Let’s hope this isn’t what she is saying when she says that scrutiny of the Fed (ha!) in the 1970s was the reason for stagflation. I mean they must be REALLY scared of an audit to float that line. I’m actually surprised.
The Federal Reserve, as we have noted, is the Prime Mover of crony capitalism. It is a politburo. It is a central planning committee. It is a tool by which the big banks are backstopped with the wealth of the American people. It should be audited. It should be opened.
This is what the dollar has done under the Fed.
If you want to read the piece to which Senator Paul is responding it is HERE.
Basically the bankers are coming with all guns for the guy who might expose the central bank racket they’ve been running for a very very long time. If everyday people were to actually learn of the things the Federal Reserve has done, indeed why it exists (to backstop the big banks – with the wealth of the American people – and to keep the debt game rolling) there is the chance that the American people might just call bullsh*t on the institution. The bankers, the banking “shamans,” can’t have that. Their power is unfathomable to the average person and that is how they would like to keep it.
One can feel it. The initial optimism which spiked in this country with falling gas prices already feels long in the tooth. And the USA is basically the best there is. Pretty much every other major economy in the world is in recession or near recession.
Bernie Sanders is perpetually out to lunch and has been of course for a long time. Occasionally some light seems to shine onto the brain of the Vermont Senator, but too little. The clouds are definitely over the sun on this one.
We’ve been talking about this for a very long time. The play from the Wall Street banks, you know the ones you and I bailed out and kept alive after they leveraged themselves to oblivion, is to sew up the 2016 presidential contest early.
Debt is addictive. Once one gets on the stuff it is nearly impossible to get off of. And like all hard drugs, sooner or later debt will extract its toll. It certainly did in 2008. But instead of getting sober and real after that fateful year the world went on a binge instead. Not a very healthy thing to do. There will be pain, likely quite a lot of pain when the debt stops “working.”
When will reality come calling? It already has in many parts of the globe. But even the instability we see now is likely only a precursor of what is on the way.
I personally am a big fan of suits. They are functional and most people look good in them. A well tailored suit is about as comfortable as one can get. I like a nice tie and wear cuff links when the occasion warrants. Saying that I have no problem if a presidential candidate, at a forum in Las Vegas of all places chooses not to wear a tie and also chooses to wear jeans.
That’s what Rand did at a recent event, and some of the old boys at the forum didn’t much care for it. As the below article reports many of the Republican silverbacks are much more comfortable with a “Romney type.”
That’s a huge problem if the GOP actually wants to win the presidency.