[ame="http://www.youtube.com/watch?v=U7XyC0kcERY"]Bank Bailout in Disguise, Jobs Data - YouTube[/ame]
Has Schiff been reading my scripts? The Federal Reserve is in a tricky position . Of course short term it could almost do anything and get away it , because of its systemic independence and lack of transparency . Until Mad Ben Bernanke is taken away , the evidence is that he will want to continue to feed in trillions in imaginary new money . But even he recognises that the public is more questioning , worried and in major parts horrified by his so called debt solution . He has to be more cunning from now on . So , the overall point is that the Fed will find new ways of increasing money supply --- possibly selling every asset down to Government buildings and the Statue of Liberty to create collateral against which to notionally make loans . Of course , last week's lowering of inter bank interest loan rate was a fix . The Agencies wanted to savage the Banks and rightly . The Fed bought time for itself plus the banks standing on the cliff edge -- how can the power elite let Bank of America collapse ? There was an agreement -- we will politely say . As for the Unemployed figure . No American on this site has yet to my knowledge denied that the true figure is about double the official figure . Schiff hints at it when he rightly points out that half of the rate decline is from people who took themselves off the unemployment register -- if you say you are no longer looking for work , you automatically cease being classed as Unemployed .As are people who have been unemployed more than 12 months -- I believe Sure , it's unbelievable . But that's the way the BS flies in the US ..
I still say QE 3 is coming....these other measures are only stop gap measures! Also.....it will all come crashing down soon enough
