For an unpopular president to get re-elected even after a disastrous presidency all the Fed has to do is inject a lot more paper money into the economy during the last months of his term.
It doesn't create any new wealth, it's only paper after all, but it does steal wealth from everybody's savings by devaluating all existing currency.
And the new paper can then be lent out to create jobs etc (even though it's all borrowed money that will have to be paid back with interest).
The Fed creates money out of thin air like that all the time.
But when they do it on such a massive scale that it generates visible affects immediately they call it Quantitative Easing.
And that's how they were able to create the pretense of a slight economic recovery in the last couple of months of Obama's term.
They just printed up a lot of new monopoly money and injected it the to the economic corpse.
It can't possibly bring it back to life. In fact it speeds up its death, but it keeps the cadaver twitching long enough to sway the election.
The fed not only dumped $85 billion in new monopoly money into the economy, they intend to continue dumping $45 each month indefinitely.
We are seeing the beginning of hyper-inflation. We'll all be millionaires soon. Better buy a wheelbarrow to carry your money in now, before the price goes up.
No need for possible scenarios. It's already a work in progress.
Decades of deficit spending. Exchanging for paper our gold. Waging war after war, never ending. Believing the lies we are told. Giving not unto others fair treatment, Such as we would expect from their hands. But instead meting out gross injustice. As we pillage and plunder their lands. Selling deadly drugs in our cities, to finance covert foreign wars. Letting AIPAC bribe our politicians. Setting up political Czars. There's no end of reasons behind it this collapse of America's dream The music has died, we can't find it And we're feasting on Soylent Green.
Well gee, might as well cancel the elections then. If everybody's happy with the status quo. Just sit back and enjoy another four years of "Hoax and Chains".
Wouldn't make any difference to elect Romney anyway. He's just the same, and works for the same overlords.
Colon Powell. Oh yeah, isn't he the guy whose supposed strength of character lent undeserved credibility to Bush's claims that Iraq was on the verge of having nuclear weapons and thereby convinced both the US and the UN that the Iraqi people needed to be blown off the map.
I can't believe that anyone is still gullible enough to consider him as anything more than just one more lying politician.
I rode out hurricane Belle on Staten Island in 1976. My house was just a couple blocks from the shore and the eye passed just a few miles offshore. Other than tree limbs falling there wasn't much damage. It rained a lot but there was no major flooding.
When hyper-inflation kicks in at first some folks will grin they can pay off their old loans with a can of beans but when their stock of beans runs low there'll be no place left to go for the price will be, by then, beyond their means
Any savings tucked away will lose value every day so we'll have to spend as quickly as we're able And we won't discriminate money dwindles if we wait we'll be lucky to put something on the table
shelves will empty in the store long lines waiting at the door got to spend it quick before it disappears. the consumer nation's done don't complain, we had our fun now the cattle will be lean for seven years
Yes Great idea. If rich scoundrels want to influence the government to their own advantage they should pay for that right in ways that actually help the nation, not just their political puppets.
The top six individual donors alone made up half of Priorities USA Action’s total September haul.
So it's not a lot of patriotic little people. It's a few fat-cat donors. And who are they?
Chicago Media mogul Fred Eychaner (dual US/Israeli citizen) Direct donations to Obama's campaign. 2.7 million Total contributions to Democratic super PACs: $3.3 million
Jeffrey Katzenberg (dual US/Israeli citizen) He's given $2.6 million to the Obama campaign.
Jon Stryker, a pro-Zionist Jewish Michigan Philanthropist, contributed $2.07
hedge fund manager James Simons (a pro-zionist American Jew) gave $1.5 million,
businessman S. Daniel Abraham (a pro-zionist American Jew) contributed $1.2 million,
Dreamworks’ Steven Spielberg (dual US/Israeli citizen) $1 million.
lawyer David Boies (a Zionist Jew) put in another $1 million.
For Romney the biggest donors are:
- Sheldon Adelson (dual US/Israeli citizen), so far donated $34.2 million. Adelson owns the Israeli newspaper Israel Hayom, which is strongly linked to Israeli strongman Benjamin Netanyahu.
Bob Perry, a pro-zionist Jewish Houston real estate tycoon who has so far given $17.3 million;
Harold Simmons, pro-zionist Jewish owner of a Dallas-based Contran Corp. who has so far given $16.5 million;
Robert Rowling, pro-zionist Jewish head of Dallas-based TRT Holdings who has so far donated $4.1 million,
Pro-Zionist Jewish Industrialist William Koch, so far donating $4 million.
Now does the fact that the biggest contributors for both parties all represent the same ideological cause, which promotes the interests of a foreign nation rather than the interests of the US,....does that make them more patriotic than anybody else in the country? If so, towards what country is that patriotism directed?
Personally I am not so happy to see US politicians bought out by people's whose primary allegiance is to a parasitic foreign nation that wants to push the US into yet another senseless war.
Ah yes. It was sooooooooooooo patriotic for Wall Street banks to fund Obama into office just in time so that he could refund them a thousand times over with the bailout.
Raising money is not a guage of patriotism, it's a guage of special interests.
Who are the PACs that are filling Obama's coffers.
You can bet they represent Israel, the defense industry, and the wall Street banks.
And in Vietnam the US killed more than a million civilians.
What's more, in the "Phoenix Program, they systematically rounded up civilians and tortured them to death.
By 1972, Phoenix operatives had "neutralized" 81,740 suspected VC sympathizers.
Given its track record, I don't think the US has any right to condemn Serbians leaders for their conduct in what was (for them) a civil war against breakaway provinces of their own country.
The number of persons employed part time for economic reasons rose from 8.0 million in August to 8.6 million in September. These work part time because they are unable to find a full-time job.
In September, 2.5 million persons were marginally attached to the labor force. These individuals want and are available for work, and have looked for a job sometime in the prior 12 months. But were not counted as "unemployed" because they had not searched for work in the 4 weeks preceding the survey.
Among the marginally attached, there were 802,000 discouraged workers. These are persons not currently looking for work because they believe no jobs are available for them. They are not counted as being unemployed.
In September, employment rose in health care ( to be funded by taxation) and in transportation and warehousing.
Manufacturing employment edged down in September (-16,000)...job losses occurred in computer and electronic products (-6,000) and in printing and related activities (-3,000).
In September, employment rose in health care ( to be funded by taxation) and in transportation and warehousing.
So unemployment increased in the private sector but a lot of taxpayer funded jobs were created by the government.
That doesn't make the economy any healthier. It amounts to taking money out of the economy and using it to create a new bureaucracy. Some jobs are created, but they don't improve the economy because they don't add one cent of revenue. On the contrary the cost of the bureaucracy is a total loss. More people work, but the tax burden increases even more than the total income of the employed workers.
Obama thinking... ... "Now how can I scam my way into a second term now that people have seen that I don't keep my promises and that I am totally clueless."" ?????
hmmm ..."I guess I could always pretend to kill Bin Ladin again, but that didn't really help my standing much last time."
"I know!!!! I'll just lie and say the economy is recovering even though it's really still getting worse."
RE: Hopi say the End of the 4th World is Nearly Here...
stringman: "no body knows when the world will end, anyone human that is."That makes sense.