to do and one of the key steps is putting in place additional tools to encourage balanced and sustainable growth".

What exactly are these additional tools to encourage balanced and sustainable growth? Why in the hell is the President encourages the G20 System, when he cannot even get the Federal Reserve to control its own fiscal and monetary policies regarding taxation, monetary supply and interest rates, since he was elected into office?

In relation to that, China actually criticized the United States exactly for the things I just mentioned above, as they fear the more ignorant the United States is with relation to our monetary and fiscal policies, it would be more instrumental in becoming destructive to the global economy and leading to further inflation.

You would think that the President would take note of some of the advanced warnings laid out by China, and that the President would find a new ass to kick, maybe Federal Reserve Chairman Ben Bernanke or that sycophantic little yes weasel Tim Geithner. But instead, President Obama chooses to find an ass to kiss. He decides to support China's criticism of the United States.

"We want China to succeed and prosper, its good for the United States if China continues on that path of development that it is on"

Seriously, does President Obama realize that the $14 trillion national debt, which continues to grow at an accelerated basis, is mainly owned by China? Does the President also realize that my generation and all future generations are liable for this debt created by both he and former President Bush? Did President Obama ever take into consideration at the height of the financial meltdown in 2008 that it was wrong to endorse government intervention into the financial sector? Did the President think that adding trillions more in debt was the logical way to solve the problem of our already growing national debt crisis?

To sit over there in Jakarta, Indonesia and say he wants China to prosper is pretty disturbing. With no disrespect to China, this President has to be somewhat informative that China's commodities are greater than the United States, they've basically defeated us in every single regard, the major manufacturing and industrial factories have all been based out of China primarily because they have forced labor there and they have a grasp control of their own financial system. If you look at comparison with relation to jobs, competition in the business sector, educational system and our own government's financial stability, we're far below with relation to where China stands.

What really frustrated me recently in California involved this notion of 'creating green jobs' in California, which President Obama endorses. Here, the solar power manufacturing company Solyndra, recently closed one of its factories in an effort to save $60 million in annual expenses, laid off 40 full time employees and terminated contracts to 100 temporary workers. It should be noted that Solyndra received more than $530 million as part of a federal loan guarantee program and more than $1 billion in equity.

You may ask why Solyndra for example, is cutting back its operations and laying off its workers? It is because Solyndra and California, along with the rest of the United States, cannot keep up with the competition of manufacturing firms in China, who can do the same amount of work and defeat the cost of doing it in the United States.

While the President just looks at the positive of China's criticism of our monetary policies, maybe he should start getting serious for once in his tenure to do something to focus on creating real jobs within the United States, and working on a solution to control how the Federal Reserve is handling our monetary supply and how it effects the economy, both within the United States and globally.

I'm sure China has to be especially interested in the United States' future in the creation of jobs and our monetary and fiscal policies... because they expect to be repaid for bailing us out.

Monday, November 8, 2010

Obama forging ahead with New World Order?

Earlier this week, I watched a science fiction film favorite of mine that nobody has probably ever seen, Dead End Drive-In, a B-Movie from 1986 and was based in Australia. The film opens with the fact that the world’s economy has collapsed, and a series of events spread including nuclear explosions, rioting, inflation, unemployment and crime, and as a result, a newly formed world Government evokes the powers to try and control everyone. From there, the film centers on the protagonist named Crabs, who is an unemployed trouble maker, obviously ignorant to everything that has happened, and one night he and his girlfriend decide to go out into one of the old Drive-In movie theaters. It turns out that the Drive-Ins have been converted into a Government sponsored concentration camp, where they decide to hold all of the social rejects who are feed junk food and keep them there until they basically die.

Something like what was shown in this movie may sound too far fetched to ever happen in our life time, but the truth of the matter is what we are experiencing in this country specifically is the Government wanting absolute control and cooperation of the people.

We’ve heard this notion of creating a New World Order for nearly 40 years. Russian President Gorbachev, and former U.S. Presidents George H. Bush, Bill Clinton and George W. Bush and British Prime Minister Gordon Brown, among many others, say over the years that there is the great need and opportunity for the United States to work with other nations on developing this New World Order, in an effort to control all nations and the economies. The United Nations was created specifically for this reason, which one day, there would be a one world government, with complete world peace and prosperity. Isn’t it interesting that the charter of the UN was established in 1945, right after the Great Depression and World War II?

Today, we are basically in the same situation. We’ve already experienced similarities from the 9/11 terrorist attacks, a War in Iraq, and a financial economic collapse. President Obama said both during his candidacy and after he was elected, he wanted to work with nations across the world to establish a New World Order to ensure the unification of the world’s powers to promote peace and global security.

Right now, the entire puzzle is already solved, but it is breaking it apart and separating all of the pieces that are the key to fully comprehending the complexity of it. It all can be seen right in plain sight.

While I personally believe President Obama is a radical, the United States is threatened by much more than typical self-described Socialists and Communists; we’re threatened by intelligence from within, which globalists are attempting to brainwash the United States with their agenda. That is just the case, the New World order is not a conspiracy theory, but rather an agenda.

The influence from within include United Nations, the Council of Foreign Relations and a secretive group known as The Bilderbergs. The agenda of these organizations is to propose the New World Order, in addition to forming a more ‘perfect union’, in this case, establishing the same form of union seen in Europe or in Africa, as they feel the U.S. Constitution has become obsolete.

This is not the first time either that there has been discussion centering on what is known as the North American Union, a so called free-trade agreement between the United States, Canada and Mexico. Perhaps this is one of the reasons why President Obama wants to keep the borders wide open? To hopefully one day establish the NAU, which is what these organizations have continuously promoted, and formed in other parts of the world. As a result, this has and continues to be a very serious threat to our country’s national security, and if the United States is sincere on forging ahead with creating a union in North America, similar to the European Union, it will be the first major step in creating a new world order, and doing so without the approval of the American people and the U.S. Congress. Our country is being sold out by global profits.

It is also no secret that Federal Reserve Chairman Ben Bernanke has attended the Bilderberg conferences, most likely to discuss financial stability throughout the world. I’d like to know how in the world this man sleeps at night, when all he is doing is simply printing paper with no value, and providing absolutely no stable fiscal and monetary environment. Anyone with any sense of basic economics should know that unstable economies, like the United States is in right now, are typically characterized by two issues: high inflation and unemployment. As long as those two issues continue to be a problem, its brings considerable concern as to whether the United States can continue to even function in a position to do business. Insofar, the Government has failed to control inflation through taxation and how government spends this money, and has failed in setting monetary policies, because they cannot get full control on our monetary supply and interest rates.

Our country’s economic stability is on the verge of failure, and the rest of the global economy continues to falter, as it continues to decline, so does the value of the American dollar. We continue to sell our debt to China, use my generation as collateral for the debt, just so they can carry out this agenda to create what has to be a one world economy. Everyone knows that the hundreds of trillions of dollars that the United States has accumulated over the course of the last ten years will most likely never be paid back. As a result, their only solution is to get the unification of all nations to have this one globalized economy, a one world government, manipulate and convince the American people that they should abandon their freedoms, and favor bigger government.

Our government was initially created to secure and protect our nation; now what the government has done is choose to serve the demands of the people. As the country’s problems continue to escalate, the government seems as though it has to grow to solve and control those problems. Liberal Democrats have typically favored big government because they believe we need government sponsored programs and a proper slate of taxes to meet the demands of the crumbling social infrastructure. Just like in the movie,
Dead End Drive
In.

Are we really going to come to the point one day were the Government becomes so far into the realm of Socialism, then Communism and ultimately into a one world Dictatorship where they can exterminate a certain portion of the world’s population, and establish concentration camps because society continues to crumble? There is hope, if society can rise out of its current state of dormancy and see the kind of manipulation and corruption going on, and simply say the same thing that Peter Finch's character Howard Beale said in the movie, Network. You really are mad as hell, and you're not going to take it anymore.

That is all this Government is focused on doing is controlling the people, whether it’s telling you what foods you should eat, or increasing taxes and spending levels, when actually, if you break this apart, one can see that people’s liberty is being threatened. This is one of the first steps in carrying out their agenda.

Our elected representatives have no real purpose at all, they have no morals or ethics, they are bought by the corporations, unions and special interest groups, most of them cannot figure out the difference between right and wrong, and I personally think that many of the members of Congress, have no conscious.  It does not matter if they are a Republican or Democrat, they are completely sold out. There are a few that do understand what is happening, however: A Republican Congressman like Ron Paul, or a Democratic Congressman like Dennis Kucinich, which by the way, I don’t always agree with everything they favor in terms of their political stance, but they believe in at least honest representation, and they are two of very few elected representatives that are not influenced by, again, organizations like the Council of Foreign Relations. The majority of our elected Representatives, are bought, and choose to instead, brainwash everyone in propaganda.

We certainly saw how just about every other American was brainwashed into believing then candidate Barack Obama’s promise of “Hope and Change”, when really all the Change was is to carry out a radical agenda to adopted into the United States, expand greater government and incorporate ourselves into the proposed New World Order.
One will wonder, if this is really going on right now within our country which is a threat to our nation’s security and a violation of what our founders laid out in the Constitution, why is not being discussed in newspapers or mainstream news media.

It is because the people that control this agenda are the ones that successfully put Obama into office, and they also control the news media and our elected officials.