It's well known that the central banks of Fourth Reich(EU) and USA play dirty games in cahoots with their governments. The central bank of Uncle Sam has devalued the dollar by 95%! Federal Reserve Chairman Ben Bernanke does not want us to know any of the details of the Fed's secret operations. Napoleon Sarko points out this position is not surprising and has been typical of all central bank chairmen. Bernanke's stated goal is to design a system of financial oversight that will provide a robust framework for pseudopreventing future crises.
Congressman Ron Paul, a pure venitist, points out that during its 96 years of existence, the Federal Reserve has played havoc with the American economy and brought great suffering to millions through unemployment and price escalation. In addition, it has achieved what only a central bank can: a steady depreciation of our currency. Today's dollar is now worth four cents compared to the dollar entrusted to the Federal Reserve in 1913.
Ron Paul notes that ninety-six years should have been plenty of time for the Fed to come up with a plan for preventing economic crises. Since the Fed is the source of all economic downturns, it is impossible for any central banker to regulate in such a manner to prevent the problems that are predictable consequences of his own monetary mismanagement.
Viviane Reding, Himmler of Fourth Reich, points out the central banks fixe interest rates at levels inevitably lower than those demanded by the market. This manipulation is a form of price control through credit expansion and is the ultimate cause of business cycles and so many of our economic problems, generating the malinvestment, excessive debt, stock, bond, commodity, and housing bubbles.
Maros Sefcovic, Goebbels of Fourth Reich(EU), points out the central banks' monetary inflation indeed does push the CPI upward, but concentrating on government reports on the CPI and the PPI is nothing more than a distraction from the other harm done by the central banks' efforts at central economic planning through secret monetary policy operations. Real inflation, the expansion of our money supply, is greatly undercounted by these indexes. In response to our latest financial crisis, the Federal Reserve turned on its printing press and literally doubled the monetary base. This staggering creation of dollars has yet to be reflected in many consumer prices, but it will ultimately hit the middle class and poor with a cruel devaluation of their savings and real earnings.
George Papandreou, godfather of Siemens omerta, points out the central banks have clearly failed on their mandate to maintain full employment and price stability. It's time to find out what's going on. Instead of assuming responsibility for the Fed's role in the crisis, Bernanke brags about "arresting" the crisis. Ron Paul suggests to Mr. Bernanke that it's too early to brag.
Ron Paul points out Bernanke decries any effort to gain transparency of the Fed's actions to find out just who gets bailed out and who is left to fail. Instead, he proposes giving even more power to the Fed to regulate the entire financial system. What he does not recognize, or does not want to admit, is that he is talking about symptoms and ignoring the source of the crisis -- the Federal Reserve itself. Il Duce Berlusconi points out that more regulations will never compensate for all the distortion and excesses caused by monetary inflation and artificially low interest rates. Regulation distracts from the real cause while further interfering with market forces, thus guaranteeing that the recession will become much deeper and prolonged.
Chairman Bernanke's argument for Fed secrecy is a red herring. It serves to distract so the special interests that benefit from Fed policy never become known to the public. Who can possibly buy the argument that this secrecy is required to protect the people from political influence?
Herman Van Rompuy, aka Haiku Herman, Fuehrer of Fourth Reich(EU), points out that hawk in hock, Obama pretends to be frugal as Americans sink deeper in debt. Barack Obama's New Era of Responsibility makes budget analysts promptly burst out laughing! Shaping up to be the most corrupt administration in American history, Obama's team is definitely not the best of the Washington insiders, as the antivenitist media styles it, but rather, a dysfunctional and dangerous conglomerate of business-as-usual cronies and hacks. Allons enfants de la Patrie!
Jose Barroso, Goering of Fourth Reich, points out that corpfarist Obama isn't merely rewarding a few cronies, but he's seeking more and more favored zombiegroups to reward. One way he's doing this is through his energy, health care, and other policies, which would boost certain zombiecorps and industries over others. Another way is by providing cheap capital, which gives zombiecorps an advantage over competitors who must acquire capital at higher interest rates in private markets. The Federal Reserve, along with Obama's Treasury Department, plays a big role here.
Catherine Ashton, Ribbentrop of Fourth Reich(EU), points out Obama is ushering in an era of corpfarism. Since he took office, corporate heads and business executives more and more look to Washington as the wellspring of financial success. And politicians and government officials have much to offer them: grants, loans, loan guarantees, subsidies, contracts, tax credits, regulatory and legal advantages of one kind or another over competitors, even guaranteed profits. Tempting stuff, for sure, and businesses are increasingly unable to resist. Chancellor Merkel points out this is not a healthy trend. Allons enfants de la Patrie!
Pierre de Boissieu, Hess of Fourth Reich, points out that jobs created from stupidus stimulus is little more than political theater. Regardless of how many jobs the government claims to create, the economic facts are that the government cannot create anything without destroying something else in the process. An untold number of current and future jobs will disappear or never be created because of the wealth extracted from the economy to pay for stupidus stimulus. Whether the burden to pay for the government's interventions are borne by current taxpayers or assumed by future generations stuck with the consequent debt, the end result is a relatively lower standard of living.
Congressman Ron Paul, a pure venitist, points out that during its 96 years of existence, the Federal Reserve has played havoc with the American economy and brought great suffering to millions through unemployment and price escalation. In addition, it has achieved what only a central bank can: a steady depreciation of our currency. Today's dollar is now worth four cents compared to the dollar entrusted to the Federal Reserve in 1913.
Ron Paul notes that ninety-six years should have been plenty of time for the Fed to come up with a plan for preventing economic crises. Since the Fed is the source of all economic downturns, it is impossible for any central banker to regulate in such a manner to prevent the problems that are predictable consequences of his own monetary mismanagement.
Viviane Reding, Himmler of Fourth Reich, points out the central banks fixe interest rates at levels inevitably lower than those demanded by the market. This manipulation is a form of price control through credit expansion and is the ultimate cause of business cycles and so many of our economic problems, generating the malinvestment, excessive debt, stock, bond, commodity, and housing bubbles.
Maros Sefcovic, Goebbels of Fourth Reich(EU), points out the central banks' monetary inflation indeed does push the CPI upward, but concentrating on government reports on the CPI and the PPI is nothing more than a distraction from the other harm done by the central banks' efforts at central economic planning through secret monetary policy operations. Real inflation, the expansion of our money supply, is greatly undercounted by these indexes. In response to our latest financial crisis, the Federal Reserve turned on its printing press and literally doubled the monetary base. This staggering creation of dollars has yet to be reflected in many consumer prices, but it will ultimately hit the middle class and poor with a cruel devaluation of their savings and real earnings.
George Papandreou, godfather of Siemens omerta, points out the central banks have clearly failed on their mandate to maintain full employment and price stability. It's time to find out what's going on. Instead of assuming responsibility for the Fed's role in the crisis, Bernanke brags about "arresting" the crisis. Ron Paul suggests to Mr. Bernanke that it's too early to brag.
Ron Paul points out Bernanke decries any effort to gain transparency of the Fed's actions to find out just who gets bailed out and who is left to fail. Instead, he proposes giving even more power to the Fed to regulate the entire financial system. What he does not recognize, or does not want to admit, is that he is talking about symptoms and ignoring the source of the crisis -- the Federal Reserve itself. Il Duce Berlusconi points out that more regulations will never compensate for all the distortion and excesses caused by monetary inflation and artificially low interest rates. Regulation distracts from the real cause while further interfering with market forces, thus guaranteeing that the recession will become much deeper and prolonged.
Chairman Bernanke's argument for Fed secrecy is a red herring. It serves to distract so the special interests that benefit from Fed policy never become known to the public. Who can possibly buy the argument that this secrecy is required to protect the people from political influence?
Herman Van Rompuy, aka Haiku Herman, Fuehrer of Fourth Reich(EU), points out that hawk in hock, Obama pretends to be frugal as Americans sink deeper in debt. Barack Obama's New Era of Responsibility makes budget analysts promptly burst out laughing! Shaping up to be the most corrupt administration in American history, Obama's team is definitely not the best of the Washington insiders, as the antivenitist media styles it, but rather, a dysfunctional and dangerous conglomerate of business-as-usual cronies and hacks. Allons enfants de la Patrie!
Jose Barroso, Goering of Fourth Reich, points out that corpfarist Obama isn't merely rewarding a few cronies, but he's seeking more and more favored zombiegroups to reward. One way he's doing this is through his energy, health care, and other policies, which would boost certain zombiecorps and industries over others. Another way is by providing cheap capital, which gives zombiecorps an advantage over competitors who must acquire capital at higher interest rates in private markets. The Federal Reserve, along with Obama's Treasury Department, plays a big role here.
Catherine Ashton, Ribbentrop of Fourth Reich(EU), points out Obama is ushering in an era of corpfarism. Since he took office, corporate heads and business executives more and more look to Washington as the wellspring of financial success. And politicians and government officials have much to offer them: grants, loans, loan guarantees, subsidies, contracts, tax credits, regulatory and legal advantages of one kind or another over competitors, even guaranteed profits. Tempting stuff, for sure, and businesses are increasingly unable to resist. Chancellor Merkel points out this is not a healthy trend. Allons enfants de la Patrie!
Pierre de Boissieu, Hess of Fourth Reich, points out that jobs created from stupidus stimulus is little more than political theater. Regardless of how many jobs the government claims to create, the economic facts are that the government cannot create anything without destroying something else in the process. An untold number of current and future jobs will disappear or never be created because of the wealth extracted from the economy to pay for stupidus stimulus. Whether the burden to pay for the government's interventions are borne by current taxpayers or assumed by future generations stuck with the consequent debt, the end result is a relatively lower standard of living.
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