Archive for November, 2010
QE2 WILL NOT WORK
Regarding the Fed Quantitative easing 2 (QE2) :
You know this is the type of stuff America use to accuse the communists and socialist governments of doing, interfering in free markets and currency manipulation.
What the fed is doing is not good for free market capitalism and it is not good for America.
The government is buying securities to prop up the economy. If you keep doing what third world economies do, eventually you will become a third world economy. The fed has done this before in QE1 to no avail with a dismal result, but they keep doing the same thing over and over again.
This is not the solution for healing the private sector to necessitate job creation.
What is needed is the legal protection for the invested capital, protection for the value of our homes and policies that encourage capitalism and risk taking.
The fed is following the economic models of third world countries of printing more money and devaluing their currencies; and what is most troubling to me about this, is that the Fed’s QE2 is in alignment with George Soros agenda to destroy global capitalism; increase the debt, devalue our currency, create a bigger problem that wont solve the crisis, loot the economy again, and let the capitalist America collapse under its own weight of massive debt; the collapse of capitalism is a big pay day for George Soros and the members of Managed Funds Association (MFA); the hedge fund short sellers on wall street; they are betting against the dollar, moving assets to gold and to the emerging market economies; they are betting against the US survival as a capitalist nation.
Have you heard them say they want to restore capitalism?
But you will hear them talk about the “new normal” meaning we are not going back to capitalism, and that is by design, as a result, anything that MFA approves for the Obama administration to do will not lead us back to capitalism and that is the new normal; things are not going to change for the better. They have declared capitalism dead.
Taking their marching orders from George Soros’ organizations, MFA and the Center for American progress which should more aptly be called center for American destruction:
The Obama administration is doing everything that they are not supposed to do, and they have consistently failed to do the things that they are supposed to do, and need to do to fix the economic crisis.
The puppet master George Soros and members of MFA are calling the shots.
George Soros’ net worth has more than quadruple from $7 billion dollars before the wall street collapse of 2008 to $25 billion in 2010 according to Forbes magazine estimate.
My calculation puts George Soros net worth at about $30 billion dollars.
Ben Barnanke is printing more money to replace the stolen money from American families and the capitalist corporation by the members of Managed Funds Association.
Like I said in my book “Wizards of Wall Street ” the looters are embedded in the Obama administration; they have been given a seat at the table in the white house offering counsel and advice to the President, with their foot on the economic neck of the country, suppressing business freedom, capitalism and economic growth while they are chumming it up with the President and his cabinet; as the nation continues racking up more debt in trillions upon trillions to replace the stolen money instead of following the money paper trail and recover as much of the stolen money as possible.
The fed is pursuing the wrong policy allowing the looters to digest the stolen money.
and they are digging us deeper into the hole.
The fed already spent $1 trillion dollars in QE1 and it did not work. It created only about 150,000 jobs at a whopping cost of $6.7 million dollars per job. This is not the correct solution to fix the economic crisis and heal the private sector so it can start creating jobs again.
The QE2 will have the same effect as the QE1, it will not solve the economic crisis.
Actually, the Fed already told you that this QE2 is not going to work. They did so to preserve their credibility; they cautioned the country not to expect the Fed to fix all the economy’s problems, they said that it will take time and effort from other branches and bodies of the government and the private sector to fix this problem:
So if the fed knows that the QE2 program is not going to work, why are they still going forward with it; Could it be pressure from MFA or Center for American progress or Creepy Tim Geithner taking directives from John Podesta who is employed by George Soros ?
Do we still have an independent fed, or has Ben Bernanke been compromised ?
I ask these questions because the fed action of QE1 and QE2 is in alignment with George Soros agenda to devalue the dollar, stop the dollar from being the global reserve currency, and collapse the global capitalist system
The QE2 is an exercise in futility which will lead to more government waste; another failed government stimulus spending; deliberately pouring our money down the drain or into the bank accounts of the hedge fund short sellers members of MFA where George Soros is a member of the founders’ council responsible for setting the agenda and directives for the organization.
To those who wants to get rid of the fed. I will say no, because an independent fed is good for America but a compromised fed such as we have now is not. So lets get rid of the root cause of the problems:
Get rid of George Soros - Ban him from trading stocks, bonds, currencies or derivatives.
Abolish Managed Funds Association, do not allow them to regroup or reorganize under a different name; arrest the key plotters who engineered the economic collapse and let them stand trial. Get rid of Ben Barnanke, and Creepy Tim Geithner, appoint a new fed chief who is independently wealthy, a capitalist and freedom lover, a patriotic American, and please no academians or career politicians. Implement the 7-point action plan solution in my book
I bring this truth and stubborn facts to you so that you will be more informed.
Those who want to transform America from capitalism to socialism are still pushing forward with their agenda; these are bad guys; they are always one step ahead, and they have no regard for the constitution or the process, they lie and cheat, and they deceive and bribe, and use any means possible:
Even though they lost the congress, it is not stopping them – what they can not obtain through legislation they will obtain through regulation – through the regulatory agencies.
It is their multi prong strategy – simultaneously working the legislators and the regulators.
They have infiltrated and compromised the supposedly independent regulatory agencies.
They captured the SEC. Mary Schapiro is a captured regulator – controlled by MFA
They captured the Financial accounting standards board.(FASB) Robert Herz is a captured regulator – controlled by MFA.
They wanted control of the federal reserve by proposing the creation of a Super Regulator – a systemic risk regulator (as boss over all regulatory agencies), but they later supported the reappointment of Ben Bernanke.
I do not think they would have done that, if Bernanke was not going to play ball with them.
The fed Chairman has been acting like a captured regulator.
Both the QE1 and QE2 are stimulus spending in disguise. Just like I said in my book
“Wizards of Wall Street ” no amount of stimulus spending will fix this economic crisis.
This Fed action of QE2 is not going to fix the economic crisis or heal the private sector;
The Fed is cooperating and accommodating members of MFA to further defraud the American families and the capitalist investors by implementing MFA scam to loot America.
To fix this economic crisis will require the correction of the errors of Christopher Cox the former SEC Chairman, either from the SEC, or the congress and the senate or the President of United states, but unfortunately, most recently, the elected officials were all receiving campaign contributions from the members of Managed Funds Association; the Hedge Fund Short sellers on Wall Street, so no corrective action will be taken anytime soon. Sad but true.
The truth is a stubborn fact, obstinate and refractory:
The correct solution for fixing this economic crisis is simple:
Put everything back the way they were in 2006 before Christopher Cox started fixing things that were not broken due to the lobbying influence of MFA.
(implement the 7 point action plan solution listed in my book “Wizards of Wall Street“)
Instead of this fed action of quantitative easing 2.
The fed action of QE2 will devalue the dollar, lead to higher commodity prices, lead to asset and price inflation: It may even lead to the end of the US dollar as the world reserve currency which again is what George Soros wants and he has proposed that in the past, and creepy Tim Geithner – the treasury secretary, floated the Idea in the past also, only to back pedal from it when it raised some eye brows; this people are demented, dangerous, diabolic and not good for America.
The QE2 will cause the migration of capital from safe investments into risky assets like stocks where there is no legal protection for the invested capital, all teed up for looting to victimize the American families all over again. This will end badly. The execution of the plot to destroy America and global capitalism is still in progress as we speak.
The collapse of the U.S. economy was deliberately engineered by the members of MFA, and they carried out the plan in 2008, and it was the first phase of the plot to destroy capitalism and impose socialism on the American people.
The subsequent phases of the plot has ensued through legislative reforms, through the regulatory agencies, and through the Federal reserve and the Treasury led by creepy Tim Geithner – working for MFA and George Soros and the Center for American destruction officially known as the Center for American Progress.
All the Obama legislative reforms namely the health care reform bill, The financial reform bill, the cap and trade bill, and the card check bill are all designed to destroy capitalism and install socialism in America. They must all be repealed with no exception.
The Obama intended immigration reform bill must also be prevented from becoming law - All the Obama reform bills were written to transform America from capitalism to socialism — to dilute and change the political and economic structure of America.We the people are not having any of that. We are a capitalist nation.
Your President Barack Obama is doing everything he is not supposed to do and have failed to do the things he is supposed to do, and need to do to fix this economic crisis.
Even though I did not think the stimulus spending and the shovel ready jobs will fix the economic crisis, but that was the solution your President offered and promised to implement if he gets the stimulus bill passed.
He got $700 billion dollars in stimulus money, did he spend it on the shovel ready jobs?
He even later admitted that actually there were no shovel ready jobs; so it is Just more money down the drain, more debt and deficit, digging us deeper into the hole; the liberal media gives him a pass; this is the person the media, the pundits, the talking heads on TV, both conservatives and liberals insist is smart and intelligent. If they are correct, then America is being played.
Like I said before, misguided Americans may have inadvertently elected a dummy or an enemy agent as their President. Take your pick.
I am still waiting for the media to ask the puppet in the white house; their chosen one: What is the wisdom in creating a civilian national security force, instead of just increasing the size of our military ?
The media should ask Obama to please explain what he intends to do with a 500,000 strong civilian national security force that is just as powerful, just as strong and just as well funded as the US military.
He sneaked the provision to create this civilian national security force into the health care bill – and that is the transparency he promised during the campaign.
Something tells me that the #1 and the #2 civilian officers appointed from the Center for American progress who will head the Obama militia health care enforcement brigade will eventually replace the Chairman of the joint chiefs of staff and the defense secretary when Obama declares a national emergency.
Thank God that free elections is still working so far, except perhaps in Neveda.
Members of MFA, led by George Soros subverted our capitalist system economy, engineered the economic collapse to effect a regime change in America; to destroy capitalism and impose socialism on the American people. They have succeeded with the first phase of the coup resulting in the election of Barack Obama, but the intended transformation is not yet complete because we the people are not having it, we do not want the tyranny of socialism. We are a capitalist nation. Freedom and capitalism will survive. The democratic process is still alive.
America is a nation unlike any other nation; exceptional in its role around the world.
I want America to be restored to its role as the leading economic superpower; a nation that is admired and respected around the world:
Yes to economic superiority.
Yes to military superiority.
Yes to technological innovation advantage.
Yes to being the most powerful nation on earth, proud and unapologetic.
Yes to American imperialism and its predominant influence around the world; dominant in every aspect and facet of any competitive agenda, goal or endeavor.
Yes to capitalism, liberty and justice for all.
Yes to the America that when the oppressed in a third world country sees the American flag, they see hope, help and liberation.
Yes to the American dream and the land of opportunity.
Yes to freedom, prosperity and pursuit of happiness.
Yes to restoration of free market capitalism.
I want my country back.
Those who plot to collapse capitalism and destroy America will be held accountable for their crimes.
I cry and I pray for the rise of an American champion from among the people, a citizen hero, a non politician, a freedom lover, a capitalist and a patriot to take the mantle of the US Presidency, and fix this economic crisis:
Implement the 7 point action plan solution and initiate an investigation and bring the looting bandits who plotted to collapse and loot our economy to justice, every one them; and for the key conspirators, they should be tried for high treason and murder.
People died because of their crime.
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