May 31st, 2011
The Federal Reserve System appears as an organization at odds with itself. On one hand it claims no fiduciary responsibility to anyone while on the other hand it claims to be concerned for economic welfare of the United States – while maintaining no apparent or mandated constitutional authority for its power, it should be noted. Furthermore, while employing the most arrogant of economic experts from the nation’s most arrogant of educational institutions, The Fed appears as completely incompetent while knowing no more of how to fix the currently listless U.S. economy than does the average simpleton. Additionally, The Fed appears as an organization which has been dishonest and has lied to the American people for so long that The Fed surely now takes the American public for complete idiots as well, all the while professing to the nation of how it cares for our economic welfare. Now, “A top Federal Reserve official says it is time to raise interest rates to avoid causing inflation and economic problems.” (See WSJ link below for quote source.)
The Fed has completely devalued the dollar to a fraction of its prior value (review the historic price of gold). Such currency devaluation was apparently done for any of several arguable reasons (to compete with cheap labor from other nations, to create a currency war, or most likely, to ‘swindle’ Chinese creditors). Not the least of these possible reasons for devaluing the dollar, it seems, was to artificially increase prices in an attempt to superficially – and by definition – put an end to any current economic depression (by artificially bolstering the U.S. GNP as a result of increased prices due to the devalued dollar) - which would help any politician running for reelection, btw.
As for raising interest rates to alleviate inflation pressures, clearly, the devalued dollar would be the only true driving factor for any increased pressures of inflation – as the majority of the population has long been unemployed or underemployed. Consequently, consumer demand and spending could not be causing any inflation. While some may counter that the increased price of fuel has caused inflation pressures to rise, it is likely that the increased price of fuel is also largely a result of the devalued U.S. Dollar (Federal Reserve Note) – a point which I will show at a future date when I have the time. Additionally, anyone that knows anything about economics knows that our government welcomes inflation for its contracting purposes in addition to its [and The Fed's] apparently concerted seigniorage efforts (see inflation tax, fiat dollar/money, and printing money).
As a testament to the level of fools for which The Fed apparently assumes comprises the majority of the U.S. populace, during the midst of the heightened and escalating devaluation of the Dollar – a devaluation resulting from The Fed’s actions, The Fed now wants the populace to increase its savings (according to the WSJ article below which quotes the head of the K.C. Fed). That is, The Fed apparently wants us to increase our savings levels while it continues to devalue the dollar – as if the U.S. populace could be as stupid as the Chinese creditors to allow the banks to hold our money/wealth while the central bank (The Fed) devalues the money to a level where it is worth less than when the money was put into any savings account. Even the Chinese fools/creditors eventually caught-on to what was happening in that regard. Now The Fed (apparently with no more foreigners around to swindle) expects the average American to be just as stupid as the Chinese had been. And additionally, of course, few Americans have jobs which would allow for saving any money, anyhow. What’s more, as a result of the economic depression, depressed real estate values, and nonexistent demand for workers, many retirement savings of aging Americans has long since been wiped-out – all the while during recent years The Fed maintaining an apparent historic position of desiring any such retirement savings to be invested in the equities markets and not kept in savings accounts.
Nevertheless, I must admit, given the listless U.S. economy and the liquidity trap which appears to have gripped the same, The Fed surely needs to do something different (other than lining its own pockets while increasing the value of its gold reserves which it has done superbly well over recent decades with the devalued dollar). Clearly the U.S. economy is in the throws of a liquidity trap. Few, other than myself – apparently, are even willing to admit the possibility of such a liquidity trap in the U.S. Most probably won’t admit such a possibility because they fear reprisals and retribution for stating such from the all-powerful Federal Reserve System and its government lackeys. When corporations pursue capital investments in infrastructure, for example, such typically increases the need for workers (which is a good thing). However, when corporations make these capital investments – say in new facilities, they often secure/sell bonds to ensure the financing of the capital improvement effort. There in lies the rub and the basis of the liquidity trap as well. Because, when interest rates are at an all time low rate of return (as they are currently), the interest rate ultimately has nowhere to go but up. When one buys a bond at one rate of return and then the rate is increased for new bonds, the value of the bond at the lower rate of return is then worth a lesser face value than when it was purchased. Therefore the holder of that bond at the lower interest rate has now lost money due to the availability of a bond at an increased interest rate. So in other words, no one wants to buy any bonds with such low rates of returns as they currently stand because such would surely be a losing investment to the purchaser of bonds. Furthermore, according to some, increased savings only worsens a liquidity trap – and, in fact, any economics textbook will tell you to throw money at a liquidity trap.
So what is The Fed’s true intent in this matter of seeking increased interest rates? Given its lack of fiduciary responsibility to anyone other than itself and its minimal transparency to observers, it is unlikely that any outsider will ever know what is the true intent of The Federal Reserve System. Given the hold and power The Fed has over our governments and politicians, it is unlikely that our governments and legal establishments will help us in this regard either. To be clear, the Nation's Founding Fathers stood against a national/Federal Bank and included no such allowance for a delegation of financial power/authority to a non-government agency/banking cartel [such as The Federal Reserve System] in our American Nation's Constitution.
Surely, it is probably best to let the economy drive itself rather than to let this banking cartel known as The Federal Reserve System make economic policy. After being in existence for nearly one hundred years, if The Fed has not determined by now what to do during times of economic woes to benefit the nation, what is the point in having it run our money supply and setting monetary and fiscal policy? As such, the time is clearly at hand to “SHRED THE FED”!!!
Adam Vernon Trotter / AVT
PS. Should time/history prove The Fed System to be less than forthright, let us hope that ultimate justice exists in the universe and that those bankers who were reported to have secretly met at Jekyll Island nearly one hundred years ago to frame The Federal Reserve System are now being subjected to that ultimate justice – as we can also hope the same ultimate justice will exist for the politicians, lawyers, and judges who continue to allow for the perpetuation of any seemingly corrupt and incompetent Federal Reserve System to this day.
Kansas City Fed's Hoenig Sees Need to Lift Rates
http://online.wsj.com/article/SB10001424052702303657404576353393578116276.html
Liquidity trap
http://en.wikipedia.org/wiki/Liquidity_trap
How Much Of The World Is In a Liquidity Trap? (Krugman)
http://krugman.blogs.nytimes.com/2010/03/17/how-much-of-the-world-is-in-a-liquidity-trap/
Liquidity Trap
http://www.investopedia.com/terms/l/liquiditytrap.asp
Definition of Terms: "Shred The Fed"
http://adamvernontrotter.blogspot.com/2011/02/definition-of-terms-shred-fed.html
Concerning the Federal Reserve System and Fiduciary Responsibility….
http://adamvernontrotter.blogspot.com/2010/10/concerning-federal-reserve-system-and.html
Thomas Jefferson and the Federal Reserve System.
http://adamvernontrotter.blogspot.com/2010/06/thomas-jefferson-and-federal-reserve.html
Showing posts with label American Depression. Show all posts
Showing posts with label American Depression. Show all posts
Wednesday, June 8, 2011
Thursday, February 17, 2011
Inflation Pressures Somewhat Rise for No Apparent Reason other than the Efforts of the Federal Reserve. ‘SHRED THE FED’!!!
February 17th, 2011
As reported early this morning by WYNS (1010 "WINS" AM Radio) in New York City, inflation pressures are apparently on the rise - with the radio station reporting that prices had risen 0.8% (though I am not for what period or who they were quoting). Today, the Consumer Price Index (CPI) economic indicator was released and it also seems to confirm that prices are on the rise as well (0.4% increase since the previous month).
Anyone that knows anything of economics surely knows that, during the ‘normal’ course of economic events, inflation typically only rises when much of the workforce is gainfully employed and therefore competition surfaces between consumers for the available goods – which in turn causes prices to rise and inflation to occur. Of course, we are not in any ‘normal’ times and, in reality, the American Nation is still in the throws of a major depression with unemployment staying at near record high levels.
So, given this basic knowledge of economics and the current realities of the American economy, what then has caused this latest round of inflation to arise?
Clearly, this latest rise in inflation appears as the result of no other reason than that of the concerted efforts of the Federal Reserve System and its continued and never-ending devaluation of the dollar – of which I have long blogged. Of course, the Fed and others may argue that the continued devaluation of the dollar (Federal Reserve Note) is to the benefit of the American populace and Nation. I would merely respond with telling those that may believe that logic to go and ask the average citizen if the devalued dollar is of any benefit to the typical homeowner/consumer - who now may have to make a choice between buying milk and bread or rather to buy gasoline because of rising prices the average homeowner/consumer may no longer afford to buy both! Of course, the argument could be made that increased fuel costs are adding to any inflationary pressures. However, I would counter any such assertions with the apparent fact that much of the increased fuel costs are a direct result of the devalued dollar - a fact that I am confident I could easily verify/prove.
In reality, however, there could be any number of other reasons why the apparently self-serving/inept/nearly-criminal Federal Reserve System continues to devalue the dollar/Federal Reserve Note. One such reason would be merely that the Fed desires to forever increase the value of its gold holdings. Another reason, of course, is that the nation is again approaching another national election and therefore the Fed has decided to artificially increase prices (by devaluing the dollar) and therefore try to also artificially increase the Gross Domestic Product (GDP) which, by definition, would mean that the depression/recession has officially ended. By artificially ending the current depression/recession, the Fed would be coming to the rescue of its apparent errand-boys and lackeys in elected positions – with these individuals forever holding positions of power such as the White House and Congress.
What hold does the Federal Reserve System have on our government which allows the Fed to remain in power and to control our government as well as our Nation? What hold does the Fed maintain, in deed, as such a hold was clearly against the wishes/intent (and warned against) by the Founding Fathers of our American Nation – if not blatantly against the U.S. Federal Constitution? How is it that the Fed stays in control when our Founding Fathers expressly seemed to state in the U.S. Federal Constitution that no outside entities should ever control the money supply of our Nation?
Therefore, as such, I would surmise that the time is approaching to ‘SHRED THE FED’!!! It would appear that the only way to effect any ‘shredding of the Fed’/discontinuation of the Federal Reserve System is to elect politicians who care more for the well being of the American populace than the politician would care for the purse-strings of the wealthy bankers of our nation and the world. Does such a politician exist? Will I have to run for Congress to this end? Or, would the bankers and the Fed [and its cronies and lawyers/judges throughout our governments and legal establishments] act in accordance with the long list of tyrants throughout world history and merely extinguish any such politician for making such a suggestion as ‘shredding the Fed,’ I have to wonder – as typically the bankers apparently care for nothing above money which then seem to include the disregard of any laws governing the conduct of decent human beings as well? I would be happy to expand on these thoughts, should anyone ask – by the way. Am I only one of a few that is willing to put forth these thoughts for all to hear?
Adam Vernon Trotter / AVT
See:
U.S. core CPI rises more-than-expected in January
http://www.forexpros.com/news/economic-indicators/u.s.-core-cpi-rises-more-than-expected-in-january-195684
Latest Data Show Percolating Prices
http://newswires-americas.com/markettalk/?p=15234
Economic News Release
http://www.bls.gov/bls/newsrels.htm
Daily Outlook:
http://fxessentials.com/2011/02/17/europe/express-fx-february-17-2011/
The following seems to somewhat disagree with my logic – if one removes food and energy from index (?!?), but probably a banker/wall street type:
(…deflation must be stopped by the Fed at all costs…). This author must be wealthy and have gold holdings too.
Core CPI Up, but Still Tame
http://www.zacks.com/stock/news/47777/Core+CPI+Up,+but+Still+Tame
See also:
http://adamvernontrotter.blogspot.com/2009/06/allow-federal-government-to-control.html
http://adamvernontrotter.blogspot.com/2011/02/repeal-eleventh-11th-amendment-to-us.html
http://adamvernontrotter.blogspot.com/2010/08/time-to-shred-fed-appears-to-be-at-hand.html
http://adamvernontrotter.blogspot.com/2010/06/thomas-jefferson-and-federal-reserve.html
http://adamvernontrotter.blogspot.com/2010/10/concerning-federal-reserve-system-and.html
http://adamvernontrotter.blogspot.com/2009/10/fractional-banking-system-no-longer.html
http://adamvernontrotter.blogspot.com/2011/01/us-governmentobama-administration-wants.html
http://adamvernontrotter.blogspot.com/2010/11/on-federal-reserves-plan-to-buy-back.html
http://adamvernontrotter.blogspot.com/2010/11/what-would-happen-with-no-us-federal.html
http://adamvernontrotter.blogspot.com/2010/10/currency-war.html
http://adamvernontrotter.blogspot.com/2010/10/fed-to-buy-back-government-debt.html
http://adamvernontrotter.blogspot.com/2010/09/include-soup-kitchens-in-next-federal.html
http://adamvernontrotter.blogspot.com/2010/01/report-true-unemployment-numbers-or.html
http://adamvernontrotter.blogspot.com/2009/09/michael-moores-new-movie-capitalism.html
http://adamvernontrotter.blogspot.com/2009/06/us-credit-rating-has-been-or-is-being.html
http://adamvernontrotter.blogspot.com/2009/02/federal-reserve-chairman-bernanke.html
http://adamvernontrotter.blogspot.com/2009/02/congressman-meeks-re-liquidity.html
As reported early this morning by WYNS (1010 "WINS" AM Radio) in New York City, inflation pressures are apparently on the rise - with the radio station reporting that prices had risen 0.8% (though I am not for what period or who they were quoting). Today, the Consumer Price Index (CPI) economic indicator was released and it also seems to confirm that prices are on the rise as well (0.4% increase since the previous month).
Anyone that knows anything of economics surely knows that, during the ‘normal’ course of economic events, inflation typically only rises when much of the workforce is gainfully employed and therefore competition surfaces between consumers for the available goods – which in turn causes prices to rise and inflation to occur. Of course, we are not in any ‘normal’ times and, in reality, the American Nation is still in the throws of a major depression with unemployment staying at near record high levels.
So, given this basic knowledge of economics and the current realities of the American economy, what then has caused this latest round of inflation to arise?
Clearly, this latest rise in inflation appears as the result of no other reason than that of the concerted efforts of the Federal Reserve System and its continued and never-ending devaluation of the dollar – of which I have long blogged. Of course, the Fed and others may argue that the continued devaluation of the dollar (Federal Reserve Note) is to the benefit of the American populace and Nation. I would merely respond with telling those that may believe that logic to go and ask the average citizen if the devalued dollar is of any benefit to the typical homeowner/consumer - who now may have to make a choice between buying milk and bread or rather to buy gasoline because of rising prices the average homeowner/consumer may no longer afford to buy both! Of course, the argument could be made that increased fuel costs are adding to any inflationary pressures. However, I would counter any such assertions with the apparent fact that much of the increased fuel costs are a direct result of the devalued dollar - a fact that I am confident I could easily verify/prove.
In reality, however, there could be any number of other reasons why the apparently self-serving/inept/nearly-criminal Federal Reserve System continues to devalue the dollar/Federal Reserve Note. One such reason would be merely that the Fed desires to forever increase the value of its gold holdings. Another reason, of course, is that the nation is again approaching another national election and therefore the Fed has decided to artificially increase prices (by devaluing the dollar) and therefore try to also artificially increase the Gross Domestic Product (GDP) which, by definition, would mean that the depression/recession has officially ended. By artificially ending the current depression/recession, the Fed would be coming to the rescue of its apparent errand-boys and lackeys in elected positions – with these individuals forever holding positions of power such as the White House and Congress.
What hold does the Federal Reserve System have on our government which allows the Fed to remain in power and to control our government as well as our Nation? What hold does the Fed maintain, in deed, as such a hold was clearly against the wishes/intent (and warned against) by the Founding Fathers of our American Nation – if not blatantly against the U.S. Federal Constitution? How is it that the Fed stays in control when our Founding Fathers expressly seemed to state in the U.S. Federal Constitution that no outside entities should ever control the money supply of our Nation?
Therefore, as such, I would surmise that the time is approaching to ‘SHRED THE FED’!!! It would appear that the only way to effect any ‘shredding of the Fed’/discontinuation of the Federal Reserve System is to elect politicians who care more for the well being of the American populace than the politician would care for the purse-strings of the wealthy bankers of our nation and the world. Does such a politician exist? Will I have to run for Congress to this end? Or, would the bankers and the Fed [and its cronies and lawyers/judges throughout our governments and legal establishments] act in accordance with the long list of tyrants throughout world history and merely extinguish any such politician for making such a suggestion as ‘shredding the Fed,’ I have to wonder – as typically the bankers apparently care for nothing above money which then seem to include the disregard of any laws governing the conduct of decent human beings as well? I would be happy to expand on these thoughts, should anyone ask – by the way. Am I only one of a few that is willing to put forth these thoughts for all to hear?
Adam Vernon Trotter / AVT
See:
U.S. core CPI rises more-than-expected in January
http://www.forexpros.com/news/economic-indicators/u.s.-core-cpi-rises-more-than-expected-in-january-195684
Latest Data Show Percolating Prices
http://newswires-americas.com/markettalk/?p=15234
Economic News Release
http://www.bls.gov/bls/newsrels.htm
Daily Outlook:
http://fxessentials.com/2011/02/17/europe/express-fx-february-17-2011/
The following seems to somewhat disagree with my logic – if one removes food and energy from index (?!?), but probably a banker/wall street type:
(…deflation must be stopped by the Fed at all costs…). This author must be wealthy and have gold holdings too.
Core CPI Up, but Still Tame
http://www.zacks.com/stock/news/47777/Core+CPI+Up,+but+Still+Tame
See also:
http://adamvernontrotter.blogspot.com/2009/06/allow-federal-government-to-control.html
http://adamvernontrotter.blogspot.com/2011/02/repeal-eleventh-11th-amendment-to-us.html
http://adamvernontrotter.blogspot.com/2010/08/time-to-shred-fed-appears-to-be-at-hand.html
http://adamvernontrotter.blogspot.com/2010/06/thomas-jefferson-and-federal-reserve.html
http://adamvernontrotter.blogspot.com/2010/10/concerning-federal-reserve-system-and.html
http://adamvernontrotter.blogspot.com/2009/10/fractional-banking-system-no-longer.html
http://adamvernontrotter.blogspot.com/2011/01/us-governmentobama-administration-wants.html
http://adamvernontrotter.blogspot.com/2010/11/on-federal-reserves-plan-to-buy-back.html
http://adamvernontrotter.blogspot.com/2010/11/what-would-happen-with-no-us-federal.html
http://adamvernontrotter.blogspot.com/2010/10/currency-war.html
http://adamvernontrotter.blogspot.com/2010/10/fed-to-buy-back-government-debt.html
http://adamvernontrotter.blogspot.com/2010/09/include-soup-kitchens-in-next-federal.html
http://adamvernontrotter.blogspot.com/2010/01/report-true-unemployment-numbers-or.html
http://adamvernontrotter.blogspot.com/2009/09/michael-moores-new-movie-capitalism.html
http://adamvernontrotter.blogspot.com/2009/06/us-credit-rating-has-been-or-is-being.html
http://adamvernontrotter.blogspot.com/2009/02/federal-reserve-chairman-bernanke.html
http://adamvernontrotter.blogspot.com/2009/02/congressman-meeks-re-liquidity.html
Thursday, November 11, 2010
On The Federal Reserve’s Plan to Buy-Back $600B in U.S. Government Debt…
November 12th, 2010
Devaluing the currency to inflate prices for the upcoming election - or whatever, is most likely not the answer to our economic mess. Funny, even The Fed doesnt seem to understand what probably constitutes much of the problem. Guess I better apply for a job there, huh? Think they will have me? Doubt it, prbbly huh?
So what of The Fed’s plan to buy $600B in gov't debt? Any mid-level economics text book says to throw money at the economy, when faced with a liquidity trap. Why do I not think it will work this time? Which brings us to:
The Adam Vernon Trotter Theory of Business Management - appearing soon at a wall-post or blog-post near you (shortened version soon to be released)!! :)
http://adamvernontrotter.blogspot.com/2010/11/adam-vernon-trotter-theory-of-business.html
Adam V. Trotter / AVT
Devaluing the currency to inflate prices for the upcoming election - or whatever, is most likely not the answer to our economic mess. Funny, even The Fed doesnt seem to understand what probably constitutes much of the problem. Guess I better apply for a job there, huh? Think they will have me? Doubt it, prbbly huh?
So what of The Fed’s plan to buy $600B in gov't debt? Any mid-level economics text book says to throw money at the economy, when faced with a liquidity trap. Why do I not think it will work this time? Which brings us to:
The Adam Vernon Trotter Theory of Business Management - appearing soon at a wall-post or blog-post near you (shortened version soon to be released)!! :)
http://adamvernontrotter.blogspot.com/2010/11/adam-vernon-trotter-theory-of-business.html
Adam V. Trotter / AVT
Thursday, September 23, 2010
Include Soup Kitchens in the Next Federal Stimulus Bill to Address Rampant, Widespread, and Ever-Increasing Poverty in Our Nation?
September 23rd, 2010
Given these days of endless unemployment benefits for those that were lucky enough to become unemployed at the proper time for these endless benefits, I have to ask, what about those that became unemployed before the endless benefits were approved and are not privy to such benefits? Given that we seem to be emerging as a welfare state, maybe its time we bring back the soup kitchens of the 1930’s Depression to ensure the populace and their children don’t starve – regardless of whether these folks qualify for food-stamps or not. And, what of those that are unable to walk around with their hand-out for free money from the government such as with endless unemployment benefits? Soup kitchens might be the answer. Furthermore, maybe its time we begin to ‘set in for the long haul’ and address the rampant and ever-increasing levels of poverty in our nation. To ensure that people can eat, soup kitchens seem to be an idea whose time has returned.
Clearly, entire industries and segments of the economy have gone away with no return in sight. And, with as many as 75% of the workforce unemployed or under-employed, we are blessed with a government that has become so out of touch with reality that it likely relies on organizations such as the National Bureau of Economic Research (NBER). The NBER is widely reported to have claimed the ‘recession’ has ended as of sometime last year. I mean…, this bureau – though merely a nonprofit organization - seems as useless as the Federal agency that was supposed to be controlling the off-shore drilling over the recent years – the MMS (Minerals Management Service, Dept. of Interior). (See: http://engineeringandcommerce.blogspot.com/2010/06/deepwater-horizon-bp-us-mms-agency-why.html , also See: http://www.nber.org/cycles/sept2010.html)..
I understand that much of any macro-economic condition is a likely result of perception. That is, if the banks, businesses, and general public were to believe that the economic situation was better, banks would lend money to businesses again, businesses would likely hire additional employees, and many would begin spending additional monies which would likely help to end the current recession/depression. Sort of a self-fulfilling prophecy type of thing. But I think the timing for such an orchestrated smoke-screen of deception (or tepid inspiration) by any economic reporting agency or by the Federal government has long since passed.
Of course, maybe the recession has long since ended for the wealthy that surely became smart enough to follow the lead of the Federal Reserve System and put all their money in gold – surely the wealthy and The Fed have made unimaginable profits of late with the never-ending devaluation of the U.S. Dollar. And maybe the ‘recession’ is over for the corporate leaders that refuse to hire employees and prefer to work their current employees ‘to the bone’ with massive amounts of overtime to squeeze more profits – as productivity is reported to be at an all time high! (As one example see: http://blogs.wsj.com/economics/2010/09/20/san-francisco-fed-warns-job-quashing-productivity-to-remain-hot/ . ) But those wealthy folks were likely never seriously affected by the on-going ‘recession’ like the average citizen anyhow.
But with the numbers of people living below the poverty level reported to be at an all-time high and looks to ever-increase for the near-term future, maybe its time we start to rethink everything! (See: http://www.nytimes.com/2010/09/17/us/17poverty.html, and see: http://www.census.gov/hhes/www/poverty/poverty.html . ) Soup kitchens would seem to be an idea worth considering.
Adam Trotter / AVT
Given these days of endless unemployment benefits for those that were lucky enough to become unemployed at the proper time for these endless benefits, I have to ask, what about those that became unemployed before the endless benefits were approved and are not privy to such benefits? Given that we seem to be emerging as a welfare state, maybe its time we bring back the soup kitchens of the 1930’s Depression to ensure the populace and their children don’t starve – regardless of whether these folks qualify for food-stamps or not. And, what of those that are unable to walk around with their hand-out for free money from the government such as with endless unemployment benefits? Soup kitchens might be the answer. Furthermore, maybe its time we begin to ‘set in for the long haul’ and address the rampant and ever-increasing levels of poverty in our nation. To ensure that people can eat, soup kitchens seem to be an idea whose time has returned.
Clearly, entire industries and segments of the economy have gone away with no return in sight. And, with as many as 75% of the workforce unemployed or under-employed, we are blessed with a government that has become so out of touch with reality that it likely relies on organizations such as the National Bureau of Economic Research (NBER). The NBER is widely reported to have claimed the ‘recession’ has ended as of sometime last year. I mean…, this bureau – though merely a nonprofit organization - seems as useless as the Federal agency that was supposed to be controlling the off-shore drilling over the recent years – the MMS (Minerals Management Service, Dept. of Interior). (See: http://engineeringandcommerce.blogspot.com/2010/06/deepwater-horizon-bp-us-mms-agency-why.html , also See: http://www.nber.org/cycles/sept2010.html)..
I understand that much of any macro-economic condition is a likely result of perception. That is, if the banks, businesses, and general public were to believe that the economic situation was better, banks would lend money to businesses again, businesses would likely hire additional employees, and many would begin spending additional monies which would likely help to end the current recession/depression. Sort of a self-fulfilling prophecy type of thing. But I think the timing for such an orchestrated smoke-screen of deception (or tepid inspiration) by any economic reporting agency or by the Federal government has long since passed.
Of course, maybe the recession has long since ended for the wealthy that surely became smart enough to follow the lead of the Federal Reserve System and put all their money in gold – surely the wealthy and The Fed have made unimaginable profits of late with the never-ending devaluation of the U.S. Dollar. And maybe the ‘recession’ is over for the corporate leaders that refuse to hire employees and prefer to work their current employees ‘to the bone’ with massive amounts of overtime to squeeze more profits – as productivity is reported to be at an all time high! (As one example see: http://blogs.wsj.com/economics/2010/09/20/san-francisco-fed-warns-job-quashing-productivity-to-remain-hot/ . ) But those wealthy folks were likely never seriously affected by the on-going ‘recession’ like the average citizen anyhow.
But with the numbers of people living below the poverty level reported to be at an all-time high and looks to ever-increase for the near-term future, maybe its time we start to rethink everything! (See: http://www.nytimes.com/2010/09/17/us/17poverty.html, and see: http://www.census.gov/hhes/www/poverty/poverty.html . ) Soup kitchens would seem to be an idea worth considering.
Adam Trotter / AVT
Wednesday, February 17, 2010
Stimulus Bill One-Year Anniversary / National Recovery Act too.
Feb 17th, 2010
Today, President Obama said it was because of the federal stimulus bills and Federal Recovery Act that has caused the economy to grow six percent as opposed to a decline of six percent that would have occurred without these massive economic spending bills. However, to me, it seems as though they increased the size of the economy by roughly fifty percent. Over the last two years or so, the U.S. government appears to have infused an estimated five trillion dollars ($5,000,000,000) into the economy – albeit most of the money seemed to go to the impoverished financial sectors (regardless of whether this sector truthfully need it, but maybe they probably need the cash to pay for the bonuses of their executives).
So, anyway, if the U.S. economy was originally at an approximate GDP of fourteen trillion ($14,000,000,000), and then the U.S. government infused more than a third or a quarter (or whatever) of the GDP into the economy with a stroke of the pen (regardless of where the money may have actually went), it would seem that the economy should have grown more than six percent, right? (And these numbers don’t even address the seemingly nearly corrupt fiscal policy of the Federal Reserve System in a systematic devaluing o f the U.S. dollar.)
Furthermore, given the seemingly long-standing dishonest nature of the US government, and in light of the fact that this government is apparently well practiced at having its ‘cake and eating it too,’ I would venture to guess that these stimulus bills had nothing to do with helping the average person nor helping the U.S. economy as a whole. I would put forth that during the boom years of the Clinton administration, the fat-cats in power (like the Federal Reserve) realized the threat to financial sectors of the realistic possibility of the U.S. nation paying off its national debt. If the national debt were to be paid off, there would be no need for U.S. bonds and the massive portions of the financial sector would have neither bonds to trade nor any real reason to exist.
I hereby put forth that I believe this recession was likely orchestrated by entities such as the U.S. Government and the Federal Reserve System. I believe this recession to be merely a ‘smoke screen’ to hide what is really happening. I believe that such sinister deeds were likely undertaken to prevent the possibility of the U.S. government paying off its debt and therefore whole sections of the financial sectors would no longer have been necessary. I think that the financial sectors and bankers such as the Federal Reserve (which is not a government agency), in this regard of ensuring U.S. government debt exists long into the future, has no concern for the well-being of the American people whatsoever. I believe these high-powered entities that likely organized this recession are so self centered that they only care about their own profits and have no concern how many regular-type American lives are ruined in the pursuit of the financial sector’s goal of insuring the continued existence of American government debt.
Ok, add-on after thought (Feb 25th, 2010): I’m not necessarily saying that I necessarily believe that the government and Federal Reserve intentionally set-out to ruin the livelihoods of so many Americans, as they have apparently recently done with this latest recession/depression. However, I think during their massive devaluation of the dollar – in some sort of semi-veiled attempt to maintain the world-wide preeminence of the American economy by tying all economies to the success of the dollar, they then realized that the ploy was all destined to fail in ruin; and, they figured that they were in so deep at this point that they might as well keep devaluing the dollar so the Bush administration would look better through dollar devaluation and subsequent price inflations such that President George W. Bush did not leave office in the midst of a recession like his father, President George H.W. Bush, had done years earlier. When they saw the massive recession locomotive train coming the other way on the same rails and on a collision course with their tactics, they just decided to milk the fruits of their seemingly failed plan for all it was worth, ensure a long life to sustained American government debt, laugh all the way to their own bank, damn the torpedoes, and the livelihoods of the American people as well!
Adam Trotter / AVT
PS. Of course, we are all aware that if the United States were hypothetically to seek to join an organization such as the European Union, that the U.S. would be barred from entering such an organization because of the level of our national debt in relation to our GDP.
Today, President Obama said it was because of the federal stimulus bills and Federal Recovery Act that has caused the economy to grow six percent as opposed to a decline of six percent that would have occurred without these massive economic spending bills. However, to me, it seems as though they increased the size of the economy by roughly fifty percent. Over the last two years or so, the U.S. government appears to have infused an estimated five trillion dollars ($5,000,000,000) into the economy – albeit most of the money seemed to go to the impoverished financial sectors (regardless of whether this sector truthfully need it, but maybe they probably need the cash to pay for the bonuses of their executives).
So, anyway, if the U.S. economy was originally at an approximate GDP of fourteen trillion ($14,000,000,000), and then the U.S. government infused more than a third or a quarter (or whatever) of the GDP into the economy with a stroke of the pen (regardless of where the money may have actually went), it would seem that the economy should have grown more than six percent, right? (And these numbers don’t even address the seemingly nearly corrupt fiscal policy of the Federal Reserve System in a systematic devaluing o f the U.S. dollar.)
Furthermore, given the seemingly long-standing dishonest nature of the US government, and in light of the fact that this government is apparently well practiced at having its ‘cake and eating it too,’ I would venture to guess that these stimulus bills had nothing to do with helping the average person nor helping the U.S. economy as a whole. I would put forth that during the boom years of the Clinton administration, the fat-cats in power (like the Federal Reserve) realized the threat to financial sectors of the realistic possibility of the U.S. nation paying off its national debt. If the national debt were to be paid off, there would be no need for U.S. bonds and the massive portions of the financial sector would have neither bonds to trade nor any real reason to exist.
I hereby put forth that I believe this recession was likely orchestrated by entities such as the U.S. Government and the Federal Reserve System. I believe this recession to be merely a ‘smoke screen’ to hide what is really happening. I believe that such sinister deeds were likely undertaken to prevent the possibility of the U.S. government paying off its debt and therefore whole sections of the financial sectors would no longer have been necessary. I think that the financial sectors and bankers such as the Federal Reserve (which is not a government agency), in this regard of ensuring U.S. government debt exists long into the future, has no concern for the well-being of the American people whatsoever. I believe these high-powered entities that likely organized this recession are so self centered that they only care about their own profits and have no concern how many regular-type American lives are ruined in the pursuit of the financial sector’s goal of insuring the continued existence of American government debt.
Ok, add-on after thought (Feb 25th, 2010): I’m not necessarily saying that I necessarily believe that the government and Federal Reserve intentionally set-out to ruin the livelihoods of so many Americans, as they have apparently recently done with this latest recession/depression. However, I think during their massive devaluation of the dollar – in some sort of semi-veiled attempt to maintain the world-wide preeminence of the American economy by tying all economies to the success of the dollar, they then realized that the ploy was all destined to fail in ruin; and, they figured that they were in so deep at this point that they might as well keep devaluing the dollar so the Bush administration would look better through dollar devaluation and subsequent price inflations such that President George W. Bush did not leave office in the midst of a recession like his father, President George H.W. Bush, had done years earlier. When they saw the massive recession locomotive train coming the other way on the same rails and on a collision course with their tactics, they just decided to milk the fruits of their seemingly failed plan for all it was worth, ensure a long life to sustained American government debt, laugh all the way to their own bank, damn the torpedoes, and the livelihoods of the American people as well!
Adam Trotter / AVT
PS. Of course, we are all aware that if the United States were hypothetically to seek to join an organization such as the European Union, that the U.S. would be barred from entering such an organization because of the level of our national debt in relation to our GDP.
Friday, September 25, 2009
Michael Moore’s New movie “Capitalism: A Love Story” Seems to Miss the Point.
Sept. 26th, 2009
While Michael Moore’s movie “Capitalism: A Love Story” appears to deserve applause regarding its efforts to enlighten the American people concerning the latest crimes that the banking/financial sector may have perpetrated against the nation, it seems to miss the point. Of course given the date of this blog, I have yet to see the film as it has yet to be released; however, I watched much of Mr. Moore’s interview with Larry King the other night wherein Moore explained his allegations. Assuming that his representations of the facts are genuine, it would seem that the movie does not delve deep enough into the situation to show the likely true damages that the banking/financial sectors seem to have brought upon us through activities which surely caused the latest depression / recession. The true crime at hand is not merely that the bankers (particularly the Federal Reserve System, most likely) and the government officials performed no oversight of the financial sectors that culminated in the latest recession. In my opinion, the true crime is that the bankers (Federal Reserve System) and the government officials seem to have intended to create the situation that necessitated an eventual recession / depression. To illuminate this fact, one only needs to look at the monetary exchange rates over the last few years; one has to wonder how many Euros the Federal Reserve and the nation’s bankers were purchasing when the Euro appreciated and nearly doubled its exchange value versus the dollar - which concurrently drove the value of the dollar into the ‘mud.’ Surely, for the Fed and the government to allow the dollar to be devalued to such an extent as it has been in recent times (through seigniorage, inflation tax, stimulus bills, bail-outs, etc.) either represents an absurdity in judgment or evidence of a more sinister plan – regardless of original intentions and whether such maintained the unlikely aim of benefiting the populace of the nation. Ultimately, a 'more sinister' justification is probable for the actions of the banking/financial sectors because the one thing that we can use as a ‘baseline’ in any deduced intent [of the financial sectors] concerning the current financial mess of the American economy is that we can be sure that the banks want all the money they can amass and horde, regardless of all else. Once again, I reiterate from previous blogs: it would probably be best if the American government controlled our currency and not a banking cartel.
AVT
PS. Please be hereby reminded that the Federal Reserve System is not a government agency, claims no fiduciary responsibility to any external entity, and often speaks of seeking arbitrage opportunities in its documents / meetings.
PSS. IN ALL FAIRNESS TO MR. MOORE, however, I have not seen his latest film and therefore I could stand to be corrected with this blog. When/if I have the opportunity to see this film and perchance Mr. Moore does, in fact, agree with my point about the true crimes concerning the latest financial and economic mess facing the nation [that the actions of the financial sector demanded or possibly intended such a recession / depression regardless of oversight], I would then stand corrected. When/if such a set of occurrences should come to pass, I would post that I was in error with the sentiment of this blog and likely remove the blog sometime thereafter.
While Michael Moore’s movie “Capitalism: A Love Story” appears to deserve applause regarding its efforts to enlighten the American people concerning the latest crimes that the banking/financial sector may have perpetrated against the nation, it seems to miss the point. Of course given the date of this blog, I have yet to see the film as it has yet to be released; however, I watched much of Mr. Moore’s interview with Larry King the other night wherein Moore explained his allegations. Assuming that his representations of the facts are genuine, it would seem that the movie does not delve deep enough into the situation to show the likely true damages that the banking/financial sectors seem to have brought upon us through activities which surely caused the latest depression / recession. The true crime at hand is not merely that the bankers (particularly the Federal Reserve System, most likely) and the government officials performed no oversight of the financial sectors that culminated in the latest recession. In my opinion, the true crime is that the bankers (Federal Reserve System) and the government officials seem to have intended to create the situation that necessitated an eventual recession / depression. To illuminate this fact, one only needs to look at the monetary exchange rates over the last few years; one has to wonder how many Euros the Federal Reserve and the nation’s bankers were purchasing when the Euro appreciated and nearly doubled its exchange value versus the dollar - which concurrently drove the value of the dollar into the ‘mud.’ Surely, for the Fed and the government to allow the dollar to be devalued to such an extent as it has been in recent times (through seigniorage, inflation tax, stimulus bills, bail-outs, etc.) either represents an absurdity in judgment or evidence of a more sinister plan – regardless of original intentions and whether such maintained the unlikely aim of benefiting the populace of the nation. Ultimately, a 'more sinister' justification is probable for the actions of the banking/financial sectors because the one thing that we can use as a ‘baseline’ in any deduced intent [of the financial sectors] concerning the current financial mess of the American economy is that we can be sure that the banks want all the money they can amass and horde, regardless of all else. Once again, I reiterate from previous blogs: it would probably be best if the American government controlled our currency and not a banking cartel.
AVT
PS. Please be hereby reminded that the Federal Reserve System is not a government agency, claims no fiduciary responsibility to any external entity, and often speaks of seeking arbitrage opportunities in its documents / meetings.
PSS. IN ALL FAIRNESS TO MR. MOORE, however, I have not seen his latest film and therefore I could stand to be corrected with this blog. When/if I have the opportunity to see this film and perchance Mr. Moore does, in fact, agree with my point about the true crimes concerning the latest financial and economic mess facing the nation [that the actions of the financial sector demanded or possibly intended such a recession / depression regardless of oversight], I would then stand corrected. When/if such a set of occurrences should come to pass, I would post that I was in error with the sentiment of this blog and likely remove the blog sometime thereafter.
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