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Title: US Government 2009 June Out of Control View count: 1711 Rating: 4.642857 (14 ratings) Description: Capitalism is an economic system not a political system. Most of the banks that are failing deserve to fail. You have to let the free market take care of itself. Most of the bail out money is being used is to prop up the US Stock Market. Look for the market to go up to almost 9500 points, after that, it will drop to about 6500 points. You ain't seen nothing yet. AfterAmericaNZ Here is Bob Chapman's take on things..... Economy in a shambles, Growth not in the equation, Fed stifles US Treasury, More powers for Fed not the answer, more ponzi schemes before the courts, real GDP shrinking this year, More power for failed regulators a serious suggestion As you have already seen this is a worldwide depression and no one will escape. Europes economy is already in a shambles as is the US economy. Inflation will rage all over the world, because every nation has created massive amounts of money and credit as demanded by US and British elitists. They have all overmedicated the patient. As the Broadway hit play of many years ago told us, we are going to have to go through a Period of Adjustment. Some nations will get off easier than others. There will be no decoupling and many nations could have revolutions. Government spending and increased debt has been taken on by all countries and to in part pay for that taxes will rise everywhere. Deficits will hit records as far as the eye can see. You cant have massive spending, massive debt and massive tax increases and expect to have growth. It is impossible. Thus far government has been able to paper over the systemic meltdown in the financial area. They still havent dealt with off balance sheet and derivative losses. Even with the trillions poured into these entities it has not been enough to solve their problems and over the next few years that will become obvious. The Treasury plans of having the fox, the Fed, take over the chicken coop is pure insanity. These are the very people who caused the problem by encouraging mis-rating, securitization and lending that defied reality. Now the Fed is to become policeman. It is really insulting and removes any sense of security from the system. The problem of protecting consumers lies in the hands of the Fed, raters, lenders and Wall Street. Greed overcame any semblance of prudence. The Treasury, as stated under the Constitution, should have the authority to solve financial crisis, but they cannot because the Fed has the tools to do so. Those tools have to be put in the hands of the Treasury again. It is not a cure all, but it is a step forward. That has to be accompanied by ending the revolving door between banking, Wall Street and the positions appointed in Washington, especially the Treasury. Giving the Fed more powers to regulate is not addressing the underlying problem and shifting private debt into public debt isnt an answer either. The main cause of the problem is leverage, securitization, and globalization and the massive use of derivatives. Free trade and globalization are the worst and have caused wage-price imbalance and stripping America of its ability to compete. The advantages all accrue to transnational conglomerates and third world nations. This enriches the rich and takes the living standards in the US, Canada and Europe down to the levels of the third world. http://theinternationalforecaster.com/International_Forecaster_Weekly/Fed_As_Policeman_For_Economy_A_Big_Mistake Tags: federal, reserve, bob, chapman, michael, jackson, paul, mccartney, mtv, ron, obama, helen, clark, all, blacks, nz, sports, 2009, la, lakers, fascist, government, nwo, taking, over, the, usa, get, out, now, united, nations, drudge, report, sky, tv, latest, news, Author: AfterAmericaNZ |
