(text from within article)
And, is it just a "coincidence" that the Fed taper is accelerating right as
the next debt ceiling debate begins in March, and when reports are being
released by the Congressional Budget Office that over 2 million jobs (in work
hours) may be lost due to Obamacare?
http://www.reuters.com/article/2014/02/04/us-usa-fiscal-obamacare-idUSBREA131B120140204
No, I do not think any of this is coincidence. Most if not all of these
negative indicators needed months to generate, so they could not have been
caused by the taper itself. The only explanation beyond "coincidence" is that
the Federal Reserve WANTED to launch the taper program and protect itself before
these signals began to reach the public.
Look at it this way - The taper program distances the bankers from
responsibility for crisis in our financial framework, at least in the eyes of
the general public. If a market calamity takes place WHILE stimulus
measures are still at full speed, this makes the banks look rather guilty, or at
least incompetent. People would begin to question the validity of central bank
methods, and they might even question the validity of the central bank’s
existence. The Fed is creating space between itself and the economy because they
know that a trigger event is coming. They want to ensure that they are not
blamed and that stimulus itself is not seen as ineffective, or seen as the
cause.
We all know that the claims of recovery are utter nonsense.
Beyond the numerous warning signs listed above, one need only look at
true unemployment numbers, household wage decline, and record low personal
savings of the average American. The taper is not in response to an improving
economic environment. Rather, the taper is a signal for the next stage of
collapse.
Stocks are beginning to plummet around the world and all mainstream pundits
are pointing fingers at a reduction in stimulus which has very little to do with
anything. What is the message they want us to digest? That we “can’t live”
without the aid and oversight of central banks.
The real reason stocks and other indicators are stumbling is because
the effectiveness of stimulus manipulation has a shelf life, and that shelf life
is over for the Federal Reserve. I suspect they will continue cutting
QE every month for the next year as stocks decline. Will the Fed restart QE?
If they do, it will probably not occur until after a substantial breakdown has
ensued and the public is sufficiently shell-shocked. The possibility also
exists that the Fed will never return to stimulus measures (if debt default is
the plan), and QE stimulus will eventually be replaced by IMF "aid".
Government Controlled Investment
Last month, just as taper measures were being implemented, the White House
launched an investment program called MyRA; a retirement IRA program in which middle class and low wage
Americans can invest part of their paycheck in government bonds.
That’s right, if you wanted to know where the money was going to come
from to support U.S. debt if the Fed cuts QE, guess what, the money is going to
come from YOU.
For a decade or so China was the primary buyer and crutch for U.S. debt
spending. After the derivatives crash of 2008, the Federal Reserve became the
largest purchaser of Treasury bonds. With the decline of foreign interest in
long term U.S. debt, and the taper in full effect, it only makes sense that the
government would seek out an alternative source of capital to continue the debt
cycle. The MyRA program turns the general American public into a new cash
stream, but there’s more going on here than meets the eye…
I find it rather suspicious that a government-controlled retirement program
is suddenly introduced just as the Fed has begun to taper, as stocks are
beginning to fall, and as questions arise over the U.S. debt ceiling. I
have three major concerns:
First, is it possible that like the Fed, the government is also aware
that a crash in stocks is coming? And, are they offering the MyRA
program as an easy outlet (or trap) for people to pour in what little savings
they have as panic over declining equities accelerates? Bonds do tend to look
appetizing to uninformed investors during an equities route.
Second, the program is currently voluntary, but what if the plan is
to make it mandatory? Obama has already signed mandatory health
insurance “taxation” into law, which is meant to steal a portion of every
paycheck. Why not steal an even larger portion from every paycheck in order to
support U.S. debt? It’s for the “greater good,” after all.
Third, is this a deliberate strategy to corral the last vestiges of
private American wealth into the corner of U.S. bonds, so that this wealth can
be confiscated or annihilated? What happens if there is indeed an
eventual debt default, as I believe there will be? Will Americans be herded into
bonds by a crisis in stocks only to have bonds implode as well? Will they be
conned into bond investment out of a “patriotic duty” to save the nation from
default? Or, will the government just take their money through legislative
wrangling, as was done in Cyprus not long ago?
The Final Swindle
Again, the next debt ceiling debate is slated for the end of this month. If
the government decides to kick the can down the road for another quarter, I
believe this will be the last time. The most recent actions of the Fed and the
government signal preparations for a stock implosion and ultimate debt calamity.
Default would have immediate effects in foreign markets, but the appearance of
U.S. stability could drag on for a time, giving the globalists ample opportunity
to siphon every ounce of financial blood from the public.
It is difficult to say how the next year will play out, but one thing
is certain; something very strange and ugly is afoot. The goal of the
globalists is to engineer desperation. To create a catastrophe and then force
the masses to beg for help. How many hands of “friendship” will be offered in
the wake of a U.S. wealth and currency crisis? What offers for “aid” will come
from the IMF? How much of our country and how many of our people will be
collateralized to secure that aid? And, how many Americans will go along
with the swindle because they were not prepared in advance?
(Click link below to read more)
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- Judy Chaffee
- This site is the inspiration of a former reporter/photographer for one of New England's largest daily newspapers and for various magazines. The intent is to direct readers to interesting political articles, and we urge you to visit the source sites. Any comments may be noted on site or directed to KarisChaf at gmail.
Friday, February 7, 2014
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