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Originally posted by ICEKOHLD
why don't we revolt???
Originally posted by Rockdisjoint
Why should the U.S revolt? What's wrong with America?
Everything seems great to me.
....QE has Keynesianism in its roots. All economists know the solution to unemployment is lower real wages. A central part of Keynes’ theory was the notion of money illusion. Keynes believed that workers would not accept nominal decreases in wages but that they could be fooled via inflation, a belief that only an elitist could have. If the cost of living goes up and wages stay the same, then real wages go down and presumably employment goes up (or down less than it otherwise would).
Inflation, the critical tool in the Keynesian paradigm, has been used regularly.Since the formation of the Federal Reserve, the purchasing power of the dollar has fallen almost 96%.
Could Bernanke Spark a Run on the Dollar?
....The only real fix is to lower the cost of U.S. workers relative to foreign rivals and machines, or else raise their bang for the buck. The latter, while clearly preferable, requires education and training that won’t turn things around overnight.” (“The Fed’s Magic Show Appears to Be Over”, Wall Street Journal)
In other words, the Fed is planning to give every working man and woman in the US a big pay-cut so they can go nose-to-nose with foreign labor. You can see how this blends seamlessly with Obama’s State of the Union Speech where he focused on “competition” as his central theme. More importantly, Obama reiterated his pledge to double exports in the next 5 years. The only way that can be achieved is by destroying the dollar. Here’s a clip from an op-ed by Judy Shelton that explains what’s going on: “Beware of President Obama’s call for a doubling of U.S. exports over the next five years as a way to reduce the unemployment rate. The obvious quick route to export success for any nation is to depreciate its currency. Dollar depreciation is already being pushed by the Obama administration as the key solution for resolving our massive trade deficit with China………The government will continue to run a large budget deficit, which must be financed by issuing more government debt. The debt is monetized when the Federal Reserve purchases it from the public. The effect is to increase the money supply. Inflationary monetary policy goes hand-in-hand with a falling dollar in foreign-exchange markets.” (“The Wrong Way to Double Exports”, Judy Shelton, Wall Street Journal)So, while working people and pensioners see their savings sliced in half to accommodate the globalist dream of an evenly-depressed world labor market; the investor class will get regular injections of Fed liquidity via QE2 to keep stocks “bubbly” and profits high.....
www.economicnoise.com...
Originally posted by boondock-saint
Originally posted by Rockdisjoint
Why should the U.S revolt? What's wrong with America?
Everything seems great to me.
then you are probably part of the problem
2nd
Originally posted by Rockdisjoint
How do I become part of the solution?