Archive for October, 2012
The Federal Reserve announced almost a month ago what people incorrectly refer to as QE3 (in should be called QE5). In reality it should be called QEternity, as there is no target amount of duration for the monthly LSAP (large scale asset purchases). Their reasoning for this new stimulus was to help the American job market/economy. Unfortunately, nothing the Fed does is aimed at helping the average American.
QEternity will soon be injecting $85 billion/month directly into the very banks that caused the financial crisis in 2008. To put it into perspective, $85 billion would support approximately 2,975,000 full time minimum wage jobs PER YEAR. This money is unsterilized meaning it is newly created (printed out of thin air so to speak). The money is given to the banks who can do one of two things. They can deposit it with the Federal Reserve and receive interest on their excess reserves (the Fed PAYS the banks NOT to lend out this money) or they can gamble it in the financial market. If and when the banks ever begin using their excess reserves to buy physical assets (oil, land, mortgages, commodities, etc) or lends it out, it’ll create a tidal wave of inflation that will make $5 gas look cheap.
As a reminder, both Obama and Romney support the Federal Reserve and the its current monetary policies. Keep telling yourself that either candidate serves the American people.
Iran is beginning to experience hyperinflation as a result of the sanctions that are being imposed by the US and Europe. Probability of Iran responding militarily against either Israel or European/US interests increases as the Rial continues to lose value. If it happens (coupled with the pending US debt ceiling breach), it’ll provide the perfect cover for yet another war which will be the stepping stone toward WWIII as I have been saying for over a year now. Buckle up people. Have a feeling all hell is going to break loose after the Nov. 6th election.
As a reminder; China, Russia, Pakistan, and India (all of which are nuclear powers) are fiercely opposed to a Western backed war against Iran and Syria. If the US/Israel/Europe goes to war with either of the two countries, Asia has two options to respond. 1. War and 2. Abandoning the US dollar. #2 seems more realistic as it would be a death blow to the West.
With everyone so focused on the Presidential [puppet] debates last night between Obomney, I thought it’d be a good time to point how who the true unelected leaders of the developed world are. These are the men calling the shots. But who’s pulling their strings?
On November 6th, you will not be voting for the next President of the United States. Instead, you will be deciding which puppet will sit in the oval office and will do the bidding of the globalist banksters.
According to Albert Einstein, the definition of insanity is doing the same thing over and over and expecting different results. If you’re deciding between Obama and Romney it really doesn’t matter who you cast your vote for. Romney and Obama stand together on every important issue.
Both support NDAA as written
Both have no respect for the Constitution
Both support the private Federal Reserve Bank
Both believe that the executive has the authority to wage war without consulting Congress
Both are anti-2nd amendment
Neither one believes in sound money
Neither one believes in free market capitalism
The list goes on and on.
The hard reality is that our government is controlled by a private bank that owns a monopoly on our currency and devalues it at will with impunity. The reason why inflation is always on the rise is because of the continual devaluation of the dollar. Prices are going up, but rather, the purchasing power of the dollar is declining.
I urge people to begin voting with their conscience and stop engaging in this false right vs. left, liberal vs. conservative, paradigm.