All of the economic indicators are not good and every piece of news that comes out continues the trend. We are headed for at the very least a serious recession and at the very worst a dollar meltdown on par with 1929. The fact the Feds stopped publishing the money supply statistics in 2006, the trade deficit, the war spending, the price of oil, federal deficit spending, non-farm payroll worsening and many other factors points to a serious economic crisis. The only person that has it right on the political landscape, Ron Paul, is ignored by the main stream media and doesn't yet have the votes to take the lead. His interrogation of the Federal Reserve Chairman during a recent congressional hearing showed the Chairman admitting that the current course isn't good and that the course needs to totally change. Ron Paul very nicely shredded Berneke (sp?). Then, the bail out, which is nothing more than turning on a computer, and typing in a bunch of zeros that have no value, so, all of our money is being devalued, lower spending power, etc....The Fed, The Treasury, The Executive Branch and The Legislative Branch have all lost their way and we're headed into bad economic times.
I have to say Bernanke is not the real culprit here. He happened to take over the helm when the stage had already been set for all this. The real culprit is Greenspan who presided over an era that will live in the economic history books as probably the most grossly mismanaged monetary policy of any central bank. It is so bad that I have serious suspicion that it was intentionally engineered as was the great depression of 29. These things are just a means of the ones in control to covertly transfer wealth.
In essence the Fed cannot do much at this point but try to save themselves by at least providing some additional liquidity in the hope that the collapse will not be sudden. This is what we see in the media Behind the scenes the bottom line is the government cannot afford to pay social security and is bankrupt for all intents and purposes. The only way out is a devaluation of the dollar. That means the middle class will be destroyed. Pensioners will end up having to get back to work...
The increase in liquidity masks the problem and does not solve it as the current problem is a problem in confidence, lack of transparency and lax regulations. However it serves their purposes.
I, as anybody in their right mind with a basic grasp of economics, do disagree with their course, however Bernanke is a slave to wall street. Effectively, he does not answer to Congress (the few Congressional hearings have shown Congress is not even capable of understanding him let alone lead a discourse of any value) as we are not the ones who elect him. So how can you expect him to protect the value of your dollar? He would be better off helping out his buddies on wallstreet who are losing their fat paychecks. Bear in mind the Fed is owned privately. It is a boy's club...
I for one have given up on changing the system. Save yourself as the government will not save you. If you can't beat them join them.
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