Showing posts from December 31, 2011

Federal Reserve Banks

Ben Bernanke was a governor of one of the Federal Reserve Banks when he gave a speech on November 21, 2002. He was made Chairman of the Federal Reserve because he outlined the FIVE POINTS what he would do if our country faced another Great Depression - and this agreed with the elitists' agenda. So far, he HAS done four of the five in the order he gave them:

1. I will reduce interest rates to zero - done

2. I would buy securities from the banks to expand the fed's balance sheet - done

3. I will increase the money supply - done

4. I will buy our country's debt (that was QE1, QE2) - done

5. I will devalue the dollar by 40% - Expect this!

Note: Lindsay pointed out that FDR did this in 1933-34 when he said, bring in your one ounce gold pieces and the government will pay you $20.00. They issued a gold certificate which was worthless. FDR later announcement the price of gold would go up to $35.00 an ounce.

Unrelenting Global Economic Crisis for 2012?

Unrelenting Global Economic Crisis: A Doomsday View of 2012

Prof. James Petras
December 26, 2011
The economic, political and social outlook for 2012 is profoundly negative. The almost universal consensus, even among mainstream orthodox economists is pessimistic regarding the world economy. Although, even here, their predictions understate the scope and depth of the crises, there are powerful reasons to believe that beginning in 2012, we are heading toward a steeper decline than what was experienced during the Great Recession of 2008 – 2009. With fewer resources, greater debt and increasing popular resistance to shouldering the burden of saving the capitalist system, the governments cannot bail out the system.

Many of the major institutions and economic relations which were cause and consequence of world and regional capitalist expansion over the past three decades are in the process of disintegration and disarray. The previous economic engines of global expansio…