Written by Jeff Nielson Thursday, 19 December 2013 15:21
After five years of (empty) promises; this is it? Today, to the thunderous applause of the Corporate Media, the Federal Reserve announced what is being called “modest tapering”. However, to appreciate how truly trivial and token was the “tapering” announced today requires first stepping back, and recalling what Big-Talk Bernanke was saying five years ago:
…he promised to quickly unwind massive Fed lending programs when the economy improves, so they don’t stoke inflation.
However, after five years of a (supposed) U.S. economic recovery, instead of “quickly unwinding” this reckless money-printing (and 0% interest rate) with the Exit Strategy that Bernanke promised the world again and again; he has tripled his money-printing.
Now, today, after tripling what he promised to “quickly unwind” five years ago; B.S. Bernanke is taking bows because he has reduced one portion of this money-printing (the visible portion) by 10%. But with the Federal Reserve continuing to conceal all of its “lending activities” (among other things); today’s sleight-of-hand is nothing more than another clumsy performance by a Cheap Magician.
For any adults in the audience; B.S. Bernanke has no credibility: promising one thing, doing the opposite, year after year. For today’s announcement of (supposed) “tapering” to possess any legitimacy, this would require that the Cheap Magician show us what he is doing with both of his hands.
Understand that the exponential, out-of-control explosion in the monetary base of the United States (indicated in the previous chart) is a “two-fisted” operation. One hand gives out “quantitative easing” sugar-plums to Wall Street at a nominal rate of $1 trillion per year. Meanwhile; the other hand dishes out an equally sweet treat: (supposed) “0% loans”, funneled into the vaults of Wall Street at an undisclosed rate.
To appreciate how/why any so-called “0% loan” is a prima facie financial fraud can be illustrated in a quick and easy manner.
Q: When does one repay a 0% loan?
Obviously no profit-making entity of any kind would ever repay a 0% loan – a “loan” to which interest never accrues. To call these (undisclosed) gifts of further $trillions to Wall Street “loans” is simply another one of Bernanke’s lies, like all of his previous Exit Strategy promises. While he may claim that some of these gifts are being/will be repaid; the previous chart completely refutes that possibility.
Written by Jeff Nielson Tuesday, 17 December 2013 12:45
In a recent commentary; readers (again) had laid out for them the dominant Truth (and threat) of this era: the One Bank, a financial monopoly which, by itself, controls not only the entire financial sector, but 40% of all of the sectors of the global economy.
That previous commentary contained a slight simplification. In referring to our anti-trust laws, the laws which are supposed to make it impossible for any monopolies (or oligopolies) to ever exist; it was stated that those laws are now “never enforced”. However, in fact, this is not quite correct.
This nuance will be more clear to readers if illustrated with a parallel – and highly relevant -- analogy. In this case; the perfect analogy is our commodity markets, and the (true) role of the CFTC.
Sophisticated readers and precious metals investors quite naturally regard the CFTC as the ultimate “tooth-less tiger” when it comes to investigation and enforcement against the crimes of the One Bank in our commodity markets. But those readers who follow CFTC press releases and bulletins closely will realize that the CFTC is actually quite busy in enforcing its rules.
The important point here, however, is who is being targeted in these CFTC enforcement proceedings. Without exception; the only players in these markets whom the CFTC ever directs enforcement proceedings against are “the small fish.” It is here where we see one of the many parallels between monopolies, in general, and the Mafia (i.e. organized crime).
Both entities believe (with all their hearts) that nothing is “better for business” than eliminating any/all competition. And so we see the CFTC – paid servant of the One Bank – weeding-out all of the small criminals in commodity markets regularly/vigorously with enforcement proceedings. Thus the one, Big Criminal can wage its campaign of market-rigging, fraud, and theft without any competitors “muddying the waters” with schemes of their own.
This is nearly identical to the paradigm we see when it comes to our (corrupt) governments enforcing our anti-trust laws, and there is no better illustration of this than the latest “policy statement” from Canada’s government (now one year old) on its own enforcement regime.
The gist of the government’s policy-position regarding anti-trust laws is that it will continue to refuse to enforce these laws -- with one exception: “state-owned enterprises.” How do state-owned enterprises differ from the mega-corporations whom our governments allow to continue to grow larger (merging with each other) where there will continue to be no enforcement of the law?
State-owned enterprises are essentially owned by the People – all the People. Conversely the gigantic mega-corporations which are allowed to get bigger and bigger without ever having to worry about anti-trust laws being enforced against them are owned almost entirely by the Top-1%. More specifically; the majority of ownership of these mega-corporations is vested in a tiny sliver of that minority: the “top-1%” of the Top-1%, otherwise known as the Oligarchs.
Thus the foreign investment regime of Canada’s government (and other, corrupt Western governments) is finally made plain to see. There will be no enforcement of our anti-trust laws -- ever -- when it comes to the corporate fronts of the Oligarchs (and the One Bank, in particular) being allowed to continue to merge. In the case of the One Bank and our governments; the mantra is clearly “40% (of everything) is not enough.”