The anti-Constitutional “Federal Reserve” which has absolutely nothing to do with anything federal, is in its simplest form, a cobbled-together criminal cabal operating the biggest Ponzi scheme ever devised on the planet. And always, it gets its points across from pointy-headed elitist intellectuals, reading from reams of paper before Congressional “banking committees,” in language that is altruistic at best, downright criminal at worst. In reality a Bernanke Legacy House of Cards…
Get this from the article: “Much of the increase in the Fed’s assets has come in the form of U.S. Treasury securities and Freddie Mac and Fannie Mae mortgage-backed securities that the Fed purchased over the last five years in its attempts to stimulate the economy.” Sounds like somebody who knew what they were doing, acted on what they did in the best interests of the country, right? Wrong.
Those aren’t “assets” folks; they’re malinvestments* in the case of Freddie Mac and Fannie Mae mortgage-backed securities, and as for the Treasury purchases, that puts downward pressure on interest rates, and higher, market-based interest rates are necessary to lure the massive amounts of savings necessary for net (new) investments. That’s why there are no net (new) investments taking place.
In other words, the Federal Reserve is sabotaging the economy, and the same net (new) investment-retarding low interest rate policy is being followed by the Bank of England, the Bank of Japan, and the European Central Bank, proving that an outside source has co-opted the political establishments of those banks’ respective nations. The Ponzi scheme of Ponzi scams..
Read on for more fairy-tale exploits of the Bernanke legacy house of cards. He really should be sharing the same cell with Bernie Madoff’. Continues …
*Malinvestment is a concept developed by the Austrian School of economic thought, that refers to investments of firms being badly allocated due to what they assert to be an artificially low cost of credit and an unsustainable increase in money supply, often blamed on a central bank. …
2 thoughts on “Bernanke Legacy House Of Cards : Malinvestment Utopia”
People have no ‘feel’ for the size of our debt,..millions, trillions, it all rhymes. I found this helpful to give perspective. If 1 million dollars in 100 dollar bills weighs 22 pounds (carry on luggage), then 1 trillion dollars in the same bills weighs 22 million pounds.
Have you seen this? http://www.youtube.com/watch?v=GTQnarzmTOc
Thanks for the input and insight Michael .. It seems to be a “forever” educating process!!