Showing posts with label federal reserve. Show all posts
Showing posts with label federal reserve. Show all posts
Wednesday, January 4, 2012
Tuesday, January 3, 2012
In The 60's: "Get Your Freak On," Was Done from a Distance
In The 60's: "Get Your Freak On," Was Done from a Distance.
Remember Footloose,when the puritans running the county forbade "Rock
and Roll Dancin'" for the fear that all the kids would just strip down
and get nasty right there on the dance floor. THEY WERE RIGHT!
Nowadays you have to look real close just to make sure that penetration
is not taking place. Uniform Code Of Military Justice: Any penetration,
however slight, is sufficient to complete the offense.
Look
at Chubby Checker over there looking at his watch and saying "just 50
more years and I can step three feet closer and work that ass on this
dance floor." Well, it's about to get real nasty. Chubby be rollin" in
his grave had he known he'd become part of the biggest moment of
penetration ever experienced by any civilization. They are about to go
deep into your assets and the protesting townsfolk have all gone home.
It's on. Bow wow wow yippee yo yippee yay.
It hasn't been
three days since I posted that Dope Metaphor bout Master P and The
Federal Reserve turning your dollar into 15 cents and calling it a
dollar bill y'all. Now we are hearing that the Federal Reserve has
something up its sleeve to help the economy recover from the current
recession. Or do they?
They are calling it "Operation
Twist." Remember, this is news. The Journalists covering this are
reporting on it like it is breaking news. We've known Bernanke planned
on doing this since 2002. But now he's actually doing it. The plan
Bernanke unveiled in 2002 to the Nation's leading economists said that
he would drive the interest rates to zero, then if that did not work, he
would devalue the dollar just like President Roosevelt did back in the
day.
Well it's about to get all real old school depressionomics up in here.
"The term "Operation Twist" comes from the early 1960s, when the Fed
tried something similar. (It's named for the Chubby Checker hit.) It may
have had a small effect — one recent study found that it drove down the
interest rate on Treasury bonds by 0.15 percentage points. But the
effect on mortgage rates was smaller, and the effect on corporate
borrowing costs was tiny.
What's more, interest rates are
already super low. And it's clear that the economy has lots of problems
that lower interest rates alone can't solve. Fed officials know this,
but there's not much they can do about it. All they can do is keep
trying to lower interest rates."
- NPR
"All they can do is
keep trying to lower interest rates" is BULLSHIT. And if you are asleep
then you would believe this. They can't keep lowering interest rates
because:
"Once the nominal interest rate is at zero, no further
downward adjustment in the rate can occur, since lenders generally will
not accept a negative nominal interest rate when it is possible instead
to hold cash. At this point, the nominal interest rate is said to have
hit the "zero bound." "
Remember, that's white boy speak for:
"How a Nigga gonna get paid if he paying fools to smoke his shit!."
- Rivera
I said it in the street vernacular where the term has weight. Wake up
and smell the piss on wall street. The same robo reporter who wrote
this will think he's scooping the biggest financial story since the
great crash of October, '29 when he gets the press release from the
Federal Reserve stating that they've devalued the dollar by more than
HALF.
"Although a policy of intervening to affect the exchange
value of the dollar is nowhere on the horizon today, it's worth noting
that there have been times when exchange rate policy has been an
effective weapon against deflation. A striking example from U.S. history
is Franklin Roosevelt's 40 percent devaluation of the dollar against
gold in 1933-34, enforced by a program of gold purchases and domestic
money creation."
- Bernanke
"A policy of intervening to
affect the exchange value of the dollar is nowhere on the horizon
today." That's white boy speak for, "Peep what I'm about to do if that
shit happens again."
But this is not really about Dirty
Dancing, or Dirty Money, it is about the Europeans kicking your ass cuz
the war of 1812 ain't never been over. World War II ain't never been
over. The Middle East Conflict will never be over. And now the Pope,
the crown, and "the Germans, Tommy," are all coming after us and they
haven't had to fire but a couple of shots that we've never been able to
prove.
Now they have Islam on their side and there is only
one thing for the United States Wealth and Power Structure to do. Sell
us out to the U.N., The Pope and his Bank so that they can retain their
positions of wealth, power, and influence.
The legislation that
has just passed allows them to now arrest and imprison Americans and
even revoke their citizenship if necessary. Why are they doing this?
They are doing this to prove to those they kneel to that they are
serious about killing anyone that get's in their way as they sell us
out. When they take everything you have you will be so fucking pissed
that you will be willing to stand up to them and demand what's yours.
They will use white boy speak and tell you to, "Relax, do not over
react, change was on the horizon and we are heading toward the world Dr.
Martin Luther King, who by the way, took one of those shots, spoke so
promisingly about. They will ask you to accept the "New World Order,"
get back to work, live for the new state, and all will be fine. If you
ever once step out of line they will take you to the guillotines.
End times prophecy suggests that economic exchange rates may be part of the signs preceding the return of Jesus Christ.
And I heard a voice in the midst of the four beasts say, A measure of
wheat for a penny, and three measures of barley for a penny; and see
thou hurt not the oil and the wine.
(Rev 6:6)
I don't know what this means beyond the fact that barley is trading with wheat at
3 to 1. All I can do is read what was said in the past, look at what
is happening in the present, and speculate what is going to happen in
the future. Then when shit goes down I may be better informed and make
the right decision.
And I saw thrones, and they sat upon them,
and judgment was given unto them: and I saw the souls of them that were
beheaded for the witness of Jesus, and for the word of God, and which
had not worshiped the beast, neither his image, neither had received his
mark upon their foreheads, or in their hands; and they lived and
reigned with Christ a thousand years.
(Rev 20:4)
Christianity is called the Narrow Way by Christ Jesus himself. The word
suggests that there is a road, and everyone walks up and down it, all
over it. That is the way. The Narrow way is the tracks that the wagons
run on. They are very narrow tracks and it would be pretty hard to
walk in it but possible nonetheless, like a tight rope.
There
will be a whole bunch of people on the way to prosperity when St.
Germaine and The Pope break the world off some grip real soon. There
will also be a whole bunch of us on the narrow way. Hoping we have the
courage to be delivered up and have our blood sacrificed to the god of
this world in the name of the God that created it, Yeshua Messiah.
http://www.npr.org/blogs/money/2011/09/21/140643696/operation-twist-explained-in-4-easy-steps

www.npr.org
Here's the Fed's likely next move in its effort to push down interest rates even further.
How To Make A Dollar Out Of 15 Cents
(WARNING: This article contains words that may be inappropriate for the kids that use them)
There are two guys I would trust to tell me the truth about how they break it off and, leave the crackheads chasing derivatives, "a lil some some" for the wake up.
Percy Miller used street smarts and intellectual property law to amass a fortune once estimated at 600 Million Dollars. His current net worth is estimated at around $350 Million. He learned economics on the street corners of New Orleans hustling crack, a derivative of cocaine, a derivative of the leaves of the coca plant. Now 44, Percy, aka, Master P, is semi-retired and tours the world. He tells his story to crowded rooms of radical youth. He encourages them to wake up and learn the game.
Ben Bernanke, The current talking "Head" of the Federal Reserve, was a smart kid from a good Jewish Family who went to Harvard where he lived with Lloyd Blankfein, the future CEO of Goldman Sachs. Bernanke eventually became a Stanford Economics Professor, then a tenured professor at Princeton until his taking a leave of absence in 2002. From 2002 through 2005, he served on the Board of Governors of the Federal Reserve Banking System. In 2005, he went to work for the European banking interests and became the current Chairman of the Federal Reserve: A Private Bank that dictates monetary policy in the United States by lending it money.
Bernanke has never done anything for money. If you have ever had the pleasure of meeting an economist, they are mostly well off guys who share a car into work, wear the same tan sport coat, and advise a lot of other people on what to do with large sums of Money. But they pretty much can't do anything else but talk about it. They live in a fantasy world, where the ghosts of John Maynard Keynes and J.K. Galbraith haunt the hallways of ALL institutions of higher education, all running from Malthus the unfriendly ghost. Not one of them could hit the streets of New Orleans and make a dollar out of 15 cents without turning a trick. They do not generate any of the gazilions of dollars that they eventually get to "move" for the banking systems that need their services.
The Federal Funds Rate, the rate the Federal Reserve charges banks for loans, has been hovering a pubic hair over zero for the last THREE YEARS. There's no where else to go. How a Nigga gonna get paid if he paying mother fuckers to smoke his shit! That is a rhetorical question and therefore it does not require a question mark if an exclamation point better describes the tone of the conversation.
How are the foreign bankers going to get paid if they are already giving us money at cost? That was a question and if you ain't got no answer then you need to axe some body. If the language offends you then you need to wake up and stop being racist to think that ALL MEN ARE NOT THE SAME. They Are. They just communicate economic principles in different vernaculars. But know this. They will all smoke your ass if you try to jack their shit. Axe Kennedy. Oh, he can't tell you cuz they shot him in the throat before they blew his head into several pieces.
Forgive me, while I digress.
"Man it ain't nothin' but a thang to let ya nuts hang
Cause in this game a million niggas tried to fuck the same thang
I know it be like on, on my block
Niggas must be on the cell while another's on the short stop
It won't stop and it won't quit
Tell me another quick way for a nigga to check a grip, shit
I'm kind of in a rush, it's kind of like a must
To get some, in God we trust" - Master P
So who's on the phone? Let's break it down. This man is bold and brash. He's willing to stand there in defiance, exposed in front of all those that attempt to enter his industry. The action is good, there are only so many geographic points of sale, so all competitors must be eliminated. His organization needs to be operated at different levels. The top dog is behind six dead bolts and armed guards, he dictates the moves from a secure phone. He's establishing the price based on demand. His supply is unlimited and these crack heads got him working the markets 24-7. THIS AIN'T BEN SHALOM BERNANKE. He's that expendable bitch on the corner turning it over for the man and he thinks he's making money but he's just a trick to the real pimps. The hard core fool's on the phone calling the shots.
So who's on the phone?
Lloyd Craig Blankfein is that fools name. He's the current CEO and Chairman of the Board of GOLDMAN SACHS. That's white boy speak for "Let Ya Nuts Hang," . He ain't no economist. He's a real Nigga from the Bronx. Ran with them fools from Temple Beth and was a Concessionaire at Yankee Stadium as a kid. Went to Harvard where he pimped beers from Bernanke, then became a very good tax lawyer and friend of the biggest, baddest Niggas from upper Manha'in. He's the Gala Chairman for the Rockefeller Family's Asia Society.
"The Asia Society is a non-profit, non-partisan organization whose aim is to build awareness about Asian politics, business, education, arts, and culture through education." - wikipedia
End of Digression.
So how do you make a dollar out of 15 cents.
Well you could d it Master P's way:
Processed coca leaves - $140
Butane, baking soda, misc. supplies - $6
Bullets - $4
Street corner in New Orleans - Priceless!
Cook it up. Break it up into 150 little rocks, and sell each one for $10. Ka-Ching! $1500 bills each saying "In God We Trust."
Now let's look at Rockefeller's way:
He jacks you for a dollar. They ain't paid for shit since 1839. He takes your dollar, that you actually bring to him, he pockets 9 cents and he give 81 cents to his boys who either lend it back to you for the Vig, or invest in their homies biznisses. You really only have just $10 in required reserves. Sometimes his homies lend their boys money knowing damn well they gonna shut down the crack house and run with the loot. Solyndra, MF Global, Enron, etc. He don't care he got paid already and it's your money he lent them any way. So when his homies get in trouble they gots to come back to him for cash. So he tells his bitch Bernanke to break them off some grip and he floats them til their next big score.
So Bernanke, like the little bitch that he is, just gave the European Banks 600 Billion dollars on Christmas Eve. While you were all tripping cuz your kids were more important then your mortgage payment this Christmas, they jacked us for $600 Billion buy purchasing their own debt. Blankfein got a call from Rockefeller, Bernanke got a call from Blankfein, but no one called you to ask them if they could give away your money. Well it's technically not your money yet. That's the "how they are going to make a dollar out of 15 cents" part. Here's how.
The Federal Reserve has had a plan in place to fight the economic problems resulting from the banking deregulation and real estate debacles we all believe to be past us. Not for the economists. They know money is like a moving train. It just doesn't stop and reverse it's direction. It sometimes takes miles to stop a train and if not done properly, derailment and catastrophe are imminent. So with money.
On November 21st, 2002. Ben Bernanke, new to the Board of Governors, gave a speech to the National Economist's Club in Washington, D.C., regarding his "theoretical" Federal Reserve action plan for the recovery of the American Economy. He wasn't the Chairman at the time, but he had a plan. He became the Chairman in 2005 and by 2010 his plan was well under way.
"However, a deflationary recession may differ in one respect from "normal" recessions in which the inflation rate is at least modestly positive: Deflation of sufficient magnitude may result in the nominal interest rate declining to zero or very close to zero. Once the nominal interest rate is at zero, no further downward adjustment in the rate can occur, since lenders generally will not accept a negative nominal interest rate when it is possible instead to hold cash. At this point, the nominal interest rate is said to have hit the "zero bound.""
- - Ben Bernanke, 2002
"since lenders generally will not accept a negative nominal interest rate when it is possible instead to hold cash." That's White-Boy rhetoric for "How a Nigga gonna get paid if he paying mother fuckers to smoke his shit!" So we are here, right now, with these Niggas wondering how they gonna get paid for The European Banking bailout and them ole Iraqi War Bonds.
Your Hard Earned Cash is the Coca leaf.
The Banker takes your cash and buys private securities and makes Cocaine.
They mess up and get busted so then the fed bails them out for billions and prints new dollars and sells this U.S. Debt to make crack cocaine.
Now there's no more crack to sell. So now they gots to go and buy their crack back. Get everyone off the old good Crack, and get them on some new devalued dope shit. How do they do this? They say they got bad crack out there, they are going to buy up all the crack and let everyone get some new crack worth double right there on the spot. Crackheads gobble that shit up and smoke it. They wait, nothing. "What the fuck is this shit? This ain't crack. This is some bullshit." Well, basically that's about whats going to happen to your crack. I mean, your higher interest bearing, dollar backed, debt derivatives.
"Although deflation and the zero bound on nominal interest rates create a significant problem for those seeking to borrow, they impose an even greater burden on households and firms that had accumulated substantial debt before the onset of the deflation. This burden arises because, even if debtors are able to refinance their existing obligations at low nominal interest rates, with prices falling they must still repay the principal in dollars of increasing (perhaps rapidly increasing) real value."
- - Ben Bernanke, 2002
So the Federal Reserve is now buying the American Debt. They are giving away dollars that are being traded for commodities at current real prices, and then they will buy that debt back at a discount and then Bernanke's words will frightfully have to be headed given his next move is an inevitability already thought of that will hit you like they just found little green men on mars.
"Although a policy of intervening to affect the exchange value of the dollar is nowhere on the horizon today, it's worth noting that there have been times when exchange rate policy has been an effective weapon against deflation. A striking example from U.S. history is Franklin Roosevelt's 40 percent devaluation of the dollar against gold in 1933-34, enforced by a program of gold purchases and domestic money creation. The devaluation and the rapid increase in money supply it permitted ended the U.S. deflation remarkably quickly. Indeed, consumer price inflation in the United States, year on year, went from -10.3 percent in 1932 to -5.1 percent in 1933 to 3.4 percent in 1934.17 The economy grew strongly, and by the way, 1934 was one of the best years of the century for the stock market. If nothing else, the episode illustrates that monetary actions can have powerful effects on the economy, even when the nominal interest rate is at or near zero, as was the case at the time of Roosevelt's devaluation."
- - Ben Bernanke, 2002
That's whits boy speak for saying "FUCK EM, MORE BAKING SODA." They are going to take your hard earned dollar and turn it into 15 cents, they gave the European Banking Interests your 85 cents, and now they are going to add a shit load of baking soda and call it a dollar and give it back to you. The European Bankers fronted by the Rockefeller's, Morgan's, and Goldman Sachs are Banksters. They are ruthless and they will kill if you try to step to them and try to get what's yours.
"Fiends want credit but cha' know I can't fade ya
When you get cha' cash together call me on my pager
I'm stressin' off the game, I barely gets sleep
I just had to bail my lil' partner last week
In and out of aves gettin' chased by the 5-0
Gettin' my hustle on, a way of survival
And if I get caught I got play
But I ain't goin' out without two stones to the head."
- - Master P
Neither are the Banksters!
There are two guys I would trust to tell me the truth about how they break it off and, leave the crackheads chasing derivatives, "a lil some some" for the wake up.
Percy Miller used street smarts and intellectual property law to amass a fortune once estimated at 600 Million Dollars. His current net worth is estimated at around $350 Million. He learned economics on the street corners of New Orleans hustling crack, a derivative of cocaine, a derivative of the leaves of the coca plant. Now 44, Percy, aka, Master P, is semi-retired and tours the world. He tells his story to crowded rooms of radical youth. He encourages them to wake up and learn the game.
Ben Bernanke, The current talking "Head" of the Federal Reserve, was a smart kid from a good Jewish Family who went to Harvard where he lived with Lloyd Blankfein, the future CEO of Goldman Sachs. Bernanke eventually became a Stanford Economics Professor, then a tenured professor at Princeton until his taking a leave of absence in 2002. From 2002 through 2005, he served on the Board of Governors of the Federal Reserve Banking System. In 2005, he went to work for the European banking interests and became the current Chairman of the Federal Reserve: A Private Bank that dictates monetary policy in the United States by lending it money.
Bernanke has never done anything for money. If you have ever had the pleasure of meeting an economist, they are mostly well off guys who share a car into work, wear the same tan sport coat, and advise a lot of other people on what to do with large sums of Money. But they pretty much can't do anything else but talk about it. They live in a fantasy world, where the ghosts of John Maynard Keynes and J.K. Galbraith haunt the hallways of ALL institutions of higher education, all running from Malthus the unfriendly ghost. Not one of them could hit the streets of New Orleans and make a dollar out of 15 cents without turning a trick. They do not generate any of the gazilions of dollars that they eventually get to "move" for the banking systems that need their services.
The Federal Funds Rate, the rate the Federal Reserve charges banks for loans, has been hovering a pubic hair over zero for the last THREE YEARS. There's no where else to go. How a Nigga gonna get paid if he paying mother fuckers to smoke his shit! That is a rhetorical question and therefore it does not require a question mark if an exclamation point better describes the tone of the conversation.
How are the foreign bankers going to get paid if they are already giving us money at cost? That was a question and if you ain't got no answer then you need to axe some body. If the language offends you then you need to wake up and stop being racist to think that ALL MEN ARE NOT THE SAME. They Are. They just communicate economic principles in different vernaculars. But know this. They will all smoke your ass if you try to jack their shit. Axe Kennedy. Oh, he can't tell you cuz they shot him in the throat before they blew his head into several pieces.
Forgive me, while I digress.
"Man it ain't nothin' but a thang to let ya nuts hang
Cause in this game a million niggas tried to fuck the same thang
I know it be like on, on my block
Niggas must be on the cell while another's on the short stop
It won't stop and it won't quit
Tell me another quick way for a nigga to check a grip, shit
I'm kind of in a rush, it's kind of like a must
To get some, in God we trust" - Master P
So who's on the phone? Let's break it down. This man is bold and brash. He's willing to stand there in defiance, exposed in front of all those that attempt to enter his industry. The action is good, there are only so many geographic points of sale, so all competitors must be eliminated. His organization needs to be operated at different levels. The top dog is behind six dead bolts and armed guards, he dictates the moves from a secure phone. He's establishing the price based on demand. His supply is unlimited and these crack heads got him working the markets 24-7. THIS AIN'T BEN SHALOM BERNANKE. He's that expendable bitch on the corner turning it over for the man and he thinks he's making money but he's just a trick to the real pimps. The hard core fool's on the phone calling the shots.
So who's on the phone?
Lloyd Craig Blankfein is that fools name. He's the current CEO and Chairman of the Board of GOLDMAN SACHS. That's white boy speak for "Let Ya Nuts Hang," . He ain't no economist. He's a real Nigga from the Bronx. Ran with them fools from Temple Beth and was a Concessionaire at Yankee Stadium as a kid. Went to Harvard where he pimped beers from Bernanke, then became a very good tax lawyer and friend of the biggest, baddest Niggas from upper Manha'in. He's the Gala Chairman for the Rockefeller Family's Asia Society.
"The Asia Society is a non-profit, non-partisan organization whose aim is to build awareness about Asian politics, business, education, arts, and culture through education." - wikipedia
End of Digression.
So how do you make a dollar out of 15 cents.
Well you could d it Master P's way:
Processed coca leaves - $140
Butane, baking soda, misc. supplies - $6
Bullets - $4
Street corner in New Orleans - Priceless!
Cook it up. Break it up into 150 little rocks, and sell each one for $10. Ka-Ching! $1500 bills each saying "In God We Trust."
Now let's look at Rockefeller's way:
He jacks you for a dollar. They ain't paid for shit since 1839. He takes your dollar, that you actually bring to him, he pockets 9 cents and he give 81 cents to his boys who either lend it back to you for the Vig, or invest in their homies biznisses. You really only have just $10 in required reserves. Sometimes his homies lend their boys money knowing damn well they gonna shut down the crack house and run with the loot. Solyndra, MF Global, Enron, etc. He don't care he got paid already and it's your money he lent them any way. So when his homies get in trouble they gots to come back to him for cash. So he tells his bitch Bernanke to break them off some grip and he floats them til their next big score.
So Bernanke, like the little bitch that he is, just gave the European Banks 600 Billion dollars on Christmas Eve. While you were all tripping cuz your kids were more important then your mortgage payment this Christmas, they jacked us for $600 Billion buy purchasing their own debt. Blankfein got a call from Rockefeller, Bernanke got a call from Blankfein, but no one called you to ask them if they could give away your money. Well it's technically not your money yet. That's the "how they are going to make a dollar out of 15 cents" part. Here's how.
The Federal Reserve has had a plan in place to fight the economic problems resulting from the banking deregulation and real estate debacles we all believe to be past us. Not for the economists. They know money is like a moving train. It just doesn't stop and reverse it's direction. It sometimes takes miles to stop a train and if not done properly, derailment and catastrophe are imminent. So with money.
On November 21st, 2002. Ben Bernanke, new to the Board of Governors, gave a speech to the National Economist's Club in Washington, D.C., regarding his "theoretical" Federal Reserve action plan for the recovery of the American Economy. He wasn't the Chairman at the time, but he had a plan. He became the Chairman in 2005 and by 2010 his plan was well under way.
"However, a deflationary recession may differ in one respect from "normal" recessions in which the inflation rate is at least modestly positive: Deflation of sufficient magnitude may result in the nominal interest rate declining to zero or very close to zero. Once the nominal interest rate is at zero, no further downward adjustment in the rate can occur, since lenders generally will not accept a negative nominal interest rate when it is possible instead to hold cash. At this point, the nominal interest rate is said to have hit the "zero bound.""
- - Ben Bernanke, 2002
"since lenders generally will not accept a negative nominal interest rate when it is possible instead to hold cash." That's White-Boy rhetoric for "How a Nigga gonna get paid if he paying mother fuckers to smoke his shit!" So we are here, right now, with these Niggas wondering how they gonna get paid for The European Banking bailout and them ole Iraqi War Bonds.
Your Hard Earned Cash is the Coca leaf.
The Banker takes your cash and buys private securities and makes Cocaine.
They mess up and get busted so then the fed bails them out for billions and prints new dollars and sells this U.S. Debt to make crack cocaine.
Now there's no more crack to sell. So now they gots to go and buy their crack back. Get everyone off the old good Crack, and get them on some new devalued dope shit. How do they do this? They say they got bad crack out there, they are going to buy up all the crack and let everyone get some new crack worth double right there on the spot. Crackheads gobble that shit up and smoke it. They wait, nothing. "What the fuck is this shit? This ain't crack. This is some bullshit." Well, basically that's about whats going to happen to your crack. I mean, your higher interest bearing, dollar backed, debt derivatives.
"Although deflation and the zero bound on nominal interest rates create a significant problem for those seeking to borrow, they impose an even greater burden on households and firms that had accumulated substantial debt before the onset of the deflation. This burden arises because, even if debtors are able to refinance their existing obligations at low nominal interest rates, with prices falling they must still repay the principal in dollars of increasing (perhaps rapidly increasing) real value."
- - Ben Bernanke, 2002
So the Federal Reserve is now buying the American Debt. They are giving away dollars that are being traded for commodities at current real prices, and then they will buy that debt back at a discount and then Bernanke's words will frightfully have to be headed given his next move is an inevitability already thought of that will hit you like they just found little green men on mars.
"Although a policy of intervening to affect the exchange value of the dollar is nowhere on the horizon today, it's worth noting that there have been times when exchange rate policy has been an effective weapon against deflation. A striking example from U.S. history is Franklin Roosevelt's 40 percent devaluation of the dollar against gold in 1933-34, enforced by a program of gold purchases and domestic money creation. The devaluation and the rapid increase in money supply it permitted ended the U.S. deflation remarkably quickly. Indeed, consumer price inflation in the United States, year on year, went from -10.3 percent in 1932 to -5.1 percent in 1933 to 3.4 percent in 1934.17 The economy grew strongly, and by the way, 1934 was one of the best years of the century for the stock market. If nothing else, the episode illustrates that monetary actions can have powerful effects on the economy, even when the nominal interest rate is at or near zero, as was the case at the time of Roosevelt's devaluation."
- - Ben Bernanke, 2002
That's whits boy speak for saying "FUCK EM, MORE BAKING SODA." They are going to take your hard earned dollar and turn it into 15 cents, they gave the European Banking Interests your 85 cents, and now they are going to add a shit load of baking soda and call it a dollar and give it back to you. The European Bankers fronted by the Rockefeller's, Morgan's, and Goldman Sachs are Banksters. They are ruthless and they will kill if you try to step to them and try to get what's yours.
"Fiends want credit but cha' know I can't fade ya
When you get cha' cash together call me on my pager
I'm stressin' off the game, I barely gets sleep
I just had to bail my lil' partner last week
In and out of aves gettin' chased by the 5-0
Gettin' my hustle on, a way of survival
And if I get caught I got play
But I ain't goin' out without two stones to the head."
- - Master P
Neither are the Banksters!
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