Title: The Federal Reserve is WRONG. The FED has been Wrong for Over 20 Years. The FED's Wrong Ideas ARE Destroying America.
Author: Andrew M Molchan
Date: Mon July 23rd, 2012
July 23, 2012. ANDY'S UNPOPULAR INSIGHTS. The Federal Reserve is WRONG. The FED Freaks have been WRONG for over 20 Years. The Federal Reserve IS Destroying America.
The Pentagon's Generals are over in Afghanistan bombing Goat Herds. Having GI's look up Goat Ass for those missing weapons of mass destruction. If the Pentagon wants to protect America it should bomb our Nation's real enemy - The Federal Reserve.
My long term readers know that since 2008 I've been saying, "More Debt CANNOT cure a problem of too much Debt."
What's the PROOF of the FED's FAILURES? What are the FACTS? What's the Evidence? The FED Freaks have pumped out five TRILLION DOLLARS of new Debt since 2008. RESULTS? Fewer total people are employed today than in 2007. Unemployment is at a PERMANENT official 8%. Real unemployment, using HONEST numbers is 12%.
What's the PROOF of the FED's FAILURES? Real Estate has gone NOWHERE since 2006. Holding T-Bonds is worth NOTHING. Having a Bank Account is worth NOTHING. America's Trade Deficit keeps going UP while American manufacturing keeps going DOWN.
What's the PROOF of the FED's FAILURES? The Eleven Quarters since the "Downturn" was officially over in 2009 have been the LOWEST rate of "recovery growth" since before WWII. ALL of the so-called "Growth" was the five Trillion Dollars of FED added QuEer Money Debt. Real per capita disposable personal income using honest numbers has GONE DOWN
Bernanke and his follow Freaks keep saying, "Things would have been worse if it hadn't been for us." NO they wouldn't. They'd be BETTER - a Lot Better. The system would have CLEANED ITSELF in 2008-2010, and today we'd be looking at a Real Recovery rather than a FED never-ending QuEer Money slow death.
The people in Washington DC say, "Who are you, Andy, to be saying these things. You're a nobody. Go f**k off."
Yes, I'm a nobody. I'm the canary in the coal mine that for over 45 years has been CORRECT about the Big-Issues when 90% of the "Important People" in Washington DC were wrong.
Okay, forget about me. What do the recognized EXPERTS say about the FED's idea that Big Government and Big Debts are the Cure? Let's look at three current, professional, studies.
(1) The Swedish economists Berg & Henrekson did an extensive study of world economic history, and the relationship of Government size and economic growth. Their conclusion from the FACTS was that the bigger the Government becomes the SLOWER the economy grows. At a certain point Government Bigness will TOTALLY STOP economic growth.
However, Bernanke and the big Government Democrats would say that the old USSR proves that the bigger the government becomes the faster the economy grows.
(2) The now famous study, of the last 500 years of world economic history, by economists Reinhard & Rogoff, ALSO proves that when a Nation's government become too big economic growth comes to a HALT.
However, Bernanke and the Big Government Democrats would say that North Korea and Cuba PROVE that idea to be wrong.
(3) Working for the National Bureau of Economic Research economists Rother and Checherita investigated the history of Government Debt on GDP Growth. They came to SAME conclusions as the above two extensive studies. They said that a non-linear relationship exists between the Increase in Government Debt and a Decrease in economic growth. As Gov Debt goes UP, per-capita GDP goes Down at an increasing ratio.
However, Bernanke and the Big Government Democrats would say that's NOT true. Look at Greece, the more the Gov Debt went up the richer the Greek people became. They would say that China's economic growth only started AFTER it decided to Nationalize a lot more industries.
Where is the Professional Study PROVING that more National Debt is the CURE for a Problem of too much National Debt? Where are the Books that prove this idea? A study of that kind, that can stand up to cross examination, DOES NOT EXIST. Bernanke, the FED Freaks, and the left-wing Democrats are getting their economic ideas out of their Ass Holes.