Video: Then Congressman Ron Paul Questions Federal Reserve Chairman Ben Bernanke About Real Inflation

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Does the Federal Reserve Manipulate the Stock Market?

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The Federal Reserve Lost $9 Trillion? What Liars! They gave that money away!

Did the Federal Reserve lose $9 trillion. No they didn’t. They gave it to the banks and to rich investors via the banks. The Fed have placed over a trillion dollars on its balance sheets since September 2012. The money is gone, and nobody at the Fed knows who the money went to. What a lie. Under sworn testimony to congress, Elizabeth Coleman, the inspector general of the Federal Reserve, claims to know nothing. And she might not, especially if her job includes remaining ignorant of the trillions of dollars that the Federal Reserve has given away. She performs that function of her job as well as anybody could.

Bloomberg reports that there are “trillions of dollars of off-balance sheet transactions that the Federal Reserve has entered into to,” according to Grayson.

I called it years ago. Back in 2009, the Fed reportedly lent $26 trillion to the banks to save rich investors. That’s a ton of money. The total wealth of the US as of 2009 was $53 trillion. The total Gross Domestic Product of the US is about $16 trillion a year.

The banks reportedly paid the money back less than two years later, which was statistically impossible, given that all US banks combined earn about $150 billion a year. That means only one thing. The Fed fixed its books, the banks fixed their books too, and this was to make it appear that the banks paid the money back. There are ton of crimes being committed in this case, such as tax evasion and money laundering.

Check out the article below for more this these criminal actions on the part of the Fed and the banks.

breakdown-of-the-26-trillion-the-federal-reserve-handed-out-to-save-rich-incompetent-investors-but-who-purchase-political-power–JohnHively.wordpress.com

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The Fiscal Cliff: Just Another Lie in the Grand Strategy?

We’ve been told a ton of bull shit about the deficit and the looming fiscal cliff, which is a combination of tax increases and spending cuts that will kick in shortly after the end of 2012. We’re told by our corporate leaders, like Barack Obama, Joe Biden, Ron Wyden, Mitt Romney, John Boehner and others that the deficit is too great! They tell us there must be spending cuts and tax increases to solve the problem. This is a total load of bull shit in a grand farce being played out in the halls of congress and the white house to fool the American people. There is no great problem too big to solve. The short term answer to the so-called deficit problems can be found in the words and actions of Federal Reserve Chairman Ben Bernanke.

Back in 2008 or so, the Federal Reserve (the Fed) printed up $26 trillion and loaned it to several banks. According to Bernanke, the banks paid most of the money back by 2011. That means the Federal Reserve has somewhat short of $26 trillion it can simply give the US government. It’s money that’s just sitting there, hopefully collecting interest.

Think about it. The Fed was willing to bail out rich investors, but Obama, the Democrats and the Republicans are unwilling to ask the Fed to do the same thing for the rest of the American people, even though the Fed is sitting on stacks and stacks of cash. Their attitude is simple; what’s good for the 1 percent is way too good for the lower class 99 percent.

Political grand theater is occurring right before our eyes. It’s a great way to get us emotionally involved in an argument with an easy solution other than tax increases and spending cuts.

Yes I know. There are people who will say that it is not possible to use the $26 trillion to save the American people, although it was okay use it to save rich investors from their own stupidity. And these people would be right, but for all the wrong reasons.

Here’s the real reason why it can’t happen. Bernanke lied. The recipients of the $26 trillion never paid it back (Check out the story below). The Fed cooked it’s books, the recipients cooked theirs, to make it appear they paid it back, which was mathematically impossible.

But that doesn’t mean the Fed couldn’t simply print up a trillion or so dollars and help out the other 99 percent of the American people. It should because it can, but it can’t because to do so would change the hidden rules of the grand charade being played out by the 1 percent and their representatives in government, in order to mislead the 99 percent again.

Related stories

Breakdown-of-the-26-trillion-the-federal-reserve-handed-out-to-save-rich-incompetent-investors-but-who-purchase-political-power–JohnHively.wordpress.com

Obama Willing to Compromise on the Fiscal Cliff–Guardian.UK

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Video: Mitt Romney Says More Dumb Stuff, but Doesn’t Mention the Rich Are the Biggest Government Welfare Queens

In Wall Street Mitt the Twit’s Bizarre World of the Insane and Out-of-touch-with-Reality, 47 percent of US citizens want the government to take care of them. But it is the 1 percent richest that want government to take care of them, by providing them with handouts called bailouts when they make stupid investment decisions, by allowing them to steal other people’s income via legislation such as free trade treaties, privatization and deregulation scams. There are tons of other government programs, such as wars, military build-ups, private armies paid for with US tax dollars, airports for private airline corporations, not to mention tax breaks, tax cuts and overseas tax havens. Even US foreign aid comes with strings attached, such as the recipient nations must use the money to purchase stuff from the US corporations that serve as income redistribution conduits on behalf of the 1 percent. That means US corporations are the actual recipients of US foreign aid, which jacks up their profits, dividends and stock prices. This is hardly a complete list of government handout or what should be called welfare programs for the rich. Such welfare pushes corporate profits higher, sends dividends for the affluent surging and ignites the value of corporate stocks and bonds. These things benefit the rich and keep Wall Street afloat.

Not only do the rich expect the government to bail them out when they make dumb investment decisions, they also expect the Federal Reserve to bail them out, as well. And guess what? Providing welfare to the rich at the expense of everybody else has become the primary responsibility of the US government and the Federal Reserve.

Ask Mitt the Twit. Free trade treaties helped to pave the way for him to send jobs overseas. US workers lost their jobs, but Mitt pocketed the difference between the old higher US wages and the new lower overseas wages. That’s how Mitt became rich. In other words, Mitt the Twit Romney is too stupid to know that he is rich because he is a government handout/welfare queen. And he thinks that’s what an economy is for; to make the 1 percent richer at the expense of everybody else.

According to Mentally Screwed Up Mitt, those people don’t pay any income taxes. The twit’s claim is ridiculous, of course. It’s true about 46 percent of Americans pay no federal income taxes, but that includes a ton working Americans, a huge pool of retired people and a sizable portion of high income people who hide their income in overseas tax havens, such as the Cayman Islands. Mitt also fails to mention that virtually all income growth, when inflation is factored in, for the last thirty years has gone to the 1 percent. That means they’re going to pay more in income taxes, even if they pay it at lower rates than working people. Mitt is a complete idiot. He’s dumber than George W. Bush, and he was blindly stupid. Mitt probably would never have become rich if his daddy hadn’t been the head of one of the world’s largest auto makers. What a dumb ass!

Check out the video below of Wall Street Mitt the Twit Romney completely out of touch with reality.

Click the link below for a related story and point-of-view from Jesus Christ.

What if Jesus Had been a republican–JohnhIvely.wordpress.com

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Eight Key Charts About the Growing Income Inequality in the United States

Number one is real simple. I predicted it in my book, The Rigged Game: Corporate America and a People Betrayed, that income inequality is growing in the United States. President Obama, Wall Street Senator Ron Wyden, the Democratic party leadership, Mitt Romney and the Republican party leadership, know this. They all have the same plan regardless of who wins the upcoming presidential election. They plan to make sure income inequality continues to grow by redistributing income and wealth from the 99 to the 1 percent.

Currently, the 1 percent receive about 30 percent of all income in the US, up from about 7-8 percent in 1980. That means the 99 percent have less money to purchase stuff with, which is why the economy is mired in this Great Recession, jobs are scarce, and the economy is tilting on the edge of an economic abyss that will make our current situation look like the good old days.

There is one key difference between the two; Republicans want to redistribute income to the 1 percent faster than the Democrats. Big Deal. The end result is the same; the economic disenfranchisement of the 99 percent. It will soon be banana republic time in the United States. Political disenfranchisement has already occurred.

The rich have created a much larger income gap because they have stolen the money from the 99 percent via US legislation, such as free trade treaties, deregulation and privatization scams. All of these redistribute income from the 99 to the 1 percent.

Liberal Wall Street Senator Ron Wyden, a nasty son-of-a-Wall Street-Bitch, is a driving force behind these scams. Free trade treaties open the door for US businesses to ship (or create) jobs overseas. The difference between the lost higher wage US jobs and the new lower overseas jobs goes into the pockets of the rich via higher corporate profits, surging dividends and rising share prices. The senator of Wall Street knows this but continues to vote for Wall Street and hedge funds over the interests of the 99 percent. Worse yet, the jobs shipped away or created overseas were once the tax base that supported government services, such as schools, roads, bridges, fire fighters and polices.

“The middle class is shrinking. According to Prof. Alan Krueger, Chairman of President Obama’s Council of Economic Advisers, ‘the shift in income inequality over the last three decades is the equivalent of moving $1.1 trillion of income from the 99 percent to the top 1 percent every single year.’” There’s a reason for this. That’s because $1.1 trillion of income has been redistributed every year on average from the 99 to the 1 percent via free trade treaties, deregulation and privatization scams.

The middle class is still shrinking under Obama. He knows this and continues to sign legislation to do exactly this. Last autumn he signed free trade treaties with Panama, South Korea and Colombia. The result, according to numerous estimates, will be a net loss of nearly a million jobs. So the difference between the old higher wages and the new lower wages goes into the pockets of the wealthy. Now Obama has his people negotiating the Trans Pacific Free Trade Agreement (TPP), which the Guardian newspaper of the UK calls “Nafta on steroids.” The TPP will accelerate the decline of the middle class by redistributing more income and political power from the 99 to the 1 percent. Obama knows this, but continues the policy anyway.

So what? Profits are up? Where are the jobs? Obviously, trickle down didn’t work. Worldwide, US corporations are sitting on over $5 trillion. But they can’t invest it because demand is so slack due to the massive redistribution of income from the 99 to the 1 percent.

Wall Street Mitt the Twit Romney claims tax cuts for the rich will stimulate the economy, but 30 years of failed trickle down economics is ultimately the primary reason the current economy sucks big time, like total New Great Depression. The Twit’s trickle down economic policies will only make things worse for the 99 percent. That’s because the 1 percent will have more income with the cuts with which to purchase more legislation from Mitt Romney (if elected), Obama (if re-elected), Ron Wyden, John Boehner, Rand Paul, Earl Blumenauer and lots of others in congress and the senate. So does Obama and Wyden. Too bad for the 99 percent. Apparently, Mitt the Twit thinks the US economy should be used to redistribute income from the 99 to the 1 percent. Make the rich richer at the expense of the rest of us? I don’t think that’s what an economy is for.

Bank profits are enormous because the Federal Reserve continues to help these folks out. Fed Chairman Ben Bernanke last week announced a plan to stimulate the economy. It was a lie. The fed has decided to purchase $40 billion of worthless mortgage backed bonds from wealthy investors and institutions such as investment banks like Goldman Sachs and Morgan Stanley. The Fed will purchase the worthless or nearly worthless bonds on a face value basis. If the investors or banks paid $10 million for the bonds, which are now valueless, the Fed will still pay the stupid bank or investor $10 million for the worthless bonds. The Fed has been very helpful with increasing the profits of banks for several years now using such scams.

CEO pay has risen because the government and the Federal Reserve continue to bail out the rich and help to increase corporate profits by enacting income redistribution legislation, like the South Korea free trade treaty. See the chart above.

There is a reason 1 in 5 US workers earn so little. Wall Street Senator Ron Wyden and others continue to redistribute income from the 99 to the 1 percent via free trade treaties that ship or create jobs overseas. This puts downward pressure on wages in the US, which redistributes income from the 99 to the 1 percent. The same process occurs when too many immigrants come to the US, creating a surplus of labor, which also puts downward pressure on wages. Republicans love this, but so do Wall Street democrats, like Ron Wyden.

Related story

Breakdown of the $26 trillion the Federal Reserve Handed Out to Save Stupid, but Rich, Investors and Banks

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Are We In the USA Better Off Than Four Years Ago?

Everybody with half a brain knows we in the US are better off than four years ago. The US was on the verge of an economic collapse four years ago, thanks to Republican policies. The policies of President Obama and the Federal Reserve saved the day. Under the Republican plan, which Wall Street Mitt the Twit Romney and his running mate Paul “Complete Idiot” Ryan plan to resurrect, the US economy was on the verge of a complete collapse, like during the Great Depression.

On the other hand, the US remains on the verge of collapse and Obama and Federal Reserve Chairman Ben Bernanke have no intention of doing anything about it. And it’s worse than I make it out to be. With over 93 percent of all US income growth going to the 1 percent, it’s only a matter of time before the economy continues to collapse.

Only the federal deficit, the Great Society programs like food stamps, and the New Deal (Social Security, unemployment insurance, etc…) have kept demand at a high enough level to stop the coming Great Collapse.

Click the link below for why the Democrats should celebrate Obama’s successes, but not his failure.

Is the USA Better Off Now Than Four Years Ago? The Guardian UK

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Federal Reserve prepared to take action if US economy does not show growth

The Federal Reserve plans to do everything in its power to spur economic growth except for the things that need to be done, all of which are outside of the Fed’s power. So the latest meeting of the Fed governors was a joke.

Income has been redistributed from the 99 to the 1 percent at record levels for the last several decades. For example, 1 percent now steal nearly 30 percent of total US income compared to about 7 percent thirty-two years ago. The 1 percent also received 93 percent of total US income growth for the last two years. That means the 99 percent have less and less money to burn, severely reducing the demand for goods and services, forcing US businesses to hoard almost $6 trillion because of the lack of demand. By the way, that’s money they’ve stolen via legislation from the 99 percent. Do you see a series of connections here?

One other point needs to be made; trickle down economics never worked. It was a scam. It was only intended to redistribute income from the 99 to the 1 percent. The folks at the Fed, and in the Federal government, have no intention of doing anything about these issues. That means whatever actions the Fed can take to spur economic growth are doomed to failure, even if the actions might result in some minor short term gains.

Click on the link below to see the actions the Fed intends to take.
Federal Reserve Prepared to Take Action on Economy–The Guardian UK

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Has the Federal Reserve Run Out of Options to Stimulate the Economy?

The United States Federal Reserve’s recently announced that it’ll continue “Operation Twist” by buying an additional $267 billion of long-term Treasury bonds during the following six months. That means they’ll have bought a total of $667 billion for 2012. So far, this policy has had virtually no impact on interest rates or equity prices. Those markets failed to respond. That means that monetary easing is no longer a useful tool for increasing economic activity.

The fed’s policies during the economic crisis that began almost five years ago have been extremely helpful in bailing out rich, but remarkably dumb investors, but the policies have been lacking in bailing out the 99 percent. That’s the purpose of the Federal Reserve.

Of course, the federal government has followed the same path; bail out the 1 percent, to hell with the 99 percent.

Don’t expect the Federal Reserve or the Federal Government to deal with the massive redistribution of income and wealth (that has been legislatively created by the Federal Government) from the 99 to the 1 percent during the last thirty-one years. That’s the real problem with the economy. The demand for goods and services is lower than 30 years ago because the 1 percent now receive 27 percent of the total national income compared to about 8 percent thirty years ago. That means the 99 percent has less cash to buy stuff. And that means the demand for goods and services will continue to be weak.

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The Federal Reserve Has Run Out of Options–The Guardian

Breakdown of the $26 Trillion the Federal Reserve Handed Out to Save Incompetent, But Rich Investors,

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The Federal Reserve to Meet over Lagging Economy, and They Won’t Deal With Reality

The plodding US economy, meager job growth and market tensions over Europe’s debt crisis will hang over Federal Reserve policymakers when they meet next week.

A recent string of weak data on the economy, from rising jobless claims to easing inflation as gasoline prices retrench, has raised speculation that the Fed may act to boost growth.

When the Federal Open Market Committee (FOMC) meets Tuesday and Wednesday, policymakers will know the outcome of Sunday’s Greek election, which could see voters reject the country’s EU-IMF bailout and force it to exit the eurozone. That would be a good thing for the 99 percent of Greece.

However, the Fed will not deal with the redistribution of income and wealth that has occurred over the last thirty years in the United States. That’s what ails the US economy.

The US government has enacted legislation during the last thirty years that has redistributed income from the 99 percent to the 1 percent; the 1 percent now receive about 27 percent of all income generated in the US compared to about 8 percent thirty-one years ago. That means the 99 percent have less cash to buy stuff, so the economy remains fragile because demand for goods and services is weak.

In the meantime, the 1 percent use their ill gotten income to find ways to suck more money out of the of 99 percent, like more free income redistribution trade treaties.

In other words, when the mighty officials of the Federal Reserve meet on Tuesday, perhaps they’ll look at ways to tweak the economy, because they have no intention of dealing with the reality of why the US economy sucks for the 99 percent. That would upset members of the 1 percent who control the US government, and who would then demand the political heads of Ben Bernanke and other Federal Reserve officials.

On the other hand, it’s possible the Federal Reserve is meeting to decide just how they can put more money into the hands of the rich, especially since the Fed has given $26 trillion to the banksters and fixed their books to make it look like the money was paid back when it was impossible to have done so. So perhaps they’re meeting to decide how they can suck more cash out of the 99 percent and give it to the 1 percent. That is their job, or so it seems.

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Why Wall Street Mitt is Wrong When He Says He’ll Cut Government Spending and That Will Solve All Our Economic Problems

One percent took home 93 percent of total US Income Growth 2009-2010

Breakdown of the $26 Trillion the Federal Reserve Gave Out to Save Incompetent Investors

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