They were anticipating Helicopter Ben flying into action:
WASHINGTON — The Federal Reserve, getting ahead of the battles that will dominate national politics over the next two years, moved Wednesday to jolt the economy into recovery with a bold but risky plan to pump $600 billion into the banking system.
...
The action was the second time in a year that the Fed had ventured into new territory as it struggles to push down long-term interest rates to encourage borrowing and economic growth. In a statement, the Fed said it was acting because the recovery was “disappointingly slow,” and it left the door open to even more purchases of government securities next year.
Current policy is brutal on people trying to save some money.
Here's how Firedoglake put it:
Who gets hurt? Savers, the people who husbanded their income during the long boom period, putting money away for retirement. Who gets helped? Wall Street traders and banks, and anyone who bet that they would be the groups targeted for protection by the US government.Great - Wall Street banksters and traders make out once again, while people trying to do the right thing and save a little get hurt.
More change we can believe in.
Remember, Obama RENOMINATED Mr. Bernanke to the Federal Reserve.
If it wasn't Bernake, it would be an equal bloodsucker weasel in charge, ultimately chosen by the evil, international Rothschild banking dynasty.
ReplyDeletePresident Wilson quote AFTER he passed law enabling The Fed to enslave this country in 1913. Of course he sold his soul to them to get into the White House. Some things never change.
"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."
And, the following quote from the "godfather" of the Rothschild banking family:
"I care not what puppet is placed on
the throne of England to rule the Empire, ...
The man that controls Britain's money
supply controls the British Empire.
And I control the money supply."
Baron Nathan Rothschild, the Godfather of the Rothschild Banking Dynasty, the original slavemaster.
And by the way, JFK began the process of printing US issued government notes, and was planning to close down The Fed in his time in office . . . unfortunatley, he never got the chance..."bang bang, shoot shoot."
Brilliant slideshow (youtube) set to Jackson Browne tune:
ReplyDeleteCasino Nation
http://www.youtube.com/watch?v=nggyni6bee4
Thanks for the link!
ReplyDeleteFirst anon, not sure I buy JFK was assassinated because he planned to shut down the Fed. Can you give more evidence for that theory?