"Centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly." -- Fifth plank of the Communist Manifesto, 1848

While we are dithering on the Obamacare non-rollout and with the talking heads on every news station on TV and talk radio in constant Repeat mode, the hearings for a new Federal Reserve Chairman are rocking along unnoticed. It's not like this is an insignificant event. Good ole Janet Yellen is about as unqualified as one gets if your interest is in helping the economy recover. $85Billion per month is running through that institution and Yellen swears on a stack of cookies that she will keep interest rates low until 2017 That's both the good news and the bad news at a time when good news has had negative effects on our economy and bad news has had good effects. That's a head scratcher!

Ben Bernanke oversaw creating so many QEs that he will be handing the next Chairman, likely Yellen, a negative balance sheet for the Federal Reserve of $3.6 Trillion. Yes, trillion. This is the Obama administration. They only speak in trillions of dollars. Billions is so yesterday!

Two questions come to mind with a Fed Chair as ideologically left as Yellen: 1) Does she have the chops to unwind this constant quantitate easing that has resulted in tearing through currency printing presses that never get the day off, and 2) will what she does lead to hyperinflation and interest rates that rip into outer space? And there's no telling how all this will affect the stock markets both here and abroad.

It's already been suggested that, like in 2012, the unemployment rates will miraculously fall just weeks before the 2014 elections. But that is just a monopoly number because they don't count more non-working people than they do count... it's a meaningless number. Nonetheless, word on the street is it will be Yellen's job to do whatever it takes to be able to create a climate where the non-informed voters, the ones who actually control elections by their numbers, will never question what happens with the unemployment numbers. That surely will be impacted if the US goes into hyperinflation and/or accelerating interest rates that is all dependent on what the next Chairman does. One thing is sure: Bernanke is handing over a hot potato and handling that will be no cakewalk.

Charles A. Lindbergh, Sr. 1913 on his views of the Federal Reserve: "When the President (Wilson) signs this bill, the invisible government of the monetary power will be legalized....the worst legislative crime of the ages is perpetrated by this banking and currency bill."

As is often said, the Federal Reserve is NOT Federal and it has no reserves! To learn more about how the Federal Reserve works, or fails to, go here:

 Federal Reserve - The Enemy of America

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Seeing as the Republicans (headed by John Boehner) have not lifted one tiny finger in opposition to this Marxist administration in OUR White House leads one to believe that they are all in on the grand scheme of the demise of America headed by a one party system headed by Obama. What else are we to conclude? No matter how hard we continue to fight they are laughing at us mere servants of the government. Sorry to feel so uneasy about what is going on, but how in the world are we to stop the corruption???? Even our local politicians are running around with the hammer and cycle!!!!

 

 

Take the Self Governance series of classes, available through out Arizona.  Look up www.mrspowel.org and see the next series of classes.  It works.  We can have a say in local and state government...and with that can separate ourselves from the feds.

Agreed.  We heartily recommend these classes.  A group from the last class took an issue to the Legislature today and got a great reception.  There's a right way and an ineffective way to be an activist.  Self-Governance classes help everyone to be effective.

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