Janet Yellen, the newly nominated chief of the U.S. Federal Reserve, said this week that she'll press on with the Fed's unprecedented monetary stimulus until she sees a robust recovery. Meanwhile, President Obama backtracked just a bit on his socialization of American medicine, unilaterally deciding not to force insurance companies to pull the plug on millions of individual health policies after all-- at least until next year.
That's Washington for you. In fact, this is exactly how politicians mark what they call "developmental steps." But ordinary Americans certainly know what they're seeing, and it is in many ways similar to a rearranging the deck chairs on the Titanic before the ship hits an iceberg. Sadly that is what appears to be a somewhat a suitable analogy for the fate of the once invincible United States.
All Yellen is telling the Senate in her confirmation testimony is that she sees nothing wrong with continuing the Quantitative Easing policy of her predecessor, Ben Bernanke, until she sees further signs of economic trouble. So she's unlikely to taper the Fed's $85 billion in monthly bond purchases any time soon.
Yellen holds fast to the belief that "QE" is among the last few props still holding up the economic fate of the world. She is keeping it from falling into the abyss. This happened five years earlier. Equally stubborn, Obama has no objective of slowing down his effort to take control of Americans health care. This despite all the troubles he has caused himself by his initial lies on the campaign trail. He promised people could keep their doctor as well as their health plan under Obamacare.
Americans may be stupid-- but they aren't stupid. They see all of this and it creates one huge hesitation in their minds and hearts about the nation's economic future, and their own financial future. That's why consumers aren't spending the way the pundits believe they should be with Obama in charge, and why business owners aren't hiring the jobless the way the sages believe they should be, and why members of the Millennial generation aren't buying anything but cell-phone apps the way everyone else believes they should be. The smart ones see their future-- and it looks dim.
Still, despite it all, there are still things that common, everyday Americans can do to brace themselves for the next monetary calamity, one that political leaders are just biding their time in the hopes of missing. They can transfer their personal finances to real money, God's Cash: gold and silver instruments that have stood the test of time and are the only currencies guaranteed to stand whatever economic and spiritual tests await this generation of Americans.
That's Washington for you. In fact, this is exactly how politicians mark what they call "developmental steps." But ordinary Americans certainly know what they're seeing, and it is in many ways similar to a rearranging the deck chairs on the Titanic before the ship hits an iceberg. Sadly that is what appears to be a somewhat a suitable analogy for the fate of the once invincible United States.
All Yellen is telling the Senate in her confirmation testimony is that she sees nothing wrong with continuing the Quantitative Easing policy of her predecessor, Ben Bernanke, until she sees further signs of economic trouble. So she's unlikely to taper the Fed's $85 billion in monthly bond purchases any time soon.
Yellen holds fast to the belief that "QE" is among the last few props still holding up the economic fate of the world. She is keeping it from falling into the abyss. This happened five years earlier. Equally stubborn, Obama has no objective of slowing down his effort to take control of Americans health care. This despite all the troubles he has caused himself by his initial lies on the campaign trail. He promised people could keep their doctor as well as their health plan under Obamacare.
Americans may be stupid-- but they aren't stupid. They see all of this and it creates one huge hesitation in their minds and hearts about the nation's economic future, and their own financial future. That's why consumers aren't spending the way the pundits believe they should be with Obama in charge, and why business owners aren't hiring the jobless the way the sages believe they should be, and why members of the Millennial generation aren't buying anything but cell-phone apps the way everyone else believes they should be. The smart ones see their future-- and it looks dim.
Still, despite it all, there are still things that common, everyday Americans can do to brace themselves for the next monetary calamity, one that political leaders are just biding their time in the hopes of missing. They can transfer their personal finances to real money, God's Cash: gold and silver instruments that have stood the test of time and are the only currencies guaranteed to stand whatever economic and spiritual tests await this generation of Americans.
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