Foreign Policy // Current TV

US envoy in Egypt to organize smooth removal of Mubarak

Ambassador Frank G Wisner is a personal friend of President Hosni Mubarak. He arrived... more

Aimee_Kligman
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Secretary of State Clinton wants global gathering of ambassadors

On Monday, January 31, 2011, US Secretary of State Hillary Rodham Clinton called for... more

Aimee_Kligman
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Egypt: The US is on the wrong side of history

Does the United States of America, a nation founded on self-evident truths, stand for... more

hoosierdaddy
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US admin urges Mubarak to make political reforms

Egypt is a key ally of the US in the Middle East. In the presence of Jordan's... more

Aimee_Kligman
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Despite official warnings, Egyptians continue to demonstrate for freedom

Egyptians are undeterred. Even though the government announced this morning that... more

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What Obama said in the SOTU message yesterday

America was eagerly waiting for this message, more so for domestic agenda issues than... more

Aimee_Kligman
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1 year ago
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US/Mexico border drama: when the story finds you

Mexico has been getting a bad name in the last couple of years; actually it's... more

Aimee_Kligman
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U.S. Foreign Policy In January 1941. | Newstalgia

A look at our Foreign Policy in 1941 and the pending Lend-Lease bill in Congress in a... more

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January 7, 1978 - Pax Americana. | Newstalgia

News of the day (via CBS World News Roundup) for January 7, 1978 - Jimmy Carter... more

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"Deep Government Pockets" - End The Fed

By David P Shirk

Technology is a very useful tool, especially if you happen to be a bank or financial institution seeking to maintain control of a nation’s monetary means. Or – a government that hails such nonsense as the only way to bring about order and peace. The truth is that the wheelbarrows of inflated money probably will not happen thanks to the wonders of technology, but what is to come is far worse. The reality is that those who clamor for financial regulation fail to see how such regulation furthers government power at our expense – not the fat cats.
For instance, Qe2 (quantitative easing) has the goal of injecting 500 Billion dollars into the market. Well, that’s the common misconception anyway. Sadly, despite this insane amount of money being tossed about (nearly $1,600 for every living man, woman, and child in the US), I would bet my bottom dollar that at least a third of the US population has never even heard of it. Of the two thirds that have, about one probably thinks it is simply the treasury printing more money, giving it to banks, and the banks will simply be lending it out to we the people to help our finances. The final third is divided, but smell a rat.
The main complaint of Qe2 seems to be the all too real threat of hyperinflation. The most historic example of such a policy gone wrong was after WWI when Germanys’ currency was printed to an excess so extreme that their money became worthless. Too much money, not enough goods. Yet inflation itself has little to do with the price of goods – that is merely the result of inflation. Inflation is in all reality the increase of money supply (hence the term), and until recently, was not measured by the price difference in a gallon of milk (a layman’s example – CPI for the more savvy). Yet the idea that such a thing happening today to such an extreme as in post WWI Germany is a little misrepresented, and therefore people tend to miss the bigger picture.
First off all, we need to remember that the bulk of what is on the banks balance sheets does not exist in terms of money that can be used by anyone at a store. In other words – the money that we use in bills and coinage represents less than 10% of what the banks have on their books. This is nothing new and has been going on for well over 30 years now. So the idea that an increase of $1,600 for every living person in the US will see us all pushing around wheelbarrows full of useless paper money is a little unrealistic. It is this fact however that has caused the US in large to completely ignore the danger of inflation for as long as they have.
So a gallon of milk may have gone up maybe a 30% in the last few decades – big deal. As long as people think of inflation as the increase in the price of groceries, some may just be able to justify that. Yet houses have in most cases gone up about 300%, and they cost far more then groceries. The price of renting an apartment has also skyrocketed percentage wise versus the 30% milk. Gas? Well, we all know that one. As to incomes produced from all this money – fairly flat for the last 30 years.
By not having to print wheelbarrows full of cash to pay for houses etc., and keeping the dollar amount on balance sheets only, the banks have figured out how to inflate a currency without people ever seeing it as a real problem. So money supply has become to the average person what the Greek God Zeus would be to a Christian – a mythical being that possesses no basis in reality. If you cannot see it, then it does not exist. Computers and intranets are needed to track the billions of cashless exchanges made each day. These provide the banks with the means to shift billions of dollars around each day that simply do not exist (at least to us peons anyway). So while many of us use technology like the internet to learn and expand our horizons, the banks use it as a dangerous weapon. I think the irony of that fact can only be eclipsed by the irony that our government places banking institutions as the #1 priority when it comes to cyber protection. Using an unconstitutional institution with an unconstitutional controller funding trillions in government debt while indebting an entire nation, the FED has really outdone itself.
But that is hardly the best part.
Qe2 is not new idea, and was already tried back in 2008. In 2008 the Fed purchased 1.7 trillion in US treasury and mortgages backed securities. That did not work, and we were told repeatedly by Obama, Bernanke, Geitner, etc., that the reason why is that it simply was not enough. That was over $5,400 for every living person in the US (1,700,000,000,000/310,000,000). How did such a large amount of money get thrown around, and at the same time, accomplish nothing?
First off – note what the money actually went to – buying the debt from the government and financial sectors (the ones who hold the mortgage backed securities). Keeping in mind that the Federal Reserve funds the US treasury, prints its money, and controls it, we know that the US Government and the Federal Reserve have a symbiotic relationship. This adds insult to injury. The insult is that those who chose to live within their means have their savings diminished by a body they have no say over. The injury is that those who speak up are either labeled as simpletons for attempting to put this problem into perspective in layman’s terms, or an idiot who dares believe themselves to be smarter than the government and FED.
Second is that the FED said something quite brilliant that pretty much sums up the whole mess. Simple put – the belief of people in a policy is the reality. This is after all how they have managed to get away with robbing us blind since 1913. As long as they can prolong the consequences and create the perception that they are acting in our best interest, the FED is in affect untouchable. Naturally it is not a true statement of reality, but rather how they can even flaunt their strategy, and the majority still does not get it despite hearing it straight from the horse’s mouth so to speak. Their perception on the whole matter has created a temporary reality that in the end brings ruin to entire nations. Government says a debt based economy is a good thing via central control via the FED. Let’s break that idiocy down shall we?
Debt – something that is owed or that one is bound to pay to or perform for another; a liability or obligation to pay or render something; the condition of being under such an obligation. National – of, pertaining to, or maintained by a nation as an organized whole or independent political unit; national affairs; owned, preserved, or maintained by the federal government; peculiar or common to the whole people of a country; devoted to one’s own nation; patriotic; concerning or encompassing an entire nation.
National Debt – money owed by everyone (that by definition is patriotic to pay – gag). $14,000,000,000,000/310,000,000 peop....

http://www.peacefreedomprosperity.com/?p=3867By David P Shirk Technology is a very useful tool, especially if you happen to be a... more

shanklinmike
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1 year ago
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If the Truth hurts ,then bring on the pain!

The truth! can you handle it?http://www.thepetitionsite.com/1/bringbackwikileaks/

jimmimac
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Next Year's Wars-16 Brewing Conflicts to Watch in 2011

Across the globe today, you'll find almost three dozen raging conflicts, from the... more

rodstradamus
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1 year ago
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House approves major increase in military aid to Israel

While the entire nation is debating about taxes (complete distraction from the root of... more

maasanova
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1 year ago
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Ron Paul, Lying is not patriotic

Lying is wrong, regardless of who does it. We live in a world of 'spin' ie.... more

Conniepae
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1 year ago
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Ron Paul: In a Free Society, We're Supposed to Know the Truth

We may never know the whole story behind the recent publication of sensitive U.S.... more

GLOBALPOLITICAL
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1 year ago
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Comedy of Terror

Dr. Philip Hammond argues that comedy has provided greater insights on the nature of... more

worldwrite
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1 year ago
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Palestinian Statehood - Legality of a Unilateral Declaration

The Palestinian Authority committed in the 1995 interim agreement that neither they... more

judyinjerusalem
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U.S.-Israel Relations Post-Midterm Elections

Two-time Israeli Ambassador to the U.S. Zalman Shoval analyzes the dynamics of the... more

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Is Israel a Colonial State? Part I of II

Israel's creation, far from being a foreign colonial transplant, can actually be... more

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Is Israel a Colonial State? Part II of II

www.jcpa.org - Israel's creation, far from being a foreign colonial transplant,... more

judyinjerusalem
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