Graham Summers
Phoenix Capital Research
ZeroHedge
10/3/2012
It’s time to wake up, America.
The mainstream media is attempting once again to draw the public’s opinion towards issues that are ultimately fringe issues that impact a small percentage of us in order to ignore the large-scale major issues that affect all of us…
…For starters, ask yourself the following:
- Which affects you more, the fact a particular candidate voted for a particular bill in the past, or the fact that our entire monetary system is run by a man who none of us voted for and who has systemically worked to debase the value of the currency in our pockets while raising the cost of living?
- What matters more to the US, whether or not homosexuals can get married or the fact that all of us are married to a financial system in which all of us shoulder the debts of Wall Street and the banks, thereby insuring that our country will eventually face a debt crisis resulting is most if not all of us losing a major percentage of our wealth?
- Which is more important for our well-being, whether or a certain candidate paid his taxes or the fact that we are all of us being taxed by inflation which decreases our purchasing power, making all of us much poorer?…
…Think about this one for a moment… the US debt is now $16 trillion. The largest owner of this debt is the US Federal Reserve. So when we pay taxes to pay the interest on the debt, it goes to guess who?
Haven’t heard that one discussed anywhere in the media have you?
How about this? Ben Bernanke pumped god knows how much money into the financial system during the 2008 Crisis. The chief of oversight at the Fed admitted that even the Fed doesn’t know where hundreds of billions of Dollars went. And they’re not going to investigate where it went either…
Read the entire article at ZeroHedge.
Related: Chart Of The Day: The Rise Of Global Central Planning
There was a time when the world had (somewhat) free markets. Then Lehman failed as the inevitable culmination of a credit bubble that was second in size and severity only to the one being blown currently, and the central planners took over, converting equity, bond and FX markets into nothing but monetary policy tools dominated by central banks. Below is a great summary of how parallel to SkyNet’s HFT takeover of stock trading, the central planners conducted their own not so stealthy take over of all capital markets. The chart is open-ended. Expect much more intervention by the Big 4 in the months and years ahead as the circular nature of increased central bank intervention leading to less faith in financial markets leading to increased private sector deleveraging leading to increased-er central bank intervention and so on, accelerates.
Meet the 4 unelected dictators of the no longer even pretending to be free “developed” world…
