posted on May, 6 2013 @ 11:16 AM
The Fed is trying? trying to do what?
The Fed's actions only become clear when you realize whose interests the fed has in mind when it makes its decisions.
The Fed is nothing more than a cartel of banksters and every decision the fed makes is to further their interests, not ours. It was the biggest
mistake Obama made in his presidency when he took office and surrounded himself with banksters, the same banksters responsible for the economic crash
were put in charge of finding the solutions. Its no wonder that their solution was to pump $1 trillion per year into the banks in an attempt to pump
up asset prices and now the bankster are receiving $85 billion per month in welfare. For some banks like chase the welfare payments make up 75% of
their recorded profit last year.
Why is the Fed destroying the dollar and the economy to pump up asset prices? in one word, ENRON. ENRON was responsible for lobbying for mark to
market where a company could sign a contract and declare it to be 100% profit without ever realizing one dime. I believe that in the documentary
ENRON, it was stated in an interview that mark to market was a license to print money. The rush of cash into the housing market and the creation of
the housing bubble was caused by mark to market. Banksters were writing, buying and trading mortgages as fast as they could and mark to market enabled
them to declare an instant profit which they then sunk into their reserves. The presumption was that the housing market would never deflate, but it
did and when houses went under water, exposing the serious flaw in mark to market. The banksters realized the profit, a profit that did not exist, and
they accepted that risk based on the false assumption that housing prices would never decline. It meant that the underlying asset values in these
financial instruments decreased and that the banks suffered loses on profit that they never actually received and that the worthless financial paper
would have to be written down by the banks. You see, if the banks recorded profit as it came in, no write downs would be necessary, but because of
mark to market the banks would have or should have become insolvent if they were forced to accept reality of lower housing values and write down the
value of the financial instruments, and in doing so they would have had to write down their reserves.
So what did the Fed do? well it told the banks that they did not have to write the paper down, it infused the banks with cash, it protected the banks
and no prosecutions have been made, and the fed has bought some of this worthless paper to get it off the banks books which has effectively socialized
The Fed is now trying to spark inflation, they may claim that they aren't but that's a complete lie. The Fed is attempting to inflate the economy,
to cause asset prices underlying financial instruments to rise, and thereby save the banks by inflating the assets and raising the value of the
worthless paper to the level that supports the mark to market profit taken by the banksters. the DOW 15000 is a joke and proof that this plan is to
pump the market and create another false economy or economic bubble. While the real economy is starting to feel the effects of depression.
If you think that's bad news, here it gets worse
To save the cartel of banks, the Fed is monetizing the debt, destroying the dollar, and wrecking the American economy. The real problem for the US is
that this has open up cracks in the supremacy of the dollar as the world's reserve currency and now countries like the BRACS are rushing it to
displace the American petro dollar.
If anyone ever asks why are we in the middle east, its not for the oil, its to support the petro dollar. The battle cry over there should be "save
the petro dollar." Saudi families commit terrorist acts on American soil, cover it up, "save the petro dollar." Iraq threatens the Arab states,
attack Iraq, "save the petro dollar." Iran threatens the Arab states, attack Iran, "save the petro dollar." The US has a very financially
beneficial arrangement with the middle east, we give them military security, and in return we get to buy what ever we want by just printing money
because the rest of the world is forced to buy Arab oil with American dollars. If the petro dollar fails, the US will be in a death spiral. This is
why Bernanke is guilty of treason, in his attempt to save this cartel of banks from the consequences of their own stupidity and greed, the Fed has
open the US up to the possibility that the petro dollar will fail. This is the greatest threat to US national security EVER. But everyone is lining
their pockets, DOW is 15000, everyone has their pom poms out and cheering and when this next crash occurs, its going to be a currency crash and our
enemies are waiting at the gate. Everyone will ask who that could have happened, well now you know why.
As Ayn Rand said "you can ignore reality, but you can't ignore the consequences of reality"