White House's Secret Federal Reserve Meeting - WARNING !
Apr 18, 2016 23:36:16 #
No meeting like this has ever taken place before...ask yourself why now?
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What happened at the White Houses secret Federal Reserve meeting?
by Ron Paul
President Barack Obama and Vice President Joe Biden just held a hastily arranged secret meeting with Federal Reserve Chairman Janet Yellen.
According to the one paragraph statement released by the White House following the meeting, Yellen, Obama, and Biden simply exchanged notes about the economy and the progress of financial reform.
Because the meeting was held behind closed doors, the American people have no way of knowing what else the three might have discussed.
Yellens secret meeting at the White House followed an emergency secret Federal Reserve Board meeting.
The Fed then held another secret meeting to discuss bank reform.
These secret meetings come on the heels of the Federal Reserve Bank of Atlantas estimate that first quarter GDP growth was .01 percent, dangerously close to the official definition of recession.
Thus the real reason for all these secret meetings could be a panic that the Feds eight year explosion of money creation has not just failed to revive the economy, but is about to cause another major market meltdown.
Establishment politicians and economists find the Feds failures puzzling.
According to the Keynesian paradigm that still dominates the thinking of most policymakers, the Feds money creation should have produced such robust growth that today the Fed would be raising interest rates to prevent the economy from overheating.
The Feds response to its failures is to find new ways to pump money into the economy. Hence the Fed is actually considering implementing negative interest rates.
Negative interest rates are a hidden tax on savings. Negative interest rates may create the short-term illusion of growth, but, by discouraging savings, they will cause tremendous long-term economic damage.
Even as Yellen admits that the Fed has not taken negative interest rates off the table, she and other Fed officials are still promising to raise rates this year.
The Federal Reserve needs to promise future rate increases in order to stop nervous investors from fleeing US markets and challenging the dollars reserve currency status.
The Fed can only keep the wolves at bay with promises of future rate increases for so long before its polices cause a major dollar crisis.
However, raising rates could also cause major economic problems. Higher interest rates will hurt the millions of Americans struggling with student loan, credit card, and other forms of debt.
Already over 40 percent of Americans who owe student loan debt are defaulting on their payments.
If Federal Reserve policies increase the burden of student loan debt, the number of defaults will dramatically increase leading to a bursting of the student loan bubble.
By increasing the federal governments cost of borrowing, an interest rate increase will also make it harder for the federal government to manage its debt. Increased costs of debt financing will place increased burden on the American people and could be the last straw that finally pushes the federal government into a Greek-style financial crisis.
The no-win situation the Fed finds itself in is a sign that we are reaching the inevitable collapse of the fiat currency system.
Unless immediate steps are taken to manage the t***sition, this collapse could usher in an economic catastrophe dwarfing the Great Depression.
Therefore, those of us who know the t***h must redouble our efforts to spread the ideas of liberty.
If we are successful we may be able to force Congress to properly manage the t***sition by cutting spending in all areas and auditing, then ending, the Federal Reserve. We may also be able to ensure the current crisis ends not just the Fed but the entire welfare-warfare state.
>>>>>>>>>>>>>>>>>>>>>>>>
What happened at the White Houses secret Federal Reserve meeting?
by Ron Paul
President Barack Obama and Vice President Joe Biden just held a hastily arranged secret meeting with Federal Reserve Chairman Janet Yellen.
According to the one paragraph statement released by the White House following the meeting, Yellen, Obama, and Biden simply exchanged notes about the economy and the progress of financial reform.
Because the meeting was held behind closed doors, the American people have no way of knowing what else the three might have discussed.
Yellens secret meeting at the White House followed an emergency secret Federal Reserve Board meeting.
The Fed then held another secret meeting to discuss bank reform.
These secret meetings come on the heels of the Federal Reserve Bank of Atlantas estimate that first quarter GDP growth was .01 percent, dangerously close to the official definition of recession.
Thus the real reason for all these secret meetings could be a panic that the Feds eight year explosion of money creation has not just failed to revive the economy, but is about to cause another major market meltdown.
Establishment politicians and economists find the Feds failures puzzling.
According to the Keynesian paradigm that still dominates the thinking of most policymakers, the Feds money creation should have produced such robust growth that today the Fed would be raising interest rates to prevent the economy from overheating.
The Feds response to its failures is to find new ways to pump money into the economy. Hence the Fed is actually considering implementing negative interest rates.
Negative interest rates are a hidden tax on savings. Negative interest rates may create the short-term illusion of growth, but, by discouraging savings, they will cause tremendous long-term economic damage.
Even as Yellen admits that the Fed has not taken negative interest rates off the table, she and other Fed officials are still promising to raise rates this year.
The Federal Reserve needs to promise future rate increases in order to stop nervous investors from fleeing US markets and challenging the dollars reserve currency status.
The Fed can only keep the wolves at bay with promises of future rate increases for so long before its polices cause a major dollar crisis.
However, raising rates could also cause major economic problems. Higher interest rates will hurt the millions of Americans struggling with student loan, credit card, and other forms of debt.
Already over 40 percent of Americans who owe student loan debt are defaulting on their payments.
If Federal Reserve policies increase the burden of student loan debt, the number of defaults will dramatically increase leading to a bursting of the student loan bubble.
By increasing the federal governments cost of borrowing, an interest rate increase will also make it harder for the federal government to manage its debt. Increased costs of debt financing will place increased burden on the American people and could be the last straw that finally pushes the federal government into a Greek-style financial crisis.
The no-win situation the Fed finds itself in is a sign that we are reaching the inevitable collapse of the fiat currency system.
Unless immediate steps are taken to manage the t***sition, this collapse could usher in an economic catastrophe dwarfing the Great Depression.
Therefore, those of us who know the t***h must redouble our efforts to spread the ideas of liberty.
If we are successful we may be able to force Congress to properly manage the t***sition by cutting spending in all areas and auditing, then ending, the Federal Reserve. We may also be able to ensure the current crisis ends not just the Fed but the entire welfare-warfare state.
Apr 19, 2016 00:35:10 #
Apr 19, 2016 00:53:27 #
Smokie wrote:
So much for T***SPARENCY!
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I am past sick n tired of these people, this will not go on much longer.
Apr 19, 2016 07:18:45 #
It's gonna be bad Sicilian. Way way worse than the 30's...
We've all seen pictures of 'soup lines' people selling apples on street corners.
JFK tried to get America away from these damn Khazars running TGE Fed RES to no avail.
Some say we got till September. TGE BDI ( Baltic Dry Index) has been below 300 for quite some time.
600+ ships moored off coast of Malasyia. Nothing to haul or t***sport.
The Globe is winding down, from what I'd been able to determine.
A GCR ( Global Currency Reset)is beginning. China will be the Worlds reserve currency, or so they say.(:
We've all seen pictures of 'soup lines' people selling apples on street corners.
JFK tried to get America away from these damn Khazars running TGE Fed RES to no avail.
Some say we got till September. TGE BDI ( Baltic Dry Index) has been below 300 for quite some time.
600+ ships moored off coast of Malasyia. Nothing to haul or t***sport.
The Globe is winding down, from what I'd been able to determine.
A GCR ( Global Currency Reset)is beginning. China will be the Worlds reserve currency, or so they say.(:
Apr 19, 2016 10:39:01 #
okie don wrote:
It's gonna be bad Sicilian. Way way worse than the... (show quote)
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Over my Dead body Don... We
Will WAGE A CIVIL War to reverse the damages,
End the FEDERAL Reserve Clan and restore the Republic Dollar Currency to it's Sovereign state !
The Groups are ready and lines are being drawn.
Let em' try it Don... We Are GONNA FIGHT !
Apr 19, 2016 15:02:05 #
Apr 19, 2016 19:48:45 #
chuck slusser wrote:
brave talk from someone who has not done anything to help except b***h about it.....
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Not true and you know not what I do, done.
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