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Moe, Larry And Curly Bernanke

June 20, 2011 by  

Moe, Larry And Curly Bernanke

In the 1940 short film “A Plumbing We Will Go,” The Three Stooges pose as plumbers trying to stop a leaky pipe in a large home while a party is going on.

Since they know nothing about plumbing, it isn’t long before the boys have connected the water pipes to a conduit and water is pouring out everywhere. Of course, the party is ruined and the house is wrecked.

Federal Reserve Chairman Ben Bernanke is Moe, Larry and Curly all rolled into one, and his efforts to stop the leaky economy have been as successful as the boys’ efforts were in fixing the dripping pipe. Bernanke’s latest effort of quantitative easing — known as QE2 — is running out, and the bubble he created is deflating faster than one of the Stooges’ helium-filled cakes.

Last week, a Chinese ratings house accused the United States of defaulting on its massive debt by allowing the dollar to weaken against other currencies — eroding the wealth of its creditors, the biggest of which is China.

China holds $1.145 trillion of U.S. Treasury securities. That is down from its peak of $1.175 trillion in October, according to a story by the AFP news service.

China, the No. 1 holder of U.S. debt, is now a seller of U.S. Treasuries. Japan, the second largest holder of U.S. Treasuries, may soon be a seller as well. It needs money to repair infrastructure following this year’s earthquake and tsunami.

The stock market was down six weeks in a row before last week, when it finally finished a week on an up note. According to The Economic Collapse blog, that hasn’t happened since the dotcom bubble burst in May 2001.

The false euphoria created by QE2, which propped up Bernanke’s Wall Street buddies by driving money into the market, has worn off. Investors realize this, and they are looking for new places to put their money.

Meanwhile, once again, John and Jane American are watching their meager retirement funds dry up. Unemployment is up (the true unemployment rate, which includes discouraged workers, is 22.3 percent, according to the National Inflation Association), manufacturing and consumer confidence are down and one in seven Americans is on food stamps. Millions of Americans receive some sort of government assistance.

The price of everything is increasing. According to NIA: “90% of sporting goods manufacturers have seen their input costs rise substantially this year and 41% of them have already announced major price increases for athletic apparel, footwear, and sports equipment. As the 8,000 toy manufacturers in China are forced to raise the wages they pay their employees, Toys R’ Us is now beginning to see major wholesale price increases for their products, which they will have to pass on to U.S. consumers. Hasbro recently raised prices on all of their products by 6% to 7%. Mattel recently imposed an across the board high single digit price increase after reporting a 33% decline in quarterly profits (despite sales surging by 8%) due to skyrocketing raw material costs.”

May sales reflected what consumers thought of the rising prices. Retail sales fell for the first time in 11 months. The drop in sales hit autos, electronics, appliances, furniture, groceries, sports retailers and department stores.

Bernanke said he wanted inflation. He got his wish. Now the question is: Is it getting out of hand?

With no one to buy U.S. Treasuries, Bernanke is going to have to buy them. He’ll do this by printing more money. That’s a recipe for hyperinflation.

Bernanke is said to be a student of history and well-versed on the Great Depression. If so, he knows how depressions are cooked up. So either he’s not as smart as he thinks he is or he thinks he’s smarter than everyone else.

Either way, it’s a recipe for disaster.

In April, Standard & Poor’s put a “negative” outlook on the U.S. credit rating, citing rising budget deficits and debt.

“We believe there is a material risk that U.S. policy makers might not reach an agreement on how to address medium and long-term budgetary challenges by 2013. If an agreement is not reached and meaningful implementation does not begin by the year 2012, this would in our view render the U.S. fiscal profile meaningfully weaker than that of peer ‘AAA’ sovereigns.”

This is comical! These are the same rating agencies that put AAA ratings on the subprime garbage that collapsed the U.S. economy in 2008. This is meaningless and for public consumption.

Note that there is no mention that the U.S. is already bankrupt and the rule of law has become a political cesspool. Standard & Poor’s outlook is more of a cover-up than a revelation.

The supposedly developed world, including the U.S., is drowning in debt, and the only solution the powers that be in Washington have is to print more trillions in fiat paper money.

Above the whole mess, a world currency war is going on. There is a race to the bottom of worthless currencies, with the U.S. dollar leading the way.

Imagine that in this muddy chaos, it is the most worthless currency that is the most desirable until the final collapse.

Where is our reasoning? Governments and central banks, the creators of worthless fiat, are seductively impoverishing all who hold and save paper money. This is total war for survival, yet not one in 10 million even suspects that anything is wrong. So we await the deluge like cattle waiting for slaughter. But we don’t have to wait long, because the collapse is now visible and in progress.

The great sovereign deception is now full-blown, led by the name brand rating agencies like Moody’s, Standard & Poor’s, etc. These are the people who took payoffs to rate the great masquerade of collateralized mortgage scams as “investment grade.”

The U.S. Bond market fits squarely into the Ponzi scheme of the ages.

We are in the center of the world debt crisis, and there is no solution except collapse and a slate wiped clean.

When the homeowners discovered the wreckage the Stooges had wrought, they chased them from their home. When Bernanke is done with his work, there won’t be a home left to chase him from.

Bob Livingston

is an ultra-conservative American and author of The Bob Livingston Letter™, founded in 1969. Bob has devoted much of his life to research and the quest for truth on a variety of subjects. Bob specializes in health issues such as nutritional supplements and alternatives to drugs, as well as issues of privacy (both personal and financial), asset protection and the preservation of freedom.

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  • DaveH

    Bob says “So either he’s not as smart as he thinks he [Bernanke] is or he thinks he’s smarter than everyone else”.
    There is a third option — He knows exactly what he is doing, robbing from the poor (Mom and Pop savers) and giving to the rich via excess money creation and thus the devaluation of Mom and Pop’s cash savings.

    • Al Sieber

      I agree with that Dave, Greenspan knew what he was doing also.

      • FreedomFighter

        End the Fed

        Laus Deo
        Semper Fi

        • Bob from Calif.

          Arrest the FED. Bernake and his globalist friends are doing this to weaken the U.S. and bring about their global government.

          • DaveH

            He is a crook, every bit as much as Bernie Madoff, but I doubt we could ever get him prosecuted.

          • Kate8

            DaveH – I agree with you, too. I think he knows exactly what he’s doing, and he’s doing exactly what he wants to do go get the (disastrous for us) result he and his cohorts want.

            Besides, the guy gives me the creeps. His eyes are dead. He looks soulless.

          • DaveH

            LOL. You’re right, Kate (about his eyes). I noticed that too, but I try not to judge people superficially. He has a drugged-out look, that I have seen many times in my life, that is symptomatic of a person trying to ignore his immoral anti-social behavior.

          • Kate8

            DaveH – When you put it together with his actions, it’s hardly superficial.

            I think he is devoid of conscience. Cold.

          • Christin

            Right on Bob in CA.

            However, I think Bernanke is working for the FED and TPTB and is doing what they tell him to do. I don’t think he is working alone. He may just be the puppet we see in this show.

            And I agree with Kate 8 that he knows exactly what he is doing to run America into the ground.

          • Al Sieber

            Kate, maybe he’s a Alien, one of the Lizard People, dead dark eyes.

          • Patty

            Kate8 – You can’t have a soul and do what he does.

          • Christin

            Patty,

            He has a soul… he’s just serving the wrong master.

            He’s sold his soul to the devil.

    • Moonsi

      Amen. Bernanke does what his masters tell him to do.

    • JC

      Bernanke, The Senate, Congress and anyone with an IQ higher than a house plant knows exactly what they are doing. Destroying the economy to bring us all onto a single North American currency and eventually Global Communism.
      Abolish the Fed – Restore the Republic.

    • April

      Uhhh, I think I will go with option #3, and then some. Bernanke knows exactly what he is doing. And it is not in the best interest of the American People.

    • Reality

      I agree with Dave Bernanke knows exactly what he’s doing. It’s what obama told him to do!!!!

    • Pete

      I read on WikiPedia that Mr. Bernanke, as a high school student, learned Calculus on his own. His high school didn’t offer calculus. He went to Harvard then MIT.

      Bob’s article makes a good point – that using outdated monetary policies (like quantitative easing aka print the money, then pay your bills) is somewhat similar to sending the Three Stooges to fix your plumbing.

      I look at it a little bit differently. Let say the 3 stooges were hired for their lack of plumbing skills by a contractor. Let’s suppose the contractor has an interest in owning the land the house was built on. This contractors send the Stooges in to “fix” the plumbing. The house is wrecked, it’s put up for sale – and the contractor buys the house and land at a very low price.

      My opinion is Ben Bernanke, is like this contractor, brilliant planner to get back all the money the Fed Reserve Bank has loan the USA. Congress and the voters are the Stooges …

  • DaveH

    First they (The Government) campaign with the military around the world making enemies as fast as they can. Then they devalue the dollar with excess printing of money, further angering our foreign bond holders (over $4 Trillion). Does anybody think there is going to be any good from all that? Batten the hatches, we’re in for very stormy weather.

    • http://Moreexpensive,moreunknowproblems. Lewis Munn

      Not sure there is that much batten left! Been used to print money on, so we will go down with hatches wide open! Leaking a trail of soggy printed fiat money!

  • JeffH

    Ben Bernanke is a cousin and an agent for the Rothschild banking Cabal.
    http://news.goldseek.com/GoldSeek/1283493780.php

    As Woodrow Wilson said after he signed the bill that transferred the US currency to twelve regional private banks Wilson regretted his decision later saying:

    “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.”

    Thomas Jefferson said: “If the American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered.”

    Jefferson also said, “I sincerely believe the banking institutions having the issuing power of money are more dangerous to liberty than standing armies”

    “Paper is poverty… it is only the ghost of money, and not money itself.”

    The Federal Reserve make no secret about the scam they are running as the Boston section of the Federal Reserve Bank said:
    “When you or I write a check there must be sufficient funds in our account to cover the cheque, but when the Federal Reserve writes a check there is no bank deposit on which that cheque is drawn. When the Federal Reserve writes a cheque, it is creating money.”

    As the Rothschilds of London said in 1863; “The few who understand the system, will either be so interested from it’s profits or so dependant on it’s favours, that there will be no opposition from that class.”

    The great Henry Ford once said “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”

    • TIME

      Ah, YES the TRUTH can the average brainwashed buffoon deal with it?
      Thats really the question of the MILLENNIUM… Saddy I think not, it will just come back to the simple minded thinking, DemO V RebO, as well as the mindless other crap that the simple minded use as their yard stick of what is or is not.

      I got a few moments on Sunday to watch the History Channel on the Telie at a freiends house, WOW, if anyone understood German they would catch a lot of the Propganda used by the HC.
      There was a show my firend was watching called the Rise of the Third Reich, the English translation given to one of Hitlers speches was totaly wrong, But they did use part of one of his terms so lets review;
      The show stated this is what Hitler said, “Hope and Prosperity” for the New One World Order that Germany will lead into the future.

      But in fact what he said is this;
      With the NEW ONE WORLD ORDER, Germany will lead the way in this progressive form of Government, but we must have HOPE & that will bring about the CHANGE, to form our NEW ONE WORLD ORDER where the Government of the NSDAP will rule for one thousand years.

      • TIME

        By the way any of you know anything about the upcoming July 15th 2011 Dodd & Frank law that was passed in 2010 about the sale of over the counter Gold & Silver? Just asking.

        • Al Sieber

          Yes I do TIME, it’s gonna create a large black market in gold and silver and could eventually lead to gold and silver confiscation, I sell it to small dealers and it could affect them big time.

          • Al Sieber

            Also TIME we’re gonna have troops on the ground in Libya by Oct., and possibly Syria and this could spark World War 3.

          • Al Sieber

            So it looks like Obama’s a true war president, heading towards being a dictator.

          • Dennis

            I said there would be not vote in 2012, it would be by marshall law or war, thats the only way Obsama can stay in office, and steal everybodies gold and silver.

          • Patty

            They can’t confiscate if they don’t know you have it, right?

        • TIME

          Al,
          How strange that so few even know about this, Dodd & Frank law, let alone most anything thats going on, or let alone that effects their life, home and real safty.

          How bloody sad that the population of this once great nation is fooled over and over by the same worthless rhetoric from the same pretty boy IDOLS, who all look like Good Guys, but are in fact little more than Pocket Nazi’s.

          • Al Sieber

            TIME, most people don’t care.

          • Angelwannabe

            Time, Al and Jeffh, Sadly your all right!, and a lot of folks STILL don’t care.

          • Kate8

            Angel – There are people who don’t care, but there are many who would care if they knew about it.

            The problem is that we are not told these things. So much is done covertly, or “under the radar” as O put it. How can we do anything about what we don’t know?

            We (wrongly) rely on the media to keep us informed, and they tell us only what they want us to hear. I suppose in the days before the media people weren’t aware, either. We can only know what they leak out.

            Thank goodness for the internet, or we wouldn’t know anything. And then you have to search it out, which more and more of us are doing.

            I wonder how it feels to those who are supposed to represent us to know that they are selling us out. They’d have to be pretty evil to enjoy it.

          • JeffH

            Kate8, you’re so right. Without the internet and the networking and interactions through websites like PLD we’d be totally clueless. Researchers post their discoveries on these informational websites and it just becomes a matter of putting bits and pieces together. Look what info Beck has put out and we’ve never seen that stuff from anyone else. Now, we’ve seen some info surface through Ventura’s short lived show and an occassional story elsewhere on cable but most of it is learned from internet searches. I’ve learned more in the last three years than my previous 58 and I owe a lot of it to people like yourself, DaveH and a host of others who’ve been around for a long time.

          • Angelwannabe

            Kate8, I’ve been at a few folks here where we live, they’re 20-25 year olds who don’t have a clue. They know somethings wrong in America, but don’t know what it is, or why?_I gave them a few links including this site, to get’em started, it’s all I can do. We can talk til we are blue in the face, but we can’t change opinions, unless the folks are willing to listen, with not just they’re ears but an open mind as well.

          • DaveH

            Thank you, Jeff, for your kind compliment. I also have learned a lot from you.

          • TIME

            Jeff,
            Your on target I sent Beck the UN Agenda 21 intel last year 010, he did it just last week 011. I figure at this point in time he really could care less about what FOX has to say and thats why he brought it up. But he did leave the DOOR open to the viewers to look into it themself to prove what he was saying.
            As well I sent him about 20 other items, as I recall he has used 6 of them to build a show from and made mention of about 10 others all well doucmented and all 100% TRUTH.

          • JeffH

            TIME, that’s always good to know. I, too, have sent some stuff to Beck and Hannity that I thought might be relevant. It’s up to us, the people, to lead the way out of this mess…if it’s even possible.

          • Kate8

            Angel – It’s really tough with the young ones, because they have no knowlege of what America used to be like. What we have now is all they’ve ever known, even if it doesn’t necessarily feel right to them. They have nothing to compare it to, especially when they don’t even know the truth about history.

            I just saw a great movie called “Mao’s Last Dancer”. It gives a good look at what’s ahead for us in America, how communists capture the youth and manage their every move. It’s like the tethered-elephant syndrome. They don’t know any different.

          • Christin

            TIME, Angelwannabe, Al, JeffH, DaveH, Kate8,

            The thirty-something crowd doesn’t have a clue either… some welcome the gov help and don’t know the real way it was or the way it was suppose to be. Their parents have failed to leave them the legacy of Freedom and the government public schools have failed to teach them historical truths. When I try to share e-mails or truths about the gov they think I am crazy and some ignore me or tell me to have faith in God. I do trust in Jesus and the Bible tells us how this will play out. I know God is in control… and the solution we want will not come the way we want.

            If you remember the ‘Tower of Babel’ story I told some months ago…
            King Nimrod was a bad ruler who wanted to build a Tower in to the heavens. He did not tell his people what they were building, just that they were to make ‘bricks.’ Bricks are all made of the same material, same color, size and shape and most importantly made by ‘man.’ But God made us ‘unique’ in His image like ‘rocks’… we are all different colors, sizes and shapes and personalities. God hates it when Rulers make His peoples into bricks (slaves all alike), thus he must free them. When King Nimrod climbed the Tower of Babel and shot an arrow into the sky, God shook the earth. The people were frightened and God gave the brick makers (enslaved people) different languages. Each group speaking the same language went off together and all the groups of people went off in different directions. King Nimrod no longer had a people to rule over… God had given them their FREEDOM back, by making them unique ‘rocks’ again.

            God will Free us as well, but it will be through the rapture and Jesus’ Second Coming, then the 7 year Tribulation will take place with the Anti-Christ, and finally the saints (Believers in Christ) will follow Jesus on His white horse who will return to Jerusalem where He will finish off the evil ones. Next comes the Millenium, Great White Throne of Judgement, and then The New Heaven and Earth…

            Keep the faith, God is in control.

      • DaveH

        I don’t know about Wilson “unwittingly” doing anything. He did so much to further the power of the Federal Government, that I doubt very much that any of it was “unwittingly”. Politicians are liars (mostly).
        For those thinking people who would like to gain a little insight into political minds:
        http://theeprovocateur.blogspot.com/2008/12/sociopathic-politician.html

        Why else would they be so upset about Wikileaks exposing their real actions? I mean, come on, “National Security”? Like the Military State campaigning around the world, pissing off millions of foreign citizens, is “Good” for our National Security? Let’s drop the euphemism and call it what it really is — Politician Security. They do little for the average citizen.

        • Void1972

          Dave
          Wilson was one of the top three worst President to lead America. He was a true racist and socialist. He fought against communism in public, but supported them behind the scenes.
          All the head bankers that created the Fed were the same communist that started the Russian revolution and WWI. These were the same people that created the Unions, NAACP, NOW, CFR, ACLU, SEIU and every anti-American group and organization.
          I also sent Beck a book last year, and have seen his change in attitude since. Please find the time to read “To Eliminate The Opiate.” It was published in 1974 by Rabbi Marvin Antleman. Extremely interesting and factual reading.
          After reading this book, please do some of your own research. The deeper you dig, the more worms come out.
          The time has come to fight these evil men and bring them to justice, before they inflict their intent on us.
          God Bless America, and those who fight for her!!!!

        • sylviam

          Thank you DaveH, for the referral and udcation PLEASAE I WANT MORE, I too will pass on the sites to people that I know that NEEDS the truth.
          One of the comments above , ” we don’t know because we don’t know where to look” is TRUE, but I guess some just don’t care is true but I sure hope that part is wrong.
          I am NOT one of those people, and watch Glenn Beck on a regular basis & have recorded as many of his shows as I could.
          Now that he is going solo, I will not be able to watch on the COMPUTER because I do NOT have access to HIGH SPEED or DSL.
          GOD BLESS AMERICA

      • DaveH

        Speaking of Propaganda, Time, have you seen this article? Especially watch the videos:
        http://mises.org/daily/4768

        Combine this with the Whale Wars program, where private citizens are harassing Japanese whalers because they are supposedly breaking International Law. They documentary is definitely casting the harassers as heroes. But isn’t that a matter for Government officials, not private citizens? Where are the cries about Vigilantism?
        Then, of course, there is the Global Warming Hoax. And notice, as Ben pointed out in his article, these great “environmental scientists” refer to Carbon Dioxide as “Carbon” almost always in their propaganda. In all their Glory, they don’t know the difference between the element Carbon (a solid), and the compound Carbon Dioxide (a gas)?

        • DaveH

          It’s all about Power. Anybody, who doesn’t know that yet, needs to hang around this site more, and do a lot more reading.

        • eddie47d

          Dave H. always says the government should do less and the people should have more power to control their lives. The Japanese government is and has been breaking international law and doing it in the name of research for years. They even go over the fishing limits while conducting that research. They have no shame in the oceans and even China is becoming a bully in the South China Seas and moving into the territories of Vietnam and the Philippines. Both set dangerous precedences.You have stated yourself that governments are corrupt and people should change things when a government has too much control. So is stopping illegal whalers vigilantism or citizens doing what the government won’t do?

          • DaveH

            So, you’re okay with Vigilantism, Eddie?

          • eddie47d

            Are you for governments knowingly breaking the laws?

          • DaveH

            If you’ve read enough of my comments, Eddie, you would know the answer to that. From your comments, I have gleaned that you are okay with Governments (and Unions) breaking the laws.

        • TIME

          Hi Dave,

          As you know I had an office in the UK up until this spring, we closed our office and are moving to Japan. So yes I have seen first hand the absurd behavior of the UK Government in all its splendor.
          Saddly the UK as well as the Euro trash is now here infesting our youth here in the USA.

          Our nation for you that just can’t quite get it, was founded on leaving behind what was in Europe and the UK, why?
          They had no freedoms even back in the 1700′s. So why would anyone think its now somehow differant?
          Is the UK not still run by a Socialist Government?
          Is Europe not still run by Socialist Governments?

          We as a nation were the very first to break free of the Government telling you what you could wear, where you could live, what you could eat, what you could own thats why we set up a tax system that was fair it allowed Freedom and Personal Libertys unlike anywhere on the earth, and the Constitution & Bill of Rights are both still valid Doucments that outline the first single form of Government that allows the Individual citizen a voice.

          So now we have a gang of people who feel wronged by the fact that they are so bloody lazy as well good for nothing leaches who want everyone to be equal and the Government makes you safe and happy.

          Well just how odd is it that being a NAZI is so popular now? Sure they don’t wear black tunic’s with red white and black arm bands, nore do they at this point in time Goose Step.
          But then again, the Nazi’s all started off as people bringing – “HOPE & CHANGE” to the Germany people, and used Iconography to aid them in doing so.

          WOW, and where on earth have I ever heard about Hope & Change before? Oh yea as I recall a Guy named Barry Soetoro.
          How strange is it how little the German people knew about Hitler? I guess we can draw a nice crisp line next to that about Barry Soetoro and how little the populace of the USA really knows about him?
          Or is it really strange at all? Lets see Hitler wrote two books about his strugles and oddly he really didn’t write them, and so to did Barry Soetoro!

          Lets see the Gestapo hid Hitlers records and polished up a really nice looking file that was as fake as well, a 3 dollar bill. And the German people bought it hook line and sinker!

          Barry Soetoro has had his records hidden by the DOJ and a bright clean bill of sale was given out for everyone to look over.
          Oddly with our Super Computer geeks of today they have proven that everything about Barry is as FAKE as a 3 dollar bill too!

          WOW, how bloody strange is that? Cass Sunstine and Joseph Goebbles twins!

          But just look at how the Modern Neo Nazi’s who work for the Government have been able to prevert and distort and rework the truth into shadows and smoke filled rooms with a net work of Propganda supplied by the highly controlled media.
          Again all Media news starts from the AP, who owns the AP?
          The Rothschilds, who then controls all intel you get?
          Is there really anyone who thinks the media is independant in any way shape or form?

          If you do can I sell you a TON pile of road apples for Ton of 22 Kt Gold bars? If not why?

          Its the same deal your getting now, so why would anyone not want a ton of road apples as well want to give me a Ton of 22kt Gold Bars?

          Is my cover story to direct for you?
          Would you like it better if I told you if you buy these special brown seeds you can grow a Money TREE? Will that work?

          Wake up people.

          • JeffH

            TIME, you can let them dry out and use them for fire fuel to provide warmth and cook over. You might even want to make a few “road’ apple pies for dessert.

          • JC

            Jeff,
            The news today in Calgary is saying that Canada is moving to “Plastic Currency” starting with 50 and 100 dollar bills. I guess the upside is that while its still fiat currency, it may save a few trees.
            Which is good because we’ll all be heating our homes with firewood soon.

          • JeffH

            JC, plastic currency? That ought to make the enviros go ballistic.

          • JC

            Yep! An oil by-product!

            Overheard in an oil tower elevator today while seeing Stock market news on the little propoganda screen:

            “Red Arrows everywhere”
            “I think we’re in for a major crash”

            These are oil execs…

      • JUKEBOX

        I have said for some time that Obama is running a historical course that is very similar to the one Adolph Hitler followed in the thirties. Our so called educators have been teaching revisionist history for the last forty years or so, so the dumb masses fail to see what is happening to our country. Add to that the slobbering love affair that liberal TV hosts like Chris Matthews have, and the idiocy is perpetuated.

    • Al Sieber

      Thanks for your post and link Jeff.

    • Marten

      Mens sana in corpore sano!!!!!!!!!!!!!

    • http://marcum1@wildblue.net coal miner

      JeffH,
      Rothchild:
      Now you know who runs Israel and United States.Ha ha ha

    • Pete

      JeffH,

      Them bankers want their money back – the money our government and people have borrowed….

      Time to go bankrupt ! and leave town ! Ha Ha !

  • http://aol.com sean murrey ILLInio

    No i dont know anything about the Dodd frank law maybe they want to take our gold and silver away from us.i wouldnt put it pass them.

  • Warrior

    And here is the best little scheme devised by the political classes to secure their positions. Nothing like job security!

    http://governmentgonewild.us2.list-manage.com/track/click?u=d09acbc15543c8083c507e85c&id=48df90881c&e=89877d57e7

    • TIME

      Warrior,
      A great post. Now for you that just can’t quite grasp it all.
      As the link clearly showed you massive Government growth, just how strange that it also is a 100% direct parrllel to the NSDAP / NAZI Party’s Growth in Germany in the mid 1930′s!
      Yes thats rights folks the very NAZI’S you all claim you hate were the role model for our present Government, as in the Nazi’s never went away, they just went silent for a 50 years and worked behind the Curtain not unlike the Wizzard of OZZ.

      If you don’t wake up soon your body will be rotting in a hole along with millions of other’s who’s fates were sealed by their lacking mental abilities.

    • JeffH

      Warrior excellant post…share this video with your friends…

      • Dan az

        Can anyone say QE1 and QE2 and possibly QE3 now that the truth is out there where all this money has gone and what it actually financed is it a wonder why we need to get rid of the fed.Hitlers plan was to take the world by force with the very backing that we have today.This time they will do it from with in.Just look at the players that they put up for votes.They are all part of the system that are picked from the CFR.There is only one that isn’t and that is Ron Paul.Who do we need in there again?It dosen’t take a brain surgeon to figure it out.

        • Dan az

          Sorry I also have to include Gary Johnson with Ron Paul.

          • Al Sieber

            I’ll second that.

  • Disgusted

    Abolish the Federal Reserve. We need to vote government leaders that believe that as well. Ron Paul believes it!

    • DaveH

      Gary Johnson is also calling to abolish the Federal Reserve. It’s odd that CNN feared Gary more than Ron Paul. Would that be because Gary would add weight to Ron Paul’s cries for less Government? Or is it because of some other political reality, like Ron’s age, or his less than macho voice which turns off many superficial voters, thus making the Propagandists less afraid of Ron.
      My first choice, of course, would be Ron, but only because he has been fighting so long in the trenches and has 30 years of credibility in his voting record.

      • Dan az

        You are right Dave!

      • vicki

        There are 2 key reasons they fear Gary. 1 he would add weight to Ron Paul’s position but Ron’s son is already doing that. The other is that the media has not had 30 years to demonize the name “Paul” as in Ron or Rand. Gary, Like Sarah, is relatively unknown and untarnished so they naturally need to focus their demonization efforts on him.

    • wayne

      you are …abolish the federal reserve..too much power and not accountable to anyone….abolish the IRS… and Frank -Dodd needs to be repealed….anybody that wants to tax our estates @55% (bawwney frank) has no business writng any laws!

  • http://aol Mike

    What is happening in Greece today is a glimpse into our future. Henry Ford was correct in predicting revolution when the people get wise to the scam. I don’t know what such a revolution will accomplish but at best it will be very unpleasant. At worst it could result in an uncontrolled firestorm much like the French revolution. I strongly suspect that our ruling oligarchy already has that contingency covered.

    • Vigilant

      Mike,

      I think the probsbility is high that the Greek situation will lead to a debacle greater than many would predict. The situation may result in one or both of the following:

      (1) A return of “The Colonels” in a coup that may re-establish the military junta much like that of 1967–1974.

      (2) At worst, a complete collapse of the international financial system. The resources of the IMF and EU (not to forget the USA’s part in propping them up) are so strained in bailing out the bad players in Europe that a banking collapse is becoming more of a probability every day.

      • JeffH

        Vigilant, I did read somewhere, and I’ll have to look it up, that the EU is in deep pooh pooh and struggling mightily to stay afloat. They’re failing big time.

        • Vigilant

          Jeff, that’s absolutely true.

          Please see http://news.bbc.co.uk/2/hi/business/4135808.stm for a sample of their woes.

          Way back when, the accession criteria for membership in the EU included the requirement that a nation could run deficits of no more than 3% of GDP. It was the strength of the German economy and the Deutschemark at that time that made them the gatekeepers, so to speak. I remember when Germany first exceeeded the 3% limit, and nothing was really ever done about it.

          That opened the floodgates, and now the profligate spending of a number of EU nations (Greece, Italy, Germany, France, etc.) is placing not the just the stability of the EU at risk, but the financial health of the whole global economy as well.

          America’s financial viability would undoubtedly be flushed down the toilet as a direct impact of the European debacle.

          • eddie47d

            The Turkey government is trying to join the EU and their economy is doing great. Maybe they should hold off until the dust settles or they will have to pay for Greece’s troubles.

          • JeffH

            Vigilant, you and others might find this interesting.
            DOHA OUTCOME DOCUMENT/MONTERREY CONSENSUS

            DOHA OUTCOME DOCUMENT
            on Reviewing the Implementation of the Monterrey Consensus
            Introduction: reaffirming goals and commitments of the Monterrey Consensus.
            http://www.un.org/ga/president/62/letters/ffdfinal280708.pdf

          • JeffH

            I should mention that the DOHA OUTCOME DOCUMENT/MONTERREY CONSENSUS all fit within the scope of the UN’s Agenda 21 action plan.

          • Vigilant

            JeffH,

            That’s one of the scariest documents I’ve ever read. Globalism in all things: financial management, redistribution of wealth worldwide, complete loss of national sovereignty, statism at its worst.

            Thanks for the link.

          • JeffH

            Vigilant, yes it is scary. The US as a constitutional republic and the leader of the free world will become a part of this UN global plan unless we, the people, stop it. It has to be a knock down, drag out fight to the death to preserve our sovereignty and maintain what constitutional freedom is left. The people from the poorer and supressed nations are expendable in the bigger picture here. That is where the idea of eugenics and vaccines will come in to reduce the worlds population, those that can’t or do not contribute to a global society.

          • JeffH

            Vigilant, I’ll add that when you read it, it all sounds so rosey but the realities are that “man is really a beast” and the idea that we can all live together and get along is unrealistic and just a crock.

    • Harold

      NOTE ALSO: HOW ‘o’ IS WORKING TO DISARM “WE THE PEOPLE” JUST LIKE HITLER, HOW EVIL WILL HE GET?

      • JUKEBOX

        I don’t think the average person has a clue as to how evil he can be.

  • http://PersonalLibertyDigest Randy 131

    A very good article about the truth that nobody wants to admit to. But you put to much blame on Bernanke. He is the one who is making this possible, but Obama and the Democrats are the ones making Bernanke’s policies imperative. Think about it for a minute. Obama and the Democrats have been running average deficits of about 1.5 trillion dollars every year, including whats been projected for this year and what Obama is asking for next year, since Obama became President. There was not enough US currency in circulation to support the buying of US Treasury Bonds to profide the borrowed money to meet those deficits. There wasn’t even the demand to purchase that much in US Treasury Bonds, had their been enough US currency in circulation to support the buying of that amount of deficit debt. Without Bernanke doing what he did, at the behest of Obama and the Democrats, the US government would have had no choice but to balance it’s budget, and would not have been able to service it’s debt, pay all the unemployment benefits it has, provide all the food stamps it has, add all those people to the welfare roles, pay for Medicaid and Medicare, or meet the Social Security responsibilities of the government, and would have had to lay-off about half of all non-military government employees. There also would have been no need to raise the national debt limit either. The problem today is, because of Obama’s and the Democrats’ policies, we are still in the same predicament, and if Bernanke does’t institute QE3, there will be no need to raise the national debt limit and all those undesireable actions will have to occur. I don’t know for sure how we’re going to be able to solve this great predicament we’re in, but I do know for sure that we have to start by getting rid of Obama and as many Democrats as we can, in order to change those horrific policies of their’s, and start working our way back to fiscal and financial health.

    • JeffH

      Randy 131, sorry pal but I must disagree with your content. I do believe Obama and the Demcratic Party was the “hole card” in accelerating the bankruptcy of the USA and finalizing our demise for the global “One Worlders”.

      1. Obama and the Dems DON’T tell the Feds and Bernanke how to do anything.

      2. Obama, just like the presidents that preceeded him, is just a puppet for those that control the Federal Reserve and Bernanke. A “means to an end” if you will.

      3. the Democrats and Republicans are somewhat equal in all of this, partisan participants where Big Government is concerned and equally responsible

    • Harold

      I agree, the Only solution is to Dump the Dems

      • sylviam

        I think OBAMA is NOT even a DEMOCRAT, HE is using the DEM.to get the whole thing rolling so THE FED can do exactly what they want to do. NWO is on its way to being BORN. Exactly their plan for over a HUNDRED YEARS.
        BILL & HILLARY helped too but they are the “nudgers” OBAMA is “a SHOVER” all they need to do now is keep it in motion so that when we open our mouth’s is to put the deal in like a bitter PILL and SHOVE it right on down.
        This did not start when OBAMA took office but YEARS & YEARS AGO, JUST A LITTLE AT A TIME, until the right time to get the NWO in a place to strike the WORLD at one time.
        LOOK at the rest of the WORLD thats in CHAOS & TURMOIL all around.
        ITS HERE folks WE BETTER BE READY!!!!
        GOD BLESS AMERICA

  • Harold Olsen

    Comparing Ben Bernanke to Moe, Larry and Curly is totally, totally ridiculous. The Three Stooges were much more intelligent.

    • Vigilant

      And Shemp made four. Equivalent to Obama, Biden, Reid and Pelosi.

      • Harold Olsen

        How true!

        • http://Moreexpensive,moreunknowproblems. Lewis Munn

          Difference though is the Stooges it all came out to be fun and the stuffed shirts suffered a bit. Now, all but for the privileged few are going down the tubes! And there will be no records or re-runs!

      • independent thinker

        First don’t insult the stooges that way. Second there were actualy five stooges. Moe, Larry, Curley, Shemp, and Curley Joe.

  • i41

    Randy 131, you really hit the target dead on! The marxist/communist democrats have always been devaluing everything they can in the USA, but their salaries and benefit programs. It will new happen, the idea of Congress and the Prez, all having to live off of SS, have to use Medicare, cut back their salaries as all citizens have had to do. Retro activate salary rates down, as the economy deflates and gets worse, and can not increase earnings for 8 years, when economy is in the positive growth by at least 6% consistantly for 9 years. Or just take away their automatic 3% pay raise until it is voted and approved by voters, ince we are their bosses and the money givers, same goes for the over paid government employees.

  • LAW2

    Here is where I can’t decide what to do with the little money I have left….Stocks and bonds look terrible, gold and silver will probably be confiscated (again). So where to put that money to its best benefit? Am wondering if I should just put it into seed for gardens and other crops. What think you?

    • Bob Marshall

      I know what you mean. My stock is oil stock and it goes up and down like a yoyo.Thought about gold then i realized that David Rothschilds sets the price daily in London twice a day. Since the Rothschilds own more than half the wealth in the world and they love to collect gold he could work it the same way the feds do here. Then i thought about silver. Since i am retired i have to be careful and make a wize decision that will affect my finanial situtation for the rest of my life. I didn’t retire to go back to work.I have learned to do without and live on less.

      • http://Moreexpensive,moreunknowproblems. Lewis Munn

        Put it all into seeds with long viability, and find some caves to store them in. They will be better than gold when the dust
        has settled!

    • Harold

      Gardens sound good to me, can be quite relaxing too

    • vicki

      Buy lead. In those cute little brass containers. Very useful.

      • Dennis

        vicki, i like the way you think, although seeds would also be a good investment, they can’t bring down a deer, or protect you.

  • Bob Marshall

    Both Ben and Tim know exactally what they are doing. The will of the global elite.

    • JeffH

      …simply put and accurate…

    • Dennis

      Generals gathered in their masses
      Just like witches at black masses
      Evil minds that plot destruction
      Sorcerers of death’s construction
      In the fields the bodies burning
      As the war machine keeps turning
      Death and hatred to mankind
      Poisoning their brainwashed minds
      Oh lord yeah!

      Politicians hide themselves away
      They only started the war
      Why should they go out to fight?
      They leave that role to the poor
      [ Lyrics from: http://www.lyricsmode.com/lyrics/b/black_sabbath/war_pigs.html ]
      Time will tell on their power minds
      Making war just for fun
      Treating people just like pawns in chess
      Wait ’til their judgement day comes
      Yeah!

      Now in darkness world stops turning
      Ashes where the bodies burning
      No more war pigs have the power
      Hand of God has struck the hour
      Day of judgement, God is calling
      On their knees the war pig’s crawling
      Begging mercy for their sins
      Satan laughing spreads his wings
      Oh lord yeah!

      • Christin

        Well that about says it all…

        Thanks for sharing Dennis.

  • eddie47d

    The only financial knowledge that some Americans think they need to know is how to get in on the next Wall Street scam. The next best deal.That includes Bernacke and Geithner and this collaspe started way before them. Our financial advisers live in a fantasy world where they can hoodwink the public on a large scale and the government on an even larger scale. They all made millions and even billions on Stock Market Derivatives while the rest of us swung in the wind. Their morality(or lack of it) doesn’t count because they live large and far above the lives of ordinary Americans. They then take their “knowledge” to Washington and poison our well.When politicians can do that all by themselves.

    • JC

      In a general perspective, eddie I agree with you.
      “Blue Moon Day” ;)

  • home boy

    china is not the number 1 debt holder. pension funds are. look it up . and you better hope the government doesn’t default because maybe your pension will be gone.

    • http://Moreexpensive,moreunknowproblems. Lewis Munn

      A lot is already government nibbled…not getting the COL anymore!

    • Dennis

      Home Boy,
      It’s not a matter of hope government doesn’t default, its when.
      I don’t tell anybody what to do, but if you have a 401K, keep your eyes on it, sometimes it better to take the penalty than to lose it all, and it may be better to only put in the bank what you plan to write checks for, the government for the most part own’s the banks, and when they shut down it will be over night, and they will take everybodies money, a safe at home is always a good idea, the bigger the better, it can hold money, gold, silver, Gun’s & Ammo to. I’m just sayin.

  • Charles

    Ben Bernanke is not only rolled up as one in Larry, Curley and Moe.He is also rollrd up with the spooky three,Obama, The Rothschilds and
    George Soros.He is a cusin of the Rothschilds.

  • Stephan F.

    Some very good points have been posted here today but most simply dance around this most important issue without getting to the heart of the matter. And what, pray tell, what would that be?

    It matters not weather you think the Fed controls the White House or vice-versa; it doesn’t matter weather people think Bernanke is competent or not (he lies & deceives like all politicians); it doesn’t matter if the Fed is capable of doing its job or not; and it doesn’t matter whether the Fed is owned, influenced, or ran by a world banking conspiracy or not.

    What matters is simply this: the Federal Reserve is just another illegal & unconstitutional government agency created by men (well intentioned or not — it does not matter) who were handed the powers to do good or evil by voters. I’m not sure of this, but this one single govt entity has created more damage & destruction on the American economy than most other govt agencies combined. It has evolved into a Frankenstein monster that must be eliminated, and the idea of central banking should be thrown into the trash can of history and buried, to never again see the light of day.

    And how do we accomplish this? I don’t know, you figure it out. A good place to start though would be to immediately after reading this article, get off you butt & find out if your congressman has signed-on as a cosponsor to Ron Paul’s H.R.459 – Federal Reserve Transparency Act of 2011. If he already has then thank him or her, and if not, ask them to get on board and help push it through. We gotta start somewhere, right ?

  • Dons621

    There is only ONE solution Vote ANTI-INCUMBENT out of office. THE people bringing Court action against OBAMA win or lose, or his stalling action makes very little difference WAKE THE PEOPLE up. Commenting about this is fine, but action is needed, protest, Marches, group meetings. When the bummer gets fed up he will DECLARE MARSHALL LAW even if he has to stage a phony INCEDENT to “PROTECT THE PEOPLE”. The Senate if full of Traitors, they have been RAPEING US for 50 -60 years. Any of them that have been in office before 2010 need to be removed ASP by every possible means, check out their whores, shady Partners even just a hint of Scandal will do, many will jump ship with their ILLGOTTEN gains and hope to stay out of JAIL.

  • Thor

    “Last week, a Chinese ratings house accused the United States of defaulting on its massive debt by allowing the dollar to weaken against other currencies — eroding the wealth of its creditors, the biggest of which is China.” If the Chinese say it then it must be true–since they perfected the technique in the mid=90′s; in fact, if you look at their currency today, they have devalued it internally to make US products outrageously expensive inside China. They can do it because they don’t allow their currency to be traded on the open market and it is virtually unknown in all but about three countries outside China. Most folks don’t even know what Chinese currency is called–Renminbi–and have never seen it. The Chinese have manipulated it internally to suit themselves since they have been exporting; and that, along with import restrictions give them a home-court advantage…always. But, outside China, they convert everything to dollars and when the value of the massive amounts of US dollars they keep on hand goes down…well, they get pissed. If anyone should recognize currency manipulation, its the Chinese.

  • Dan az

    Yes, there are consequences to high priced government employees, unions and the like, resulting in living beyond one’s taxable means. It would be the same for any individual who maxes out their credit cards where there choices are defaulting on the cards, or borrowing from someone to stay afloat a little longer. But without a change in how one got there to begin with, the same problem will occur down the road. As for Greece, relying on the Angel of Death represented by the IMF is no plausible solution.

    So, how do you feel about bailing out Greece at the expense of our own nations needs, knowing full well it benefits a select few and will result in a worse off situation for the citizens of Greece?

    Ron Paul concludes:

    The IMF and other complex schemes only serve to obscure the real issue: Why should US taxpayers be forced to send money abroad? Certainly the Constitution provides no authority for foreign aid. In historical and practical terms, redistribution of wealth from rich to poor nations has done little or nothing to alleviate suffering abroad. Only free markets, property rights, and the rule of law can create the conditions necessary to lift poor nations out of poverty.

    It’s time to hold your congressmen and women accountable folks. It’s time to say “I’m Fed Up!”

    • JeffH

      Hear Hear!

    • DaveH

      Politicians have been trampling on the Constitution since its inception. In fact while the Freedom Fighters were even still alive (e.g., the Alien and Sedition Acts 1798), the politicians were ignoring and distorting the Constitution.
      The question is, how do we wake up the people to the lawlessness of the Government?

  • http://www.1600watch.com Bruce Kolinski

    Thank you. Excellent summation of which paddock the U.S. and “we the sheeple” have voted to live in.

    What on earth are we thinking…or not thinking?

    • DaveH

      It’s human nature to seek the path of least resistance until things get so bad that they can no longer be ignored.

  • HAOLEBOY

    THIS WOULD MAKE HIM THE MAIN STOOGE DIRECTING THE REST OF THE STOOGE’S
    IN POWER AT RUINING OUR FREEDOM AND COUNTRY

  • Munk

    When Bernake initially increased the Money Supply, he reasonable believed that the infusion of cash would ease credit and stimulate consumption. Strangely, the opposite happened, the banks having received the money, further tightened credit, refusing to lend money to consumers and businesses, putting their cash into government investment, which placed the money right back into the government hands. Thus, the infusion of cash did not fully circulate through the economy with the economy experiencing very little growth. This was unexpected. It appears as if the banks managers themselves do not believe that the economy can recover and are now taking as little risk as possible, with many consumers following their lead. I don’t know why this happened, but you cannot blame Bernake for it.

    • Dan az

      Your name says it all you have been hidden form the truth for to long.Look at his history not just what he has been doing now but before.Sure he is not the only fall guy on this corruption he is only a pawn in the game.Do some research on his past and follow the money.

      • JeffH

        Dan az, you do know there were more than three stooges don’t you?

        • Dan az

          I remember shep (harry palm reid) but I can’t remember where pelousy came in.Was it that goat that sometimes came up in the scene?

          • JeffH

            Wasn’t there one named “Munk”? Maybe I’m getting monkey tool and Munk confused.

    • DaveH

      You have to be kidding, right Munk? The head of the Federal Reserve didn’t know that they couldn’t create a good economy by printing more money? There would be NO poor countries if that worked.
      You need to take some time to read this FREE online book:
      http://mises.org/books/Rothbard_What_Has_Government_Done.pdf

    • LAW2

      Yes we can blame Bernanke, because at the same time they increased the money supply they also changed the regulations on the banks requireing them to hold additional reserves so there wouldn’t be any more “too big to fail” scenerios. Go ask your local banker about the new reg’s and how it affects their ability to loan. It will amaze you how many things they cannot do now that have been standard lending practices for the past 20 years or so.

  • Dan az

    If your fed up then at least go here and look up your candidate for your state and start doing what is right rather than complaining about it.We need the right people in to make the right decisions,even if we can get Ron Paul in,we need the congress to make the right decisions,and with out them we have accomplished nothing.

  • Dan az

    All of us have been born and raised within a statist box, one in which the federal government’s primary roles are to take care of people, regulate their economic activities, and maintain an overseas military empire that intervenes in the affairs of other countries.

    Both liberals and conservatives have come to accept this statist box as a permanent feature of American life. Even worse, they have convinced themselves that life in this statist box is actually freedom.

    What makes libertarians different from liberals and conservatives is that, although we too have been born and raised within the statist box, we have broken free of it, in an intellectual and moral sense. Moreover, unlike liberals and conservatives, we recognize that statism isn’t freedom at all. It’s the opposite of freedom. Genuine freedom, libertarians contend, entails a dismantling of the statist box in which we all live.

    • Libertarian

      Excellent definition, Dan!

    • vicki

      It is not that we have broken free of the box. It is that we SEE the box and know it is our prison. The first step in disarming a trap is to be aware of the trap.

      • Dan az

        So very true!

  • Dan az

    Here’s another example of how different libertarians are from statists in the realm of economics — the concept of the managed economy. What is the standard debate that takes place between liberals and conservatives in the political arena? It is that the party in power has “mismanaged the economy.” Most of the time, the accusation is directed at the president. When President George W. Bush was causing federal spending and debt to soar through the roof, what did the Democrats say? “He’s mismanaging the economy!” And what have Republicans been saying about President Obama’s exorbitant federal spending and borrowing ever since he took office? “He’s mismanaging the economy!”

    The entire process is simply a game in which voters transfer power back and forth between the two wings of what is really just one big political party — the Statist Party.

    Sometimes, liberals and conservatives will ask libertarians, “What’s your plan for managing the economy?” Our answer: “We don’t have a plan for managing the economy,” which causes statists to go ballistic. They respond, “Oh, you libertarians are so impractical. How do you expect to win elections if you don’t have a plan for managing the economy?”

    Well, there is a very simple reason that libertarians don’t have a plan for managing the economy. We don’t believe that it’s a rightful role of government in a free society to manage the economy. We believe that people should be free to manage their own economic activity and that government should stay out of the process entirely.

    Thus, there are fundamental differences between libertarians and statists over the concept of freedom and the role of government in a free society.
    So people make up your own mind of which party to support but remember they are one and the same.My self I vote for the only ones that support true constitutionalism and thats http://libertarianparty.org/platform

    • DaveH

      Good Work, Dan.

    • Pete

      Right On Dan !

      Libertarians have the right idea. Socialism doesn’t work, unless your Swedish ….

  • Mike

    Their agenda has been to make the U.S. into a third world country – they’re not far off. They also helped create sites like this where people get lost in discussion & argument. That provides a constant focus on negative energy, which feeds their “beast”!
    Stop talking & start doing! The U.S. people can buy back our Fed for $250 million. Take up a collection & let’s get it back!!!
    Bernanke & all of those Ashkenazi fool’s banking cabal (as in Cabala) needs to be wiped out! That’s the ONLY way we’ll be able to wipe the slate clean & start over.
    I say again – their plan has been to attack us, & all other countries, economically, politically, religiously, educationally, & socially. Why else would there be “social engineering” facilities like Tavistock, The Brookings Institution, The Aspen Institute, etc. Look at their Boards of Directors – it makes things clearer & clearer!

    • vicki

      We are NOT lost in disscussion nor arguement. We are using the first of the 4 boxes intended to protect liberty. The soap box. We do it to help others to properly use the 2nd and even the 3rd boxes (Ballot, Jury).

      Now as to your proposal. Who is selling the fed? Show me the seller and maybe we can get the 250 million dollars together to buy it. 250 million is less than $1 per person. A family of 4 would only need to put in ~1 happy meal worth of money.

      So Show us the seller.

      While we wait I think we will continue to try to wake up the masses.
      (steps down from her soap box for a moment)

  • Munk

    DaveH-

    I am talking about Monetary Policy as practiced by all central banks, including the Federal Reserve, and as implemented by Mr. Bernake. These central banks create money in the national banks account (other than depositor’s money) by buying short-term notes (which they previously allocated to the banks free of cost) from the banks. This is purely a paper transaction resulting in a credit to the national banks accounts for the total amount of short-term notes that the Federal Reserve “purchased.” This infusion of cash, increases the Money Supply. Under normal circumstances, an increase in Money Supply should stimulate the economy. In this case, the stimulus was anemic, and all I am saying is that it is not fair to blame Mr. Bernake since the policy he implemented was reasonable.

    • vicki

      Printing money to create wealth is a fools paradise.

    • Dan az

      Munk
      I’ll tell ya what,Go to this site and read it and then come back and explain what you just said and prove to us you have some credibility.OK?

    • DaveH

      Munk,
      How do you suppose that creating extra money, thus diminishing the value of the existing money is going to “stimulate” an economy? All the money printing in the world wouldn’t create a better economy. The wealth of a nation is based on goods and services. More money does nothing to create those goods and service. As I said earlier, if it did, any ignorant country leaders could just print more money and have great economies. When the new money is created, yes the lot of the immediate recipients is bettered (banks, government, etc.), but they are bettered at the expense of the rest of the outstanding dollar possessors whose money becomes subsequently worth less.

    • http://Moreexpensive,moreunknowproblems. Lewis Munn

      Munk,

      Can we elect you? Running on a platform to print each and every one a quintillion dollars so we are all rich? Then everybody will be essentially equal; a few millions will not even buy an extra bauble!

      And if we keep it secret, when the money hits we can all buy China and own it!

  • DaveH

    You really need to read that book, Munk. The more citizens who understand money matters, the better are our chances to save our country.

  • Rosco1776

    It’s time for a change from the top down. Ron Paul 2012!!

  • azwayne

    Get all these Bilderberg plants out of our government. Bernanke out, geitner, out, congressmen such as sen Mccain, out of the white house. We don’t want and can’t survive the NEW WORLD ORDER, get their puppets out of our government. We MUST.

  • Munk

    Ok Guys-

    I read the website and I see were you are coming from. However, there is no disagreement between us. Actually printing money is super-inflationary unless it is done to replace worn bills that were destroyed. Mr. Bernanke did not print or authorized the printing of any treasury notes. Instead, he ordered the Federal Reserve to purchase short-term obligations from the national banks, crediting these banks accounts for the purchase. The result is an increase in the national banks account. It is akin to me depositing a check into you bank account without funds, the difference is when you present the check to my bank, I had better have funds in my account to cover the check. This does not happen with the Federal Reserve, they simply credit the national banks account for any amount of money. The Money Supply increases but NOTHING IS PRINTED! The late Milton Friedman was a Monetarist and believed in Monetary Policy. So is Mr. Bernanke. All I am saying is that his conduct was reasonable under the circumstances, even though the economy did not react fully as expected. We had some growth but it was weak and we are now appearing to be headed for a recession. Quit beating up on me for giving Mr. Bernanke a fair shake.

  • http://www.moneyteachers.org/Silver+Shortages.htm Pat

    The People’s Bank of China (PBOC), the central bank, announced today that it will issue more gold and silver commemorative coins featuring the giant pandas to meet soaring demands for precious metals!

  • Munk

    To DaveH-

    You are correct that increase in the money supply other than demand deposit are inflationary. However, this is hoe our political and financial leaders manage the economy via monetary policy: 1) When the economy is sluggish, they increase the money supply with the expectation that the increased money will move through the economy, speeding up the cycle. 2) When is speeds up too much, they reduce the money supply to slow down the economy. All this works beautiful in mathematical and calculus models, problem is they cannot accurately predict the citizens behavior or necessarily obtain the citizens cooperation (witness this forum.) Until we can come up with a better solution, this is the way the government allows the Federal Reserve to use monetary policy to manage the economy, by creating inflation or deflation, as needed.

    • DaveH

      The Federal Reserve was created in 1913 with the mandate to save us from economic calamities. Sixteen years later we had the biggest and longest economic calamity in the history of our country. And now this current calamity.
      Face it, Munk, we’ve been lied to.
      The best thing Governments can do when faced with economic crashes is to get out of the way and let the excesses of the bubbles (usually created by Federal Reserve monetary policy, by the way) correct themselves as quickly as possible with liquidations of mistaken investments by both individuals and companies of individuals.
      Instead, the Federal Reserve and the Government reward the mistake makers by subsidies and other forms of protection, and the rest of the people who did things right are faced with paying the bill through taxes, or even more insidious, Debt, which puts future generations of people on the hook for waste that they had no part in, or vote on. Saddling future generations, for a bill they had no part in, is just plain immoral.

      • DaveH

        Since the Federal Reserve was created, the Value of the dollar has decreased 98%. In other words, with one dollar today we can buy only 2% of the basket of general goods and services that would have been purchased with one dollar in 1913.
        Even the Government’s own biased inflation calculator puts it at a decrease in value of 95% (or only being able to purchase 5% of the goods and services that could have been purchased in 1913 with a dollar).
        Is that fair for the Mom and Pop savers who thought they were saving for a comfortable retirement?

  • t. p . bar. Numm

    “GK 2 yr notes 28%”
    EU bnks hold much in GK debt.
    p i . m . . co fund selling treasuries, plans to short ‘em.
    -
    Gardens + veg? in remote valley? how will one defend against
    thieves?

  • Munk

    DaveH-

    I agree with what you just wrote, but I am sure you realize that our economy as envisioned by the Founding Fathers already “jumped the shark.” The question is what do we do? Should the government continue to kick the can down the road? That is coming to an end very soon, and the government will kick no more. Our Laisser-Faire, market driven economy ceased to exist long ago. No one takes responsibility for their mistakes. I look back with deep regret that we in our youth did not do more to eradicate the socialistic bent in our institutions of higher learning. But, Mr. Bernanke is no socialist. He is merely playing the best cards he has given the “bad hand” he received.

    • JeffH

      Munk, are you aware of who, how and why the Federal Reserve was created? Can I suggest this website to you? Bernanke is a party to all of this, an insider.

      The Federal Reserve Fraud and the “Invisible Government”

      http://www.healthfreedom.info/Federal_Reserve_Fraud.htm

      HOW DID ALL OF THIS GET STARTED? Briefly, the Federal Reserve system was created by international banking families such as the Rothschilds, Warburgs and Rockefellers. This international banking cartel creates “money” out of thin air. It only costs them a few cents to print each Federal Reserve Note “dollar bill”, and then they “bill” the American people for the full face value of the note. Then to add insult to injury, they charge us interest to borrow their so-called “money”.

  • Dan az

    Munk
    look at the history of the feds and where we are now.
    One of the greatest coverups in history was the Killing of the President. If you believe the Mafia did it, then I have ocean front land in Kansas for you to buy. President Kennedy was murdered over money, $4 billion dollars worth. You see, he had printed $4 billion worth of non-interest bearing money which meant he began to chop at the profits of the vultures. Interest free money means the national debt is eliminated and the power of the international banking element is broken. So to prevent Kennedy from abolishing the illegal Fed, he was assassinated. Coincidence? As soon as the traitor Johnson was in office, he recalled all the debt free notes and continued our country in the same path of ruin. There, the mystery of the killing is over. Just follow the trail of the money.
    Try this site for more information don’t always believe what your told do your own research.
    http://www.scionofzion.com/federalreserve.htm

  • Robert Hauser

    So what’s news? …..some people in this country knew all this back in the ’20s but no one listened to them. The people in this country seem to derive a masochistic thrill out of being sodomized bow-legged by the most corrupt and self-glutting regime in the universe.

    If we had any excuse for a true American in the White House, the so called “federal reserve bank” would be immediately seized by force, all of its officials would be detained and held w/o bail pending indictment for the crime of treason. But don’t look for something like that to ever take place in this palsied country where 99% of the people would eat their own stool right out in front of the main post office at high noon if merely asked to do so by some “authority” figure. America is dead meat. Face it.

  • Pete

    I think y’all are gonna get what you deserve. We should have voted Libertarian years ago. A Libertarian majority in Congress with a Libertarian President maybe 20 years ago would have diverted us from this mess ….

    Now I don’t want any of you committing suicide or getting depressed. As far as I can see it THEIR IS NO HOPE !

    Take a deep breathe .. I’m going shopping at the Liberty Store. KNOWLEDGE IS POWER. I need to learn how to survive while all heck is breaking loose. Cause it is happening right now !!!!

    The BANKERS (like the Fed Reserve) are going to put our land (now their land, because we are defaulting on our debts) and countries assets up for sale. We might even be sold into perpetual financial slavery …..

    We knew it was coming, but enjoyed our time in Vanity Fair. Now like the prodigal son, we are broke and their is no loving father to go home to – because he’s broke too !!!

  • James

    I believe Ben Bernanke is masterminding our financial collapse. The debt system is doomed to fail. No new money can come into existence unless someone or some business borrows it, thus our debt is always more than the money in circulation. This leads to bankruptcies, and when too many people and businesses borrow too much money, all it takes is for one segment of the economy (like the housing industry) to go belly up and the entire economy collapses.
    I agree that until that happens and that massive debt is either paid for or cancelled, there will be no economic recovery.

  • Charles

    Follow the money and remember what I told you.Ben Bernanake is a
    cousin to the Rothschilds.

  • AmericanRay

    He is hurting retired people who live on the interest they earn and spend to help the economy. If interest rates where higher we would spend more and this would move the economy

  • Bob Marshall

    Ben bernanke April 2 2008 I see little growth for the US economy. Ben bernanke June 24 2011 I see little growth for the US economy.

  • armyblue

    The banking families were on both sides of WWI some in England, others in Germany, made a “killing.” Jefferson’s tomb stone, “I killed the banks.” No more cookies and coffee for the common citizen visiting them, just exorbitant rates that favor them. Sometimes your better off at the casino. Yes, Kennedy wanted to put the Fed’s on hold and, of course, he was a threat. The people in DC are in for a train wreck. The ones who will see it and feel it are us, common person.

  • http://www.oneview.com/url/34999463/ Lydia K.

    I enjoy what you guys are usually up too. This type of clever work and reporting! Keep up the very good works guys I’ve you guys to my blogroll.

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