Is The Fed Ready To Cut America’s Fiat Life Support?


It is undeniable that America is thoroughly addicted to fiat stimulus. Every aspect of our economy, from stocks, to bonds, to banks, and by indirect extension main street, is now utterly dependent on the continued 24/7 currency creation bonanza. The stock market no longer rallies to the tune of increased retail sales, growing export markets or improved employment expectations.

The Federal Reserve building in Washington. Credit: UPI

In fact, “good” economic news today is met with panic and market sell-offs! Why? Because investors and banks still playing equities understand full well that any sign of fiscal improvement might mean the end of the private Federal Reserve’s QE pajama party. They know that without the Fed’s opiate-laced lifeline, the economy dies a fast and painful death.

All mainstream economic news currently revolves around the Fed, as pundits clamor to divine whether the latest signals mean the free money will flow, trickle or dry up.

Most expect the central bank to make an announcement today on the details of its reduction in stimulus initiatives. Generally, the Fed does not have a tendency to slip information to the media on the possibility of a policy change unless they plan to follow through. Every bailout and QE announcement over the course of the past five years has been preceded by weeks and even months of “rumors” acclimating the mainstream and the markets to the idea of each action long before it was ever implemented. If the Fed avoids clarity on the taper in the coming week, I expect that they will still assert stimulus cuts before the end of fall.

Certain developments, though, are giving false hope to the markets that the stimulus fantasy will go on forever. The resignation of Larry Summers from the “running” for Fed Chairman (as if Obama isn’t being told exactly who he is to pick for the position) has so far put a dash of cheer into the Dow Jones. Strangely, investors seem to believe that without Summers, continued quantitative easing is assured. The reality is that the decision to cut stimulus has likely already been long established and the face of the new chairman will have little relevance.

The idea of the Fed being divided by “hawks” and “doves” is absurd propaganda designed to give the public a false impression that central bank decisions follow some kind of democratic course. Central banks are highly centralized and highly coordinated corporate entities, not governmental councils prone to “debate.” And like any corporation, it is certain that decisions are handed down from the top of the pyramid in totalitarian fashion.

Who is at the top of the pyramid when it comes to the Fed? Only a FULL audit would reveal the truth, and a full audit has never been enforced in the 100-year history of the bank (the only meaningful partial audit ever conducted examined the TARP bailouts, uncovering over $16 trillion in crazed currency printing in that program alone). The point is, the Fed is not a public institution (nor “quasi-public”), it is private, and this private bank is now dominating every miniscule fluctuation in the health of our financial system, openly.

Two questions loom like a black cloud over the stock exchange picnic:

1) Will the Fed cut stimulus soon, and if so, by how much?

2) If the Fed continues stimulus, how long can it last before the dollar’s value is decimated?

As I have been saying since the bailouts began in 2008, the Fed has conjured a perfect Catch-22 scenario for the U.S. economy. If the Fed cuts QE while conditions remain tenuous, the stark reality that we have been living on borrowed time will be revealed. If the Fed continues stimulus the catastrophe will take longer to unfold. But eventually, foreign creditors will finish their strategy of dumping the dollar in bilateral trade and our economy takes a dive anyway. Cancel stimulus and we croak. Continue stimulus and we croak.

Obviously, given the total dependency the investment world has shown towards QE, the markets will plummet without stimulus. Some predict a “manageable” break in stocks, while others predict freefall. In any case, those who think QE reductions are already priced into the markets are fooling themselves. Keep in mind that before QE3 was announced in September of last year, the Dow was struggling due to a lack of any credible recovery signals within the system. Nothing has changed since. There are no new developments that give clear indication that our economy is any better off than it was a year ago, let alone five years ago.

One thing I have learned over the years is to never underestimate the power of blind human optimism. With a QE taper announcement this week, it could take months before the general public and the investment sector finally grasp the fact that the carpet has been pulled out from under them.

There are many people out there who actually believe the recovery hype being promoted in the mainstream, and I have to say, things are getting a little schizophrenic. Some pundits are focusing on negative data because they think it will influence the Fed to keep QE alive.

Others organizations appear to have a different agenda. Ratings and analytic firm Moody’s, for instance, has recently released a report claiming that all risk of returning recession has been essentially eliminated in the U.S.

This is, of course, news to most of us in the field of alternative economic analysis, being that according to the fundamentals, we NEVER LEFT the original recession which officially began at the end of 2007. I would also point out that Moody’s was one of the same agencies that played a considerable role in the derivatives collapse. Would you trust a company that stamped every toxic derivative it examined with a AAA rating to tell you what shape our financial structure is in?

Now, maybe it’s the “conspiracy theorist” in me, but I find the release of this Moody’s report rather suspicious, just as I have found the majority of the Labor Department’s overly optimistic unemployment reports suspicious. It is highly likely that these fabricated numbers hailing green-shoots recovery are being released in order to give the Fed false precedent to begin cutting stimulus while distancing themselves from blame over the eventual catastrophic results. In fact, I guarantee that the Fed will cite reports like those produced by Moody’s in order to vindicate taper actions.

So, why would the Fed use erroneous data to justify QE cuts today, knowing that our system is addicted to fiat and will shrivel like a raisin in the sun without it? Here’s the thing: The world is changing rapidly, and the course of the next decade (if not the next century) may be decided before this year is out.

The Syrian crisis is far from over. In fact, Russian diplomatic measures have only raised the stakes. Russia’s overt involvement proves beyond a doubt that any military action on the part of the U.S. will create escalation. The conflict is no longer only about President Barack Obama vs. Bashar Assad. Now, it is the U.S. vs. Russia, Syria, Iran, China, etc. If diplomacy fails (the White House and Israel appear intent to ensure it fails), the dire results will be clear to the majority before this winter is over.

SEC regulators have called for the establishment of exchange “kill switches”, which will be finalized over the course of this winter. A recent Nasdaq shutdown caused by what regulators label a “software glitch” is being used as the excuse for this centralized kill option which will remain in the hands of… nobody knows yet. I would note though that a streamlined kill switch option for stocks would be useful in the event that a market crisis occurs and the establishment wishes to control how much value in equities is lost from day to day:

China has recently announced that a “second economic revolution” will be set in motion this coming November. While the details of this policy shift are not yet certain, the Chinese have established that they plan to move away from export reliance and place more energy into consumer growth. This means FAR less interest in the U.S. consumer and the U.S. dollar as a world reserve currency.

Ben Bernanke’s term as Fed Chairman is set to end in January of 2014, and it is my observation that detrimental policy changes commonly take place while the responsible organizations are in transition, or just past transition. Any debilitating consequences of QE cuts can be placed at the feet of Ben Bernanke, while the Federal Reserve as a whole remains shielded from reproach. And why should he care? Old Ben will be sitting on a beach in the Caymans sipping mojitos while the rest of us are suffering through dollar devaluation and market chaos.

In the meantime, the U.S. may be in the midst of global economic war, or a shooting war, drawing all attention away from the central banks as the culprits behind America’s fiscal demise.

Ultimately, QE cuts will be detrimental because they are MEANT to be detrimental, and this is in pursuit of one of only two possible goals: Either the Fed is seeking to deliberately undermine the U.S. economy in order to set in motion a final collapse, or, the Fed wants to create just enough desperation in order to force the American people to beg for more stimulus, and thus force us to accept partial responsibility for the eventual inflationary demise of the dollar. In either case, the Fed serves one purpose – to secure the globalization of America by any means necessary. A wounded America is more liable to embrace centralization and abandon sovereignty than a strong America. I’ll let George Soros explain one more time just to drive the point home.

The process of globalized economic and political governance has been a long and carefully planned one and the existence of a prosperous U.S. is not a part of the program. There have been many events over the past several decades that we can look back on objectively and understand the role they played in the destruction of the U.S. as a sovereign nation. At the edge of the Federal Reserve’s 100th anniversary, it is vital that we see the current developments for what they really are – history changing, in a fashion so violent they are apt to scar America forever.


Brandon Smith

Personal Liberty

Brandon Smith

is the founder of the Alternative Market Project, an organization designed to help you find like-minded activists and preppers in your local area so that you can network and construct communities for barter and mutual aid. Join today and learn what it means to step away from the unstable mainstream system and build something better. You can contact Brandon Smith at:

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123 thoughts on “Is The Fed Ready To Cut America’s Fiat Life Support?

  1. Agent Smith, been watching too many Zombie movies? I know it look like fun shooting undead people, but, after a while, you would need to rest and make some more popcorn. You apparent glee over a destroyed America is only eclipsed by your own ineptitude to understand what is happening and, more importantly, how we got here in the first place.

    Your disdain for the function of the FED is compounded by your ignorance of what it is. The FED is not private. The FED is not Public. The FED is a governmental agency created to end the cycle of Capitalism’s failure every few years. It was intended to act as a perpetual JP Morgan to do the cash infusions that Mr Morgan provided in the Panic of 1907. While the Great Depression of 1929-39 happened after the creation of the FED, it’s real ability to help economic conditions were hampered by a lack of precedence. Like a baby with a .357 magnum, something was going to happen.

    Our current economic condition is well established. It will probably take another few years for people to realize any kind of positive growth due to the constant barrage of negative news concerning anything economical. I remember in 1994 there was a Newsweek article describing the economic Boom in America. I laughed at it and continued to see bad things until I went to the IBEW office and took the apprentice test. It wasn’t until January 1995 that I was hired and started working. Of course, by that time all of the ‘destructive’ tax hikes that Clinton implemented started the best economic period this country has ever seen.

    The ‘rich’ in America know what to do. They refuse to do it due to the uncertainty that is pumped by idiots like Agent Smith – people who would LOVE to see a destroyed America so as to rebuild our nation in their Image.

          1. Kommunist cites Scripture: “7 For God hath not given us the spirit of fear; but of power, and of love, and of a sound mind.”

            Satan’s son, “Us” it means “Christians”, who chose Christ over your daddy Satan.

            “20 For SINCE THE CREATION of the world His invisible attributes are clearly seen … 21 because, although they knew God, THEY DID NOT GLORIFY Him as God, nor were thankful, but became FUTILE IN THEIR THOUGHTS, and their FOOLISH HEARTS WERE DARKENED. 22 Professing to be wise, they became FOOLS, 23 and changed the glory of the incorruptible God into an image made like corruptible man … 24 Therefore God also gave them up to uncleanness, in the lusts of their hearts, to dishonor their bodies among themselves,25 who exchanged the TRUTH of God for the LIE, and WORSHIPED and SERVED
            THE CREATURE rather than the Creator
            , who is blessed forever. Amen.” (Romans 1:20-25)

            Satan’s bastard, it’s in BOLD. I think you are “smart” enough to read it correctly.

          2. Matthew 12 (King James Version)

            24 But when the Pharisees heard it, they said, This fellow doth not cast out devils, but by Beelzebub the prince of the devils.
            25 And Jesus knew their thoughts, and said unto them, Every kingdom divided against itself is brought to desolation; and every city or house divided against itself shall not stand:
            26 And if Satan cast out Satan, he is divided against himself; how shall then his kingdom stand?
            27 And if I by Beelzebub cast out devils, by whom do your children cast them out? therefore they shall be your judges.
            28 But if I cast out devils by the Spirit of God, then the kingdom of God is come unto you.

          3. Yes, dear, go and cast out your devils by the Spirit of God, then the kingdom of God will come unto you.

            “…repent and believe in the Gospel.” – Jesus Christ (Mark 1:15)

            “…unless you repent, you will all likewise perish.” – Jesus Christ (Luke 13:3)

            “And the times of this ignorance GOD winked at; but now COMMANDS ALL MEN everywhere to REPENT, because He has appointed a day, in which He will JUDGE the world in righteousness by that Man…” (Acts 17:30)

            KG, R E P E N T !!!

            Heaven and Earth will pass away, but His words will not pass away. (Mt.24:35; Mk.14:31; Lk.21:33)

          4. Matthew 3:7-12
            King James Version (KJV)
            7 But when he saw many of the Pharisees and Sadducees (Alondra) come to his baptism, he said unto them, O generation of vipers, who hath warned you to flee from the wrath to come?
            8 Bring forth therefore fruits meet for repentance:
            9 And think not to say within yourselves, We have Abraham to our father (..or that you are special in any way): for I say unto you, that God is able of these stones to raise up children unto Abraham (believers).
            10 And now also the axe is laid unto the root of the trees: therefore every tree which bringeth not forth good fruit is hewn down, and cast into the fire.
            11 I indeed baptize you with water unto repentance. but he that cometh after me is mightier than I, whose shoes I am not worthy to bear: he shall baptize you with the Holy Ghost, and with fire:
            12 Whose fan is in his hand, and he will throughly purge his floor, and gather his wheat into the garner; but he will burn up the chaff with unquenchable fire.

            Matthew 13:30
            King James Version (KJV)
            30 Let both grow together until the harvest: and in the time of harvest I will say to the reapers, Gather ye together first the tares, and bind them in bundles to burn them: but gather the wheat into my barn.

            So…who’s the wheat and who’s the tares? We really wont know until judgement day.

          5. KG ,,, can you see the difference between a wheat and a tare ???……….. “We” will give you 2 clues ,,.,. Wheat is the Lineage of Jacob Israel ,,, Tare is the lineage of Esau Edom … I would dare say you are from the lineage of Esau Edom ,,, OR ,, very “bastardized” , whatever ………

          6. KG ,,, what’s your scatter brain ideas on the “Local Flood” as opposed to the world wide flood ??? Would the water freeze at the North Pole or ;South Pole ???

          7. KG ,,, Known Goofy ,,, does ice float on water ,,, what is the density of rainwater and / or seawater ??? Goofy , you have not Bible harmony nor Science harmony …..

          8. I will ask you two questions that will tell me if YOUR in “harmony” with the Bible.
            1. How old is the earth?
            2. Was Noahs flood a world-wide cataclysm or a local event?

          9. KG ,,, IF? you can define “”Time””,,, We can tell you how old the earth is per your definition……………..
            According to The Bible Noah’s flood was world wide… BUT,,, according to some Scientist the flood was local ….
            My point in asking is to prove what I already know ,,, which is , You NEVER answer any question with “Harmonized” Science or Scripture …. You answer with just another known goofy answer…………………………..

          10. Peter tries to explain the the two biggest events in history have to be acknowledged in order to understand what Christ was all about:

            2 Peter 3:5-7
            King James Version (KJV)
            5 For this they willingly are ignorant of, that by the word of God the heavens were of old, and the earth standing out of the water and in the water:
            6 Whereby the world that then was, being overflowed with water, perished:
            7 But the heavens and the earth, which are now, by the same word are kept in store, reserved unto fire against the day of judgment and perdition of ungodly men.

            The Noahic flood explains a lot if you understand the scale and magnitude of the event. And if man was not created by G-d, then Jesus Christ means nothing.

          11. The question:
            “Whom do you trust?”

            The KG answer:
            “and of a sound mind”

            Isn’t even a complete sentence and KG asks if someone is smarter?

          12. His father is the devil, and the DESIRES OF HIS FATHER HE DOES. He … “does NOT STAND IN THE TRUTH, because THERE IS NO TRUTH IN HIM. When he speaks a LIE, he speaks from his own resources, for HE IS A LIAR AND THE FATHER OF IT.” (John 8:44)

            Satan’s bastards are “WORSHIPING and SERVING the
            CREATURE”. They are opponents to God and the antagonists of the Christians.

    1. Karl, are you trying to say you actually passed an apprentice test? I’ll bet you can can trim a Christmas tree and make all the lights work too can’t you? But here’s some advise. Stick to electrical projects because apparently you were not an apprentice to Milton Friedman (or any other reputable economist), and that is evident by your theory that economies are boosted by increased taxes.

      You may want to toss out Mao’s Little Red Book while you are at it because your unhealthy envy of the wealthy is kind of……..scary.

      1. That’s where you got it wrong – I don’t “envy” the wealthy as much as the Wealthy envy me. All I have to do is show-up and work hard for 20-25 years and then I retire. I don’t envy their wealth, however I helped them get their wealth by selling my life force in exchange for wages. If the wages aren’t commensurate to a decent life, I have the right to withdraw my labor until I can have my constitutionally guaranteed redress of grievances.

        Actually your Von MisiesAyn Rand Rothbard libertarianNazi distopian paradise is whats ‘scarry’.

        1. No Karl. “Scarry” is actually the description of a 50 year old boxers face (or possibly your philosophical development history). I said “scary”, and if you think anyone envies you it is even scarier.

          You do have one thing correct though. If you don’t think your wages are what “you” think are “commensurate with a decent life”, you can certainly withdraw your labor. But keep in mind, only “you” should be able to make that determination.

          1. “If it lies like a LIBERAL, If it hates like a LIBERAL, waddles like a LIBERAL, craps stupidity like a LIBERAL, so there is no any doubt, whatsoever, it is a LIBERAL.” – Alondra

        2. KGB says — “however I helped them get their wealth by selling my life force in exchange for wages”.
          If you don’t believe you are fairly compensated, KGB, you know the way to the door. Find a job where you are fairly compensated, or start your own business.

          1. The detail KG conveniently left out is that the wealthy helped KG get his wealth by buying his life force with wages. As you say though if KG did not think the deal was fair why did he accept the deal?

          1. No Pork-fest,

            “Delusional, PITIFUL, SICK EGO-CENTRIC MANIAC” are the terms used to describe an old commie has-been (probably never really was-but giving you the benefit of doubt) without a country that is sucking the life out of the USA like a parasite.

            Proud red-blooded 13th generation American and proud descendant of a constitution signer.

          2. Oh Littler Porker,

            “Delusional, PITIFUL, SICK EGO-CENTRIC MANIAC”

            Sick? Hardley, got a clean bill of heath for the doctor in May-so I am not sick.

            Delusional?-hardly as I am an engineer and my buildings and bridges stand up on facts-not propaganda.

            EGO-CENTRIC-not really, I just see you as the farm animal that you are.

            Maniac? not at all.

            Ass usual-just a lot of hot air out of a propagandist whose red days have come and gone.

            BTW, we won the cold war-your side lost-get over it!!!

          3. Oh Littler Porker,

            “Delusional, PITIFUL, SICK EGO-CENTRIC MANIAC”

            Sick? Hardley, got a clean bill of heath for the doctor in May-so I am not sick.

            Delusional?-hardly as I am an engineer and my buildings and bridges stand up on facts-not propaganda.

            EGO-CENTRIC-not really, I just see you as the farm animal that you are.

            Maniac? not at all.

            Ass usual-just a lot of hot air out of a propagandist whose red days have come and gone.

            BTW, we won the cold war-your side lost-get over it!!!

          4. Well Baby Backs,

            “Keep write your anecdots which no one are deading, even KG”.

            Again, you know this how…………..

            You really need to take an English class

            Just more propaganda from the pig. Remember to vote your self up a couple of more times and vote me down several more times as well.

          5. Glad that you are amused KG.
            Like George W. Bush, our little porker inspires far more comedy than any other poster here. Fact is always stranger than fiction and little porker is one funny old commie!

      1. Rothbard is a great man. Truth, unadulterated.

        Another man who warned America about what was coming is William Simon, who wrote “A Time For Truth” decades ago. I find it very disheartening to realize he was almost totally ignored at the time and that what has happened to the country is almost exactly what he predicted…



  2. “The conflict is no longer only about President Barack Obama vs. Bashar Assad. Now, it is the U.S. vs. Russia, Syria, Iran, China, etc. If diplomacy fails (the White House and Israel appear intent to ensure it fails), the dire results will be clear to the majority before this winter is over.”
    Conflict is always about money, land, recourses, disguised as a “needed”, “for the children”, Camel-Flea-Beard Allah-babbie said so…ego either personal or governmental is only a marginal portion of a decision making process needed for global nuclear war — then you ask yourself “what M.L.R. is left after nuclear war?”
    Unless your are looking to “fundamentally change the world or reset the board”. I think somebody said cockroaches would evolve after were gone and become rulers of the world…IMHO they already are.
    Laus DeoSemper FI

  3. “There are no new developments that give clear indication that our economy is any better off than it was a year ago, let alone five years ago.” Does Mr. Smith want us to shut our eyes or is he blind?

    Whether the currency a century from now is based on gold, piece of paper, bull horns or bear claws, our country’s businesses will continue to deliver goods and services. The proceeds from the sale of “milk” from those commercial “cows” will compound for the owners just as they did this past century when the Dow increased from 66 to 11,497…and paying loads of dividends.

          1. Right, Freedom Fighter, I know you’d prefer an outhouse. That’s all you probably have. But, hey at least you’re free. An outhouse and a gun, that’s all a real American needs.

          2. As well as upholstered furniture on the double-wides front porch. He’s got a stack of tires there as well.

            Now, our place was a graveyard for automobiles.
            At the end of the porch there was four stacks of wheels
            And tires for sale for a dollar or two
            There was fifty holes in our old tin roof,
            Me and my family was livin’ proof
            That people who forgot about poor white trash,
            And if that ain’t ‘Country’, I’ll kiss your ass.

          3. If you want a good “Cat Fish Recipe” buy a copy of The Duck Commander Family – How Faith, Family, and Ducks Built a Dynasty”.

            Laus DeoSemper FI

          4. Cagey, since you tout how you unionists care why didn’t you and your union buddies go take care of the place.

          5. Yes, and the Crony Capitalists also are great at philanthropy. But does the level of their philanthropy overcome the level of their theft from the economy? If it did, we wouldn’t be in the mess we’re currently in.

          6. Quote: Selecting a charity to support is a bit like playing God. Ideally, it should take into account your most deeply held concerns and convictions.

            Who is stealing from the Economy? If you want to say Organized Labor, I’m sorry. Because the positive economic effect of higher wages have been shown to be true many times in the past. One example was the wage increase of Henry Ford. Many right wing economist will argue that the increase in pay was just to cut the amount of turnover in the plant. However, while it may have been for that reason, the result was a loyal, sober, better workforce than before. I don’t have the numbers, but I’m willing to bet that the increased economic activity of the workers, while not helping Ford directly, did benefit the community as well as the business in Detroit at that time.

            The billions of dollars given to the Banksters and Wall Street types have an economic effect as well. However, unless they become more willing to actually invest in American Industry, we will continue to decline as a country.

          7. I’m guessing you’re talking about the mythical “multiplier effect” as proposed by John Maynard Keynes. It has been thoroughly debunked:

            Back to your Union example, KGB. When the Unionists get their higher wages, they have to come from somebody else. As my mother used to say — “Money doesn’t grow on trees”. So the company must lower wages for its other workers, or raise their prices, or lower their profits (if willing). In all of the above the money has just been transferred from one group of potential spenders to another group of potential spenders. So there would be no net effect on the economy, with the exception of rewarding lazy Union workers who would then produce less and drag down the economy later.

          8. There is something called ‘profit’ although Marx properly identified it as ‘surplus value’ or that extra value the bourgeoisie businessman gets from the value of the labor he has stolen. No kind of value can be applied to something unless Labor has been infused to create value. Not just economic value, but social value as well. And the worker only has his labor – time – chunks of his own life – to exchange for wages. But this exchange is never equal. There is always an excess left over. In Marxian Economics it’s known as surplus value or capital. The key to creating surplus value is to make sure that wages remain less than the exchange value of the commodities that workers produce. If that profit were to be put into the hands of those who actually produce it, our economy would roar back to life.

          9. The Commie KGB comes fully out of the closet.

            The Soviet Union, China, and most of Eastern Europe lived with Communism and threw it off, for good reason. Now we have ignoramus’s like KGB trying to sell the bankrupt ideology to ignorant people in the US who have no idea what Communism is really like.
            Nobody has “stolen” your labor, you Evil man KGB, except those Leaders who enslave us now, just as the Communist Leaders enslaved their people.
            If you don’t think you’re getting paid enough — Start your own company, KGB. If you’re worth half what you think you’re worth, that should be no trouble for you.

            KGB says — “If that profit were to be put into the hands of those who actually produce it, our economy would roar back to life”.
            No, ignoramus, instead of investing it in capital equipment like the Capitalists would do, your ignorant Socialist minions would drink it up or find some other way to consume it. And then when everything was consumed they’d be living like Communist dogs always live — Destitute.

          10. “We all came to hate Communism, or worse, to pity it. Whatever it once was, Communism promised so much and it gave us Tyrants and Murders. Yes, good riddance!

            “Nothing more to see, move along, get back to work.” Global Capitalism flourishes.

            “Decades later. Still restless, we glimpse a familiar Ghost.

            “What Marx and Engles created in the Manefesto is nothing less than a political faith cloaked in the logic of scientific inevitability.”

            George S Rigakos

            Communism is Dead. Long live Communism!

          11. KGB says — “I don’t have the numbers”.
            Of course you don’t, KGB, because you’re full of it. Just ask the former GM bondholders.

          12. Just the TRUTH, the WHOLE Truth and nothing, but the TRUTH.

            Kommunist Gay, why are you hiding the “WHOLE” Truth?
            Union thugs have vandalized equipment, torched buildings, and even murdered people, for the simple act of working NON-union. Countless VICTIMS HAVE LOST THEIR PROPERTY, THEIR HEALTH, THEIR LIVELIHOODS, AND EVEN THEIR LIVES TO UNION VIOLENCE.

            According to the National Institute for Labor Relations Research (NILRR), there have been over 12,000 incidents of union violence reported by American media since 1975.

            And the studies show 80%-90% of violent union incidents that get reported to police are never reported in the media.

            The union bosses that coordinate these crime virtually never face justice because of an outrageous loophole in the Hobbs anti-extortion law.

            “Great is TRUTH, and mighty above all things.” 2Ezdra

            Magna est VERITAS et praevalet.

          13. Thanks for proving, once again, my point, Pitiful LIAR.

            P.S. Jealous of what? Of your Pervert Mentality and/or Sexual Debauchery?

            Alondra : KG — 1:0

          14. Sounds of envy and malice from mark, that people like FF and others will not be forced to maintain the likes of mark.

          15. How would you know the high quality of the crap? Is that one of your duties to do inspections on what crap is made up of.

          16. I’m gonna get you your money. But you what’s going to happen to you? You are going to have to answer to the Coca-Cola company!

        1. The downside of low-flush toilets:

          Shouldn’t people be able to make these decisions themselves without busybody Liberal Progressives cramming them down our throats?
          If there are water shortages, the simple solution is to allow market-pricing. As the shortage looms the price increases, so the inefficient users pay more — As it should be. And we are all left alone — Freedom in other words.

          1. It never occurred to you, if the price climbs up too much because there’s a severe shortage, those who cannot afford to pay won’t have any water at all?

          2. What better way to allocate the water in a severe shortage than letting people pay higher prices so that water producers are incentivized to produce more, and so that water wasters will start being more economical with their water?
            Liberal Progressives would want to come up with some sort of rationing schemes which never work, because they result in a situation where the politically-connected people thrive and the rest suck eggs.
            I had a cousin who lived near San Francisco where there was a looming water shortage about 30 years ago. Being a good Liberal Progressive citizen, he started cutting back greatly on his water usage. Then the Government got involved and they cut everybody’s water back a certain percentage. So the poor saps that tried to save water watched their lawns dying while those that continued to waste water right up to the controls weren’t hurt that bad.
            You gotta love the idiot Liberal Progressive Mentality. NOT.
            Ironically, my cousin is still a Liberal Progressive. Some people never learn.

          3. Somewhat like the brain-dead liberals on this board. I’ve only been here a short time, but already I’m wondering why these lefty idiots stay here. Just goes to prove that logical thought can be ignored no matter what.

            Louie’s opinion on most everything, so far as I’ve read, is about as worthless and offensive as a loud fart in church…



          4. Some are Shills, and others are most likely feeding at the trough somehow (Government worker, Teacher, etc.).

    1. The dip to 6600 occurred during Obama’s Presidency (Mar 2009), and was largely a result of panic selling due to the Fear Factor of Obama being elected. Probably a more realistic figure to start from would be the 11,000 that was the DJI before it was assumed that Obama would be elected (Sep 2008).
      Given that, the DJI has increased about 41% while the Real Price Inflation rate has been about 50%, so it’s not even quite keeping up with price inflation.
      See Shadowstats graph for 1980-based CPI which has a much more realistic basket of goods:
      Since 1980, the Government has changed the basket of goods twice, obviously in an effort to contain their COL adjustments for SS and other Government payments.

      1. No one needs to be a very clever economist to understand that the housing bubble is what brought down the Dow Jones below 7,000 but you’ll go to great lengths to try and prove Obama is at fault no matter what.

        1. I didn’t say Obama was at fault, Louis. He was too new to have been at fault, but investors did know enough of his politics to panic sell their stocks. Were it not for the inflation caused by the profligate money creation of the Federal Reserve, the Dow would still be around 10,000.
          Know this, Louis, I am not trying to educate you. For some reason (feeding at the trough, shill, or maybe just stone-cold ignorant?) you are uneducable.
          I answer your lame comments only to educate readers who are interested in being educated.

          1. No matter how you put it if investors sold their stocks because they knew enough of Obama’s politics then the Dow Jones crashed because of Obama. Of course this is not true, as I said, the housing bubble was the cause. As usual to make the truth fit your mindset your reasoning lacks intellectual rigor.

          2. The housing bubble started coming apart in 2006, Louis. The fact that the collapse of the stock market started when Obama was predicted to win and then started recovering 6 months later, almost reaching the pre-crash level of 11,000 just 9 months after that, pretty much proves my point. Certainly nothing Obama did could explain that rapid recovery:

            When you say, Louis — “As usual to make the truth fit your mindset your reasoning lacks intellectual rigor” — You are just projecting.

          3. “The global recession has affected the entire world economy, with greater detriment to some countries than others. It is a major global recession characterised by various systemic imbalances and was sparked by the outbreak of the U.S. subprime mortgage crisis and financial crisis of 2007–08.” -Wikipedia
            I’m not projecting at all. Almost everybody agrees, except you and a few others, what precipitated the global recession.

          4. No, now you’re not projecting, Louis. You’re just plain lying.
            I didn’t say anything about what caused the global recession.

          5. Everyone knows, except you I suppose, that the Dow Jones plunging to 6600 and the global recession was sparked by the U.S. subprime mortgage crisis , in other words, the U.S. housing bubble.

            Do you really believe this is true?: “The dip to 6600 occurred during Obama’s Presidency (Mar 2009), and was largely a result of panic selling due to the Fear Factor of Obama being elected.”

          6. You’re like a pesky gnat, Louis. No matter how much logic I throw your way you just keep coming back saying the same lame things over and over again.
            You said yourself that the housing bubble started collapsing in 2007. So why did it take almost 2 years more for the stock market to suddenly turn down? And with such a wide-ranging and serious housing and economic collapse why did the stock market recover to its pre-crash levels in just 9 months?
            The Leaders love people like you, Louis, who will swallow whatever they dish out.
            I’d also like to know, Louis, with all the persistent retorts you issue, how come you still haven’t answered my question below? Cat got your tongue?

          7. Everybody knows a market bubble can start very slowly, progress for some years and then burst.

            You say: “And with such a wide-ranging and serious housing and economic collapse why did the stock market recover to its pre-crash levels in just 9 months?” Well, for your information the Dow Jones reached 14,000 for the first time since 2007 on February 18, 2013.

            Do you really believe this is true?: “The dip to 6600 occurred during Obama’s Presidency (Mar 2009), and was largely a result of panic selling due to the Fear Factor of Obama being elected.”

  4. “The stock market no longer rallies to the tune of increased retail sales, growing export markets or improved employment expectations.” No actually it does, Mr. Smith. I guess you haven’t been watching the stock market, but besides fed stimulus, rising corporate earnings have been consistently pushing the market higher. If federal reserve stimulus continued without any rise in corporate earnings, the market would have gone down these last few years but corporate profits are way up. You also state:
    “If the Fed continues stimulus, how long can it last before the dollar’s value is decimated?” Actually fed stimulus has been weakening the value of the dollar by producing more and more dollars artificially and causing considerable food and energy inflation (not covered in the Consumer Price Index). A pull back or end to federal stimulus will strengthen the value of the dollar – not lead to its collapse. But of course a stronger dollar will hurt U.S. exports one of the few bright spots in our economy. It is not a bad idea to do a little basic research before you write an article.

    1. Corporate profits are measured in dollars. In the last 5 years, the buying power of the dollar has decreased by about 35% or to put it another way, the same overall goods and services that cost you $1 in 2008, now costs you $1.54 (about a 50% price increase).
      It’s confusing, I know, but here’s a very good explanation of Buying Power (Purchasing Power) in relation to Price Increases:
      What appears to be an increase in profits is just the result of goods priced higher due to the lesser value of the dollar. Unfortunately, calculating the actual increase or decrease in Real Wealth due to increased or decreased Real Production would be a daunting task, and I know of nobody who is actually attempting such a task.
      Also, many of those “profits” are a result of easy borrowing from the Fed. So what happens when that ends? And it will end when they see price inflation growing so much that the Government can no longer hide it with their phony CPI basket of goods.

      1. Most of the ‘goods’ you are referring to are “virtual” due to the service nature of our modern economy. The ‘profits’ are nothing more than the lowered cost of labor due to the continued lowering of real wages. Like the cartoon in the 80’s said:

        Honey, I got laid off today.
        Why that fantastic! Our stock is sure to increase on that news!

    2. @mark

      Apparently, you did not read the links included in this article. Stocks now rise on BAD economic data, because investors treat this as a signal that the Fed will continue stimulus unabated:

      Also, you clearly don’t understand the bigger picture of our economic situation, given that you merely regurgitate mainstream media talking points like a parrot. If the Fed cuts stimulus, who, exactly, will take the Fed’s place as the world’s largest buyer of U.S. Treasury bonds? If America defaults on its debts, the dollar will lose its world reserve status, and thus, a large percentage of its value, causing hyperinflation in prices. I had to laugh when you claimed the dollar would become “stronger”. That’s a terribly naive sentiment.

      What you don’t seem to grasp, mark, is that whether the Fed prints, or stops printing, the value of the dollar will die.

      Who will cover our government’s ever expanding debt base? Who will pay for Obama Care, and all the other entitlements not included in the official calculations of our national debt? Who will keep the stock market artificially propped up if the Fed cuts QE?

      I’ve been a macroeconomic analyst for nearly 8 years. Believe me, I’ve already heard every one of your propaganda points hundreds of times from people far smarter than you, and none of them were able to support such erroneous arguments in the face of concrete facts.

  5. So we must ask ourselves what is the value of money, fiat currency? Essentially money is stock, we all have stock ownership in money. We can call it a stock because at its inception its value would grow in the form of interest, once upon a time (as some may remember) was 6 to 7 percent in a good savings account, more in a CD account, similarly in government formed bonds. But alas, Banks now pay less than 1 percent, CD’s and government bonds 2, 3 if you’re lucky. So clearly the fiat currency is under threat of becoming worthless and, at minimum less valuable, as a store of value. Anyone who is investing in a company stock that has lost so much value in so little time would have dumped it a long time ago. Well, that’s where government comes in, and with a little price control, and a few manipulations of inflation reporting, the masses don’t know that the fiat currency is really only buying half what they were able to by just a little over a decade ago. So that’s why you hear that the middle class wage, even though it may have increased over this time, can actually buy less than it did in the mid 1990’s. I’d like to bring gold into the conversation, but the simple fact is that gold has neither gone up or down in value i.e. 30 ounces of gold bought a new Buick 30 to 50 so years ago at 3 thousand dollars, and that same 30 ounces will buy you a new Buick today at 30 thousand, give or take your negotiation skills. Bottom line, interest earnings on the fiat currency must go up, and so must interest rates, and that’s going to hurt the credit market, mortgage market, and a whole host of other stuff I guess. Question is, should we take a lot of hurt at one time, or do like we did with fiat currency printing over the past 5 years, but slowly and in reverse. I personally would prefer the big hurt, and through the FED and W/DC under the bus for good. For they my friends are idiots!

    1. I completely agree with you….when all this bail out started, I believed that if you could not run a business in the black, then you deserved to go belly up and that there is no business that is too big to fail….what happened is that the government bailed out the big banks that were supposed to be loaning money at the mercy of the little banks who bellied up, so what did the big banks do? They bought out the little banks and became even BIGGER. All of the wall street, Fannie and Freddie, the auto industries and the banks should have been left to bankruptcy. Yes, it would have hurt big time for awhile, but we would not have an additional 6 trillion dollar debt and by now, recovery would actually be a recovery….not a picture painting of how well things are now and that the recession ended….I would like to know just when the recession ended….I think it went from a recession to a depression by the number of people without jobs, the cost of gas and groceries and the amount of people living off the rest of the tax payers on extended benefits, not to mention the loss of the senior citizens who had put money away for retirement just to see that dwindle with each year.

  6. KG, glad things went so well for you. But you says things weren’t so good until “you” got lucky, then the US had the best economic times in history, all because “you” enjoyed your success. Unfortunately, not so many others were as fortunate. And I really think that economic times were a lot better in the 25 to 30 year period following the end of WWII.
    But alas, those doing well always feel better about things than those who are struggling to believe in the “American Dream”.

    1. Why don’t you and KG/Cagey go somewhere and commiserate about how America is keeping you both down. Cagey can whine that Americans are sick of the parasitic unions and you can whine about those others keeping you from the “American Dream”.

  7. The QE will not end until Obama is out of office. He will not allow the economic facts of life to be revealed while he is still POTUS. You can be damn sure that this deal has already been made with whomever will be appointed as chairman of the Fed.

    1. Speedle,
      Obama is just the puppet. The masters will still be there after Obama is gone. The Federal Reserve will contract the money supply when the real rate of inflation can no longer be hidden from the public. When that will occur is anybody’s guess, but my guess is within a year.

      1. It’s hard to not be a puppet, ~ harder still to do something that is completely self-serving. ~ Someone has something to gain regardless of what you may or may not do.

        I am only my own master when I serve others by my own choice. That I have surrendered to this notion, ~ has blessed me a thousand times over.

  8. You won’t have dollar devaluation with rising interest rates. Interest rates
    are rising and will continue to rise until it is worth foreign and domestic
    investors money to buy United States debt . Then the United States will
    stop buying its own debt and the fed’s balance sheet will stop expanding.
    Rising interest rates will strengthen the dollar.

    If there is a stock market crash, it will be because of a bond market crash
    caused by lower prices for bonds.Trust me: In a bond market crash, the
    money goes into dollars and gold and silver, not into stocks. Both stocks
    and bonds are just paper.

    On the other hand, the dollar is just paper too. Maybe in the coming bond
    crash the dollar, stocks, and bonds will crash and only gold and silver and
    blood pressure will go up.

    1. But you will have a dollar destruction when foreign countries stop dealing in dollars, the petro-dollar to be

      more importantly exact.

      1. Foreign countries that buy oil and gas from us will have to use
        U.S. Dollars. China, Britain, Europe will soon be propping up
        the U.S. Dollar with huge imports of U.S. oil and gas.

        1. No they won’t. They’ll dump the U.S. dollar as the petro-currency and trade with the IMF’s replacement currency, the SDR. This is exactly what happened back in the 1950’s when Britain lost petro-status to the U.S. Then the U.S. will be forced to export oil products for SDR’s, just like Mideast countries are forced to to export oil for U.S. dollars today (but not for much longer).

  9. What a mess! I don’t think we as Americans will do anything about it until we are totally broke. When it hits the pocketbook, we may stand up and notice.

  10. We’re
    approaching a terrible anniversary for America. It’s been nearly 100
    years since Wilson sold America down the river to the international
    bankers, allowing them to seize control of our economy and begin to
    bring us to this total poverty we endure as a nation today. 17 trillion
    in debt makes us the largest debtor nation the world has ever seen,
    where just a few decades ago we were the strongest creditor nation the
    world had ever seen. And we can lay the blame for that at the feet of
    those traitors in government who sold us to the not-so-federal reserve.

    who, these days, would still trust the elected criminal class and civil
    “servant” bureaucrats to run anything honesty or efficiently is fatally
    naive. Those who think that way don’t have any understanding of world
    history or they would understand that you can’t give government that
    kind of carte blanche power and expect that “happy days are here again”
    and that bad things will never again happen to you. When you give a
    criminal a key to your back door, you can realistically expect nothing
    but to be plundered. The exact same thing applies to socialist programs
    run by government. Every socialist program ever implemented in any
    country (including America)
    any time in history, has always been administered dishonestly and has
    always been subject to major waste, fraud, ineptitude and theft by those
    who know they can always cheat and defraud the program because
    bureaucrats simply don’t give a damn about properly husbanding the
    taxpayer dollar… they just don’t care because 1) it’s simply taxpayer
    money (there’s a lot more where that came from) and 2) he knows he
    isn’t accountable for mis-managing other peoples’ money, beyond momentary
    embarrassment when his ineptitude or carelessness is occasionally
    exposed to the light of day. Only brain-dead liberal fools can think
    that another massive extra-Constitutional government involvement in the
    economy of the country is the best thing for the country.

    look how this foreign-owned “federal” reserve take-over of the American
    economy through the gradual shift to fiat currency is now finally
    working out for us after a hundred years of steady decline. The
    catastrophe that couldn’t ever possibly happen is now upon us. That
    insidious foreign, private organization has finally stolen most of the
    value of America at this stage in our national economic decline, and
    soon we will bear the extreme consequences of our collective stupidity
    for thinking anyone foreign or governmental would have our best
    interests at heart. When we gave up citizen control of the economy, we
    gave up any say in our national destiny.

    And yet, the sheeple
    remain fast asleep to reality, with nary a clue to what’s coming. The
    win/loss record of their favorite team is much more important to those
    morons and the periodic fluctuating price of beer and booze is even more
    important to those brain-deads.

    Unless we begin to actually hold
    elected politicians and life-long bureaucrats strictly accountable to
    their solemn oath to the Constitution, we’re screwed… just like we
    have been for the past hundred years…



  11. My Dear People,
    What many of you need to do, is open up to – what you think you have, will all fall apart before your eyes, as in there will no longer be 50 states, United by anything.
    Many states that are deep in debt will just fall to whom ever takes them, now think to conquer – first DIVIDE, then DIVIDE again until nothing stands.
    Think I am wrong?
    Then you’re in for a really big shock in the not to distant future,
    I will not tell you what to do, but as you all have been told year after year here, all you need do is look back.
    {{ Yes, I was wrong }} on buying Gold and Silver, you should. You also really should be thinking about FOOD too.
    What we have, and have had, was nothing but an Illusion – think BIG BUBBLE. The criminals in DC ~ can hold back the FALL no longer.
    Peace and Love, Open your SOUL to the Holy Sprit so you can find Jesus Christ while you still have TIME.

    1. When , America comes to survival only those that are in The American Militia will survive in “”Rank”” under The Command of King Jesus Christ ..
      For those that do not know the “Process” for joining The American Militia , it is called out , basically , at 1. Matthew 6:33 , 2. Matthew 6:9–13 , 3. Acts 2:38, … Do NOT try and fake it ,,, The Commander will notice and you will not like His Discipline … The first 2 “Orders” should be done or worked on daily and maybe sometimes minute by minute … The repenting in “Order” 3 should be done as soon as you recognize a violation of The King ‘s Law Book … Meanwhile … Praise King Jesus for Salvation and Healing … Acts 2:38 is salvation …

      1. OH!? ,,, I forgot to mention ,,, forget so called Constitutional government ,,, it’s not being used much now … Isaiah 9:6 , 7 , tells you King Jesus Christ is and will be “The” Government… Keep your weapon handy and always have a “Prayer” on your mind and maybe yelling it out to The King of kings ,,, prayer is a weapon ,so sharpen it up as you pray Matthew 6:9–13 with concentration …

  12. Hmm, ~ I see that everybody seems to be under the illusion that you actually , really “own something”. while your name is all that you “own” and somebody can even steal that!

    I can still recall when I thought the same thing, that I “owned something”.

    This illusion is necessary for government to lead.

    I am not pulling anyone down for holding such ideas as I think it’s necessary that we endeavor to “own something”, to have some control of ~ or at least a sense of control.

    But try not to allow disappointments to ruin your days, ~ for you will have some.

    To be truly free, is to have nothing to loss and as long as you hold dear to this illusions of ownership, you will never be free but a captive, a prisoner in your own mind to these things that you believe you possess.

    Rather, ~ look upon life as a lease with some options preposition , as this might offer you a better perspective of life , allowing your priorities better defined and what you might invest time and money in that best serves you.

    That a man can own the world and lose his soul in the process is not a fairy tale.

    So do you really believe that JC was just tripping in his sermon on the mount?

    Matthew 6:28 is the twenty-eighth verse of the sixth chapter of the Gospel of Matthew in the New Testament and is part of the Sermon on the Mount. This verse continues the discussion of worry about material provisions.

    In the King James Version of the Bible the text reads:

    And why take ye thought for raiment?Consider the lilies of the field, how they grow;they toil not, neither do they spin:

    The World English Bible translates the passage as:

    Why are you anxious about clothing?Consider the lilies of the field, how they grow.They don’t toil, neither do they spin,

    This verse is quite a well known one, appearing frequently in art and literature. Keats’ “Ode on Indolence” quotes it. P.G. Wodehouse humorously uses the phrase “lilies of the field” to refer to the idle rich who do no labour. Other writers such as Edith Wharton and A.M. Klein have also directed the phrase at the rich and idle. There is also a famous movie by this name.

    1. Deer ,,, good for a start ,,,but ,,, keep reading and analyzing ,,, at Matthew 6:33 , it tells one how to own “”Things””,,, but “”First”” one must be sold out to King Jesus Christ ,,, then ,,, you are working for The King that owns ALL that is … Seeking is “”Working”” toward a goal ,,, in Matthew 6:33 the goal is : The Kingdom of God and His Righteousness ,,,King Jesus Christ is The King of that Kingdom … Then ALL these other things will be added unto you……………………………. Meanwhile … Praise King Jesus for Salvation and Healing … Acts 2:38 is salvation…

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