is the Fed managing the economy? The Fed is essentially a private organization made up
of private banks whose job it is to manage monetary policy.
Monetary policy means managing the supply of money in
the economy. Thereís
only so much the Fed can accomplish by changing the supply
of money in the economy. In addition, the Federal Reserve is really a
misnamed organization, given that it is not really an arm of
the government, but rather a privately controlled
seems totally inappropriate that the Fed should be put in
charge of solving our countryís economic woes,
particularly when you consider that it was the Fedís
irresponsible gross mismanagement of the banks that crippled
the economy in the first place.
Apparently the Fed
is running the show because the banks have become so
powerful that the government is forced to abdicate its
responsibility for managing the economy in favor of the Fed,
while the Fedís primary interest is the health and wealth
of the banks and their owners and not the American people.
The Fed has betrayed their fiduciary
we even have a government in place thatís managing the
peopleís business for the benefit of the people? It doesnít look like it to me.
Not any place I look.
problems cannot be solved with monetary policy. Monetary policy is necessary, but not sufficient.
What is needed is appropriate fiscal policy and with
respect to fiscal policy it looks to me like no one is
minding the store. The
policies being discussed by members of Congress all seem to
be pointing in the wrong direction. What we need is stimulus, properly allocated and
focused; what theyíre arguing about is how much to cut the
budget at the expense of those who can afford it the least.
These people do not understand economics, or more
accurately, they donít care about people, and the people
who supposedly do understand economics have apparently lost
their voice. If
we were responsible about repairing our failing
infrastructure, doing something real about global warming,
and taking appropriate action on a host of other real
problems, our economy would be booming. Our economy is failing because we are all
undereducated, misinformed, and grossly irresponsible.
The main reason our government doesnít work for
ordinary citizens anymore is that we choose poorly.
The president has no
clue. He understands economics about as well as he
understands the Constitution, which is not at all. By understand, I mean really understands the purpose
and wisdom of what the founders had in mind to the point of
dedicating his life to preserving and protecting it. He doesnít understand it.
The American economy
is stagnating and there is no long term vision to the
policies being pursued by the president or congress. The voices of reason are barely heard and the People
in general are totally in the dark, given that a proper
understanding of economics was totally missing from their
high school and college curricula. Many
who did study economics over the last several decades were
apparently donít have an electorate that knows enough
about whatís important to intelligently choose competent,
honorable leaders. Thatís
not an accident. Some
folks donít want you to understand. If you did understand, you wouldnít tolerate this.
Our seniors have
been cheated by a government that promised them a social
security check adjusted for inflation. The government
decided to redefine
the meaning of the word inflation by excluding food and
energy from the calculation and then basing inflation
adjustments on whatís left. Right now food and energy prices account for half of
the current level of inflation weíre experiencing. Thatís how much we are being cheated.
Seniors are falling behind because our government
When the economy
gets in trouble, the first thing that Congress does is cut
benefits for the most vulnerable citizens, leaving the
wealthiest citizens better off than they were before and the
poorest much worse off than they were, exactly opposite to
what any honorable authority would do.
We have millions of
homes now empty and many hundreds of thousands of families homeless.
this make sense to you? The banks and financial institutions crashed the
economy and now intend to fraudulently
own the homes the homeless once lived in. Does this make sense to you?
Do you think this was all an accident? Do you think the Fed simply made an unforeseeable
error that just happened to end up with this result?
Now Iím not saying that the Fed set out to
confiscate the homes owned by unsuspecting citizens. But what I am saying is that it was the Fedís
infidelity, incompetence, and irresponsibility that allowed the
banks to do whatever they wanted to do, including outright
fraud on a gigantic scale that allowed this to happen. And
what did our government do in response? It stole trillions of dollars from
us and our childrenís
future to bail out the fraudsters, allowing these criminals
to get off scot free while giving even more authority to the
Fed to manage the economy. Where is the outrage?
There isnít any
outrage because citizens were never taught in school how the
economy works or how government works. So now most are easily duped by the garbage they hear
on the evening news every day which doles out the propaganda
the government and their large corporate owners give them.
They are happy with how itís all working outÖ
which is to say, that poor people are getting poorer while
rich folks are getting richer. Why? WellÖ
guess which camp the owners and managers of the large
corporations fall into.
These are times
where the financial safety net of citizens ought to be
strengthened and the wealthiest among us ought to be taking
a haircut. Many
families are going hungry as congress is arguing about how
much hungrier they should be, than they already are.
Healthcare is an
economic issue. A
single payer plan is the only sensible way to save money,
improve care, and cover everyone at the same time. We know that because we can see that it works for
every other successful country in the world but ours.
Even our own Medicare system works better than most other
government programs. So the only sensible solution we absolutely know
works is the one solution thatís off the table. Does that make sense to you?
The Fed ought to be
fired from the job of managing the money supply. It ought to be done by a government
agency (the Fed is not a government agency). If it were handled properly, the interest you pay on
your mortgage or car loan would go back into to the
nationís treasury instead of into the private hands of
bank owners. After
all, the money the bank loans you is money it creates out of
nothing (itís not their money they lend, nor anyone
elseís) and yet they get to charge you interest on it and
then confiscate your property if you fail to pay. Itís not their money they lend out, why should they
get to keep the interest on it. Duh.
Education is an
economic issue. If
you donít get a good education how can you make sensible
decisions when go to the voting booth? You canít.
in this country the quality of your childís education
largely depends on how much your home is worth. Does that make sense to you?
In America, every child ought to have the same
opportunity to develop their talents and abilities as anyone
education ought to be uniformly good. Itís public education.
Every citizen deserves an equal chance to succeed. A childís education ought not depend on their
parentís income or ethnicity. Wake up America.
Military spending is
an economic issue. Why
do we spend more money than almost all other countries combined?
We donít have any enemies except the ones we create
when we steal their resources, bomb their homes, or poison
their men, women, and children with depleted uranium that
causes cancer and birth defects. Our military doesnít protect us; they create
enemies so that our military industrial complex can keep
their factories humming in response to perpetual war. Itís not the fault of our 18 year old soldiers who
havenít the maturity to know what to do or how to defend
lies to our children about why people hate us. Then they steal our children away to kill and die and
itís all because of money and greed. Most
honorable military leaders donít understand how this
works. They just
do what theyíre told to do. Do we have enemies?
we wouldnít if we were honorable about how we treated
the money and it will take you back to the banksters,
financiers, and corporate moguls. Get real. Grow
When you graduated
high school or college did someone once tell you to trust
yourself and now go out and make the world a better place?
Well, the truth is, when you graduated you probably
werenít as smart as they told you you were. They werenít lying to you.
They were just being nice. It was a happy day. They werenít thinking.
Your real education starts when your formal education
ends. Had they
been wiser, they would have told you that you werenít
smart enough yet to be as arrogant as you probably were or
are. They should have told you, you would be wise to be humble about what you
think you know because a lot of it was going to turn out to
be a lie.
I will tell you, that by now you had better be wise enough
to suspect how truly undereducated you really are.
You need to question your own belief systems and
where you got them before they ruin your life, and the
sooner you start, the better off you will be. www.gpln.com