The American economy is in shambles and Bernanke has no clue what to do about it
August 29, 2011
For most informed people in the United States, it has become clear that over the past century the private Federal Reserve has been doing nothing other than systematically devaluing and debasing the dollar while destroying the American economy in every way imaginable.
This notion was just made that much more concrete after this year’s central bank meeting in the Teton Mountains of Wyoming.
The stock market continues to be marked with increased volatility, which some analysts believe will be the new norm for months or years to come, and hiring has slowed while the jobless rate, which is now conservatively exceeding 9%, continues to rise.
By all metrics the American economy has not recovered in any way and by most metrics it is continuing to degrade at a dangerous pace.
However, the mainstream media continues to pretend that none of this is true by pointing to small rallies in certain stock sectors and currencies as proof of “investors […] starting to entertain the notion that the economy may yet avoid slipping back into recession” as Reuters reports.
Where they get the support for this notion is beyond me as even Ben Shalom Bernanke, the current chairman of the private Federal Reserve cartel, has yet to present any solutions or even ways to mitigate this economic disaster.
Instead of presenting a single solution, all Bernanke is able to do at this point is give hollow guarantees and weak assurances of an economic recovery.
Take, for instance, Alan Ruskin, the head of G10 currency strategy at Germany’s Deutsche Bank, who was quoted by Reuters as saying, “For all the focus on QE issues, we should not lose sight of (Bernanke’s) most important message that the Fed does not foresee the economy heading into renewed recession, even if there is plenty of fragility.”
Of course, like Bernanke, Ruskin could not give a single concrete answer or solution if pressed to do so. Then again, the mainstream media fails to ever press for answers from these individuals, instead opting to pretend these ambiguous and questionable statements are somehow legitimate.
Recently I published an article going over just a few of the options we have to actually get America back on the road to economic recovery.
Unsurprisingly, not a single of these options has been offered as a solution by the corrupt and highly criminal banking cartels like the Federal Reserve and the International Monetary Fund or their media lapdogs.
Why? Because these organizations have no real interest in economic recovery so long as it means clamping down on rampant speculation, high-frequency trading and stock manipulation, fraudulent savings and loan practices and anything that impinges on the ludicrous profit margins afforded to multinational corporations thanks to “free trade” and globalism.
Like their American counterparts, the overseas banking cartels are making ambiguous demands of politicians. Take, for instance, the new Chief of the International Monetary Fund, Christine Lagarde’s call on legislators to “act now” in order to prevent further economic downturn.
No actual plans of action are ever presented, the only thing it seems these individuals are good far is making demands. Unfortunately, demands will not put us back on the road to recovery, nor do they do anything other than create an atmosphere of fear.
The demands coming from Lagarde and others are confusing to say the least. They want governments to rein in the budget problems and fix their economies, but they do not want them to make too many spending cuts.
Without outlining specific, viable solutions, these statements are all but totally useless. Our economy in the United States, and in turn the entire world’s economy, needs a concrete direction, and one that is not based on austerity measures.
If we continue to just complain and demand others make the changes necessary to return the economy to a positive trajectory, we will continue to stagnate indefinitely.
Madison Ruppert is the Editor and Owner-Operator of the alternative news and analysis database End The Lie and has no affiliation with any NGO, political party, economic school, or other organization/cause. If you have questions, comments, or corrections feel free to contact him at admin@EndtheLie.com0 views