I suggest you take a look at what the likes of Karl Denninger, Peter Schiff, Mish Shedlock, Bill Black, Bill Still, Max Keiser, and other similar economists are advocating. Very forcefully at times, by the way. They are not "mainstream" Keynesian economists like that idiot Paul Krugman who claims the Fed needs to increase its balance sheet so a "desirable" amount of inflation can be forced upon the system. Apparently Democrats and Republicans (no matter what they claim) still think you can inflate your way out of economic distress like Japan, Argentina and Weimar tried to do. It's sheer idiocy.
There is a reason why we have adhered to the same economic policies for the last 30 years. The same folks that managed the Clinton economy were hired by the Bush administration and promoted by the Obama administration. Larry Summers, Tim Geithner, Ben Bernanke, et cetera... all of them played a roll in developing the disaster in the 90's under Clinton. Free lunch economics, accounting fraud, and corruption, stuff that inarguably wrecks a free market will be protected by these clowns.
The solutions to these problems are quite simple and are advocated by the individuals listed above. Prosecute fraudulent accounting activity by the large banks, prosecute fraudulent mortgage foreclosures by the large banks, make high-frequency trading and other market shenanigans illegal, put Ben Bernanke and Hank Paulson in jail for sponsoring this crap under their oversight, destroy the Federal Reserve and restore monetary policy to the people, and allow interest rates to rise so that we can build a suitable economy for the future. You don't have to know multivariable calculus to look at a chart and see that the purchasing power of the US dollar has decreased over 90% since the Federal Reserve Act of 1913. That's all central banks know how to do... rob the middle class of its purchasing power.
These solutions are proposed all the time, but nobody in the mainstream media or political parties advocate this stuff. It is quite simple, as long as we have Republicans or Democrats in office, the Federal Reserve system, along with systemic fraud in the economy, will go unchecked. As long as Washington is hijacked by Wall Street, we will face economic policy designed to support failed financial institutions at the expense of your purchasing power and future. Ben Bernanke and his clan of rogue bankers only care about one thing, and that is the future of their cohorts on Wall Street. If that means they debase the currency into oblivion, they will take those measures. They know the contagion of fraud and futility is so deep that they would rather make the problem worse than have it collapse before their friends drain every single cent out of the nation they possibly can.
EDIT: All of the folks I named in this post PREDICTED this current mess. Krugman, Bernanke, and the other folks who run policy DID NOT. Why were they promoted?
There is a reason why we have adhered to the same economic policies for the last 30 years. The same folks that managed the Clinton economy were hired by the Bush administration and promoted by the Obama administration. Larry Summers, Tim Geithner, Ben Bernanke, et cetera... all of them played a roll in developing the disaster in the 90's under Clinton. Free lunch economics, accounting fraud, and corruption, stuff that inarguably wrecks a free market will be protected by these clowns.
The solutions to these problems are quite simple and are advocated by the individuals listed above. Prosecute fraudulent accounting activity by the large banks, prosecute fraudulent mortgage foreclosures by the large banks, make high-frequency trading and other market shenanigans illegal, put Ben Bernanke and Hank Paulson in jail for sponsoring this crap under their oversight, destroy the Federal Reserve and restore monetary policy to the people, and allow interest rates to rise so that we can build a suitable economy for the future. You don't have to know multivariable calculus to look at a chart and see that the purchasing power of the US dollar has decreased over 90% since the Federal Reserve Act of 1913. That's all central banks know how to do... rob the middle class of its purchasing power.
These solutions are proposed all the time, but nobody in the mainstream media or political parties advocate this stuff. It is quite simple, as long as we have Republicans or Democrats in office, the Federal Reserve system, along with systemic fraud in the economy, will go unchecked. As long as Washington is hijacked by Wall Street, we will face economic policy designed to support failed financial institutions at the expense of your purchasing power and future. Ben Bernanke and his clan of rogue bankers only care about one thing, and that is the future of their cohorts on Wall Street. If that means they debase the currency into oblivion, they will take those measures. They know the contagion of fraud and futility is so deep that they would rather make the problem worse than have it collapse before their friends drain every single cent out of the nation they possibly can.
EDIT: All of the folks I named in this post PREDICTED this current mess. Krugman, Bernanke, and the other folks who run policy DID NOT. Why were they promoted?
I do have a request. You talk about solutions in your reply, but you don't really elaborate. Could you give me a general break down if you don't mind? I'm just busy til Thursday this week, so I don't have much time to look for myself.
I understand breaking the Federal Reserve, prosecuting the major bank frauders, and interest rate freedom . Just hazy on what "restoring monetary policy" means.
